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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest Income        
Interest and fees on loans $ 8,005 $ 7,473 $ 23,159 $ 22,379
Interest on interest-bearing deposits 111 224 509 603
Interest on securities – taxable 1,771 1,426 5,125 4,225
Interest on securities – nontaxable 1,058 1,178 3,362 3,627
Total interest income 10,945 10,301 32,155 30,834
Interest Expense        
Interest on time deposits 107 130 344 410
Interest on other deposits 1,034 891 3,023 2,687
Interest on borrowed funds 104 0 104 0
Total interest expense 1,245 1,021 3,471 3,097
Net interest income 9,700 9,280 28,684 27,737
Provision for loan losses 223 201 93 724
Net interest income after provision for loan losses 9,477 9,079 28,591 27,013
Noninterest Income:        
Noninterest Income     4,687 4,484
BOLI income 222 233 678 522
Other income 282 215 801 735
Realized securities gain, net 0 4 0 8
Total noninterest income 1,914 1,884 5,805 5,465
Noninterest Expense        
Salaries and employee benefits 3,639 3,478 10,878 10,420
Occupancy and furniture and fixtures 433 459 1,396 1,366
Data processing and ATM 684 565 2,024 1,673
FDIC assessment 88 93 269 279
Intangible assets amortization 12 13 37 56
Net costs of other real estate owned 274 58 523 142
Franchise taxes 314 332 965 983
Other operating expenses 1,019 1,033 2,949 3,369
Total noninterest expense 6,463 6,031 21,051 18,288
Income before income taxes 4,928 4,932 13,345 14,190
Income tax expense 677 1,147 1,757 3,186
Net Income $ 4,251 $ 3,785 $ 11,588 $ 11,004
Basic net income per common share (in dollars per share) $ 610 $ 540 $ 1,670 $ 1,580
Fully diluted net income per common share (in dollars per share) $ 0.61 $ 0.54 $ 1.67 $ 1.58
Weighted average number of common shares outstanding – basic and diluted (in shares) 6,957,974 6,957,974 6,957,974 6,957,974
Dividends declared per common share (in dollars per share) $ 0 $ 0 $ 0.58 $ 0.56
Write-down of insurance receivable     $ 2,010 $ 0
Deposit Account [Member]        
Noninterest Income:        
Noninterest Income $ 673 $ 710 2,037 2,067
Product and Service, Other [Member]        
Noninterest Income:        
Noninterest Income 20 42 87 152
Credit and Debit Card [Member]        
Noninterest Income:        
Noninterest Income 362 315 1,071 854
Fiduciary and Trust [Member]        
Noninterest Income:        
Noninterest Income $ 355 $ 365 $ 1,131 $ 1,127