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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest Income    
Interest and fees on loans $ 8,269 $ 7,532
Interest on interest-bearing deposits 259 172
Interest on securities – taxable 1,683 1,608
Interest on securities – nontaxable 927 1,172
Total interest income 11,138 10,484
Interest Expense    
Interest on time deposits 297 121
Interest on other deposits 1,496 960
Total interest expense 1,793 1,081
Net interest income 9,345 9,403
Provision for (recovery of) loan losses 200 (472)
Net interest income after provision for (recovery of) loan losses 9,145 9,875
Noninterest Income:    
Noninterest Income 1,484 1,540
BOLI income 219 228
Other income 910 346
Realized securities gain, net 12
Total noninterest income 2,489 2,023
Noninterest Expense    
Salaries and employee benefits 3,821 3,694
Occupancy, furniture and fixtures 465 472
Data processing and ATM 751 733
FDIC assessment 85 91
Intangible assets amortization 12
Net costs of other real estate owned 25 85
Franchise taxes 314 331
Write-down of insurance receivable 1,724
Other operating expenses 1,004 1,022
Total noninterest expense 6,465 8,164
Income before income taxes 5,169 3,734
Income tax expense 726 438
Net Income $ 4,443 $ 3,296
Basic net income per common share (in dollars per share) $ 0.65 $ 0.47
Fully diluted net income per common share (in dollars per share) $ 0.65 $ 0.47
Weighted average number of common shares outstanding – basic and diluted (in shares) 6,839,733 6,957,974
Dividends declared per common share (in dollars per share)
Deposit Account [Member]    
Noninterest Income:    
Noninterest Income $ 590 $ 670
Product and Service, Other [Member]    
Noninterest Income:    
Noninterest Income 52 33
Credit and Debit Card [Member]    
Noninterest Income:    
Noninterest Income 309 344
Fiduciary and Trust [Member]    
Noninterest Income:    
Noninterest Income $ 397 $ 402