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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest Income    
Interest and fees on loans $ 8,466 $ 8,269
Interest on interest-bearing deposits 217 259
Interest on securities – taxable 2,356 1,683
Interest on securities – nontaxable 349 927
Total interest income (11,388) (11,138)
Interest Expense    
Interest on time deposits 559 297
Interest on other deposits 1,237 1,496
Total interest expense (1,796) (1,793)
Net interest income 9,592 9,345
Provision for loan losses 479 200
Net interest income after provision for loan losses 9,113 9,145
Noninterest Income:    
Noninterest Income 1,459 1,484
BOLI income 221 219
Other income 533 910
Realized securities gain, net 20 12
Total noninterest income 2,135 2,489
Noninterest Expense    
Salaries and employee benefits 3,979 3,821
Occupancy, furniture and fixtures 450 465
Data processing and ATM 791 751
FDIC assessment 85
Net costs of other real estate owned 22 25
Franchise taxes 343 314
Other operating expenses 882 1,004
Total noninterest expense 6,467 6,465
Income before income taxes 4,781 5,169
Income tax expense 802 726
Net Income $ 3,979 $ 4,443
Basic net income per common share (in dollars per share) $ 0.61 $ 0.65
Fully diluted net income per common share (in dollars per share) $ 0.61 $ 0.65
Weighted average number of common shares outstanding – basic and diluted (in shares) 6,489,574 6,839,733
Dividends declared per common share (in dollars per share)
Deposit Account [Member]    
Noninterest Income:    
Noninterest Income $ 582 $ 590
Product and Service, Other [Member]    
Noninterest Income:    
Noninterest Income 39 52
Credit and Debit Card [Member]    
Noninterest Income:    
Noninterest Income 306 309
Fiduciary and Trust [Member]    
Noninterest Income:    
Noninterest Income $ 434 $ 397