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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest Income        
Interest and fees on loans $ 8,606 $ 8,548 $ 25,491 $ 25,277
Interest on interest-bearing deposits 17 407 248 1,048
Interest on securities – taxable 1,572 1,565 5,791 4,851
Interest on securities – nontaxable 513 768 1,316 2,543
Total interest income (10,708) (11,288) (32,846) (33,719)
Interest Expense        
Interest on time deposits 395 523 1,476 1,239
Interest on other deposits 1,025 1,342 3,338 4,333
Total interest expense (1,420) (1,865) (4,814) (5,572)
Net interest income 9,288 9,423 28,032 28,147
Provision for loan losses 154 95 1,985 350
Net interest income after provision for loan losses 9,134 9,328 26,047 27,797
Noninterest Income:        
Noninterest Income 1,413 1,576 4,150 4,572
BOLI income 219 230 659 681
Other income 423 227 1,233 1,368
Realized securities gain, net 14 162 96 182
Total noninterest income 1,926 2,098 5,806 6,443
Noninterest Expense        
Salaries and employee benefits 3,211 3,540 10,882 11,163
Occupancy, furniture and fixtures 452 468 1,360 1,410
Data processing and ATM 799 823 2,396 2,363
FDIC assessment 87   127 167
Net cost of other real estate owned 18 17 36 45
Franchise tax 331 343 1,009 990
Other operating expense 1,222 1,195 2,854 3,166
Total noninterest expense 6,120 6,386 18,664 19,304
Income before income tax 4,940 5,040 13,189 14,936
Income tax expense 772 788 2,060 2,247
Net Income $ 4,168 $ 4,252 $ 11,129 $ 12,689
Basic net income per common share (in dollars per share) $ 0.64 $ 0.65 $ 1.71 $ 1.92
Fully diluted net income per common share (in dollars per share) $ 0.64 $ 0.65 $ 1.71 $ 1.92
Weighted average number of common shares outstanding– basic and diluted (in shares) 6,489,574 6,499,957 6,489,574 6,611,354
Dividends declared per common share (in dollars per share)     $ 0.67 $ 0.67
Deposit Account [Member]        
Noninterest Income:        
Noninterest Income $ 471 $ 643 $ 1,430 $ 1,840
Product and Service, Other [Member]        
Noninterest Income:        
Noninterest Income 37 46 113 149
Credit and Debit Card [Member]        
Noninterest Income:        
Noninterest Income 339 350 1,031 1,015
Fiduciary and Trust [Member]        
Noninterest Income:        
Noninterest Income $ 423 $ 440 $ 1,244 $ 1,208