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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
INTEREST AND DIVIDEND INCOME        
Loans, including fees $ 7,105 $ 7,185 $ 13,955 $ 14,257
Taxable securities 470 584 1,090 1,171
Nontaxable securities 125 134 233 268
Other 31 218 270 393
Total interest and dividend income 7,731 8,121 15,548 16,089
INTEREST EXPENSE        
Deposits 673 921 1,504 1,746
Short-term borrowings 16 93 60 186
Other borrowings 30 36 56 75
Total interest expense 719 1,050 1,620 2,007
NET INTEREST INCOME 7,012 7,071 13,928 14,082
Provision for loan losses 717 285 895 570
Net interest income, after provision for loan losses 6,295 6,786 13,033 13,512
NON INTEREST INCOME        
Gain on sale of loans, net 508 76 622 155
Earnings on bank owned life insurance 131 122 259 205
Unrealized gain or (loss) on equity securities, net 4 (2) (9) 4
Other income 191 223 408 416
Total noninterest income 1,641 1,313 2,984 2,537
NON INTEREST EXPENSES        
Salaries and employee benefits 2,676 2,915 5,644 5,757
Occupancy expense 244 205 464 409
Equipment expense 198 143 333 280
Professional and director fees 282 308 611 647
Financial institutions and franchise tax expense 171 153 342 306
Marketing and public relations 65 139 193 256
Software expense 259 232 485 450
Debit card expense 146 132 286 259
Amortization of intangible assets 15 16 30 32
FDIC insurance expense 12 48 12 98
Other expenses 641 609 1,316 1,197
Total noninterest expenses 4,709 4,900 9,716 9,691
Income before income taxes 3,227 3,199 6,301 6,358
FEDERAL INCOME TAX PROVISION 621 613 1,212 1,232
NET INCOME $ 2,606 $ 2,586 $ 5,089 $ 5,126
Basic and diluted net earnings per share $ 0.95 $ 0.94 $ 1.86 $ 1.87
Deposit Account [Member]        
NON INTEREST INCOME        
Noninterest income $ 211 $ 313 $ 501 $ 605
Fiduciary and Trust [Member]        
NON INTEREST INCOME        
Noninterest income 196 212 427 436
Debit Card [Member]        
NON INTEREST INCOME        
Noninterest income $ 400 $ 369 $ 776 $ 716