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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest and dividend income    
Loans, including fees $ 21,673 $ 20,963
Taxable securities 1,416 1,748
Tax-exempt securities 1,512 1,351
Federal funds sold and other 401 522
Total interest and dividend income 25,002 24,584
Interest expense    
Deposits 1,985 1,891
Federal Home Loan Bank advances 581 597
Subordinated debentures 313 372
Securities sold under agreements to repurchase and other 8 5
Total interest expense 2,887 2,865
Net interest income 22,115 21,719
Provision for loan losses 2,126  
Net interest income after provision for loan losses 19,989 21,719
Noninterest income    
Service charges 1,468 1,456
Net gain on sale of securities   4
Net gain (loss) on equity securities (141) 2
Net gain on sale of loans 827 331
ATM/Interchange fees 894 906
Wealth management fees 1,006 847
Bank owned life insurance 250 247
Tax refund processing fees 1,900 2,200
Swap fees 338 73
Other 334 218
Total noninterest income 6,876 6,284
Noninterest expense    
Compensation expense 10,871 9,805
Net occupancy expense 976 1,040
Equipment expense 506 463
Contracted data processing 450 419
FDIC assessment 87 192
State franchise tax 492 401
Professional services 737 694
Amortization of intangible assets 231 240
ATM/Interchange expense 447 378
Marketing 356 340
Software maintenance expense 437 349
Other operating expenses 2,266 2,128
Total noninterest expense 17,856 16,449
Income before taxes 9,009 11,554
Income tax expense 1,176 1,885
Net Income 7,833 9,669
Preferred stock dividends   164
Net income available to common shareholders $ 7,833 $ 9,505
Earnings per common share, basic $ 0.47 $ 0.61
Earnings per common share, diluted $ 0.47 $ 0.57