| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | ||
|---|---|---|---|---|---|---|
Interest and dividend income: | ||||||
Interest and fees on loans | ||||||
11,540 | 10,229 | 8,677 | 7,291 | 6,857 | ||
Securities: | ||||||
Residential mortgage-backed and related securities | ||||||
295 | 281 | 435 | 545 | 630 | ||
State and municipal securities | ||||||
399 | 408 | 477 | 537 | 567 | ||
Dividends on non-marketable equity securities | ||||||
25 | 24 | 12 | 11 | 8 | ||
Interest-bearing deposits | ||||||
255 | 155 | 30 | 36 | 14 | ||
Total interest and dividend income | ||||||
12,517 | 11,099 | 9,633 | 8,422 | 8,078 | ||
Interest expense: | ||||||
Deposits | ||||||
2,822 | 1,762 | 963 | 820 | 864 | ||
Borrowings | ||||||
277 | 218 | 81 | 36 | 42 | ||
Total interest expense | ||||||
3,099 | 1,980 | 1,044 | 856 | 907 | ||
Net interest income | ||||||
9,417 | 9,118 | 8,589 | 7,566 | 7,171 | ||
Provision for loan losses | ||||||
595 | 527 | 575 | 442 | 270 | ||
Net interest income after provision for loan losses | ||||||
8,822 | 8,590 | 8,014 | 7,124 | 6,901 | ||
Other income: | ||||||
Gain on sale of securities | ||||||
- | - | - | 8 | 37 | ||
Gain on sale of loans | ||||||
759 | 584 | 696 | 509 | 227 | ||
Gain on sale of foreclosed real estate | ||||||
16 | 116 | 44 | 188 | - | ||
Gain on sale of OREO | ||||||
- | - | - | - | 227 | ||
Gain on sale of repossessed assets | ||||||
- | - | 14 | 10 | 10 | ||
Loan origination and servicing income | ||||||
949 | 858 | 633 | 364 | 323 | ||
Origination of mortgage servicing rights, net of amortization | ||||||
87 | 22 | 71 | 65 | 14 | ||
Customer service fees | ||||||
- | - | - | 441 | 448 | ||
Increase in cash surrender value of life insurance | ||||||
48 | 47 | 48 | 50 | 47 | ||
Other | ||||||
- | - | 115 | 110 | 171 | ||
Total other income | ||||||
2,470 | 2,282 | 2,108 | 1,748 | 1,508 | ||
Other expenses: | ||||||
Salaries and employee benefits | ||||||
4,729 | 4,295 | 4,303 | 3,681 | 3,082 | ||
Directors fees | ||||||
172 | 180 | 163 | 163 | 163 | ||
Occupancy | ||||||
683 | 637 | 644 | 636 | 656 | ||
Deposit insurance premium | ||||||
33 | 66 | 57 | 113 | 179 | ||
Legal and professional services | ||||||
326 | 388 | 360 | 308 | 353 | ||
Data processing | ||||||
682 | 664 | 593 | 529 | 1,423 | ||
Loss on sale of securities | ||||||
- | - | -29 | -3 | -33 | ||
Loan expense | ||||||
718 | 725 | 592 | 446 | 349 | ||
Valuation adjustments and expenses on foreclosed real estate | ||||||
34 | 26 | 11 | 104 | 171 | ||
Loss on sale of OREO | ||||||
- | - | - | 4 | 23 | ||
Loss on sale of repossessed assets | ||||||
- | - | - | 4 | 15 | ||
Other | ||||||
1,250 | 1,216 | 1,048 | 1,014 | 942 | ||
Total other expenses | ||||||
8,630 | 8,200 | 7,804 | 7,011 | 7,393 | ||
Income before income tax expense | ||||||
2,662 | 2,673 | 2,317 | 1,860 | 1,016 | ||
Income tax expense | ||||||
725 | 679 | 1,503 | 599 | 245 | ||
Net income | ||||||
1,937 | 1,994 | 814 | 1,261 | 770 | ||
Basic earnings per share (in dollars per share) | ||||||
0.62 | 0.62 | 0.25 | 0.43 | 0.27 | ||
Diluted earnings per share (in dollars per share) | ||||||
0.62 | 0.62 | 0.25 | 0.42 | 0.27 | ||
Dividends per share (in dollars per share) | ||||||
0.62 | 0.26 | 0.16 | 0.00 | - | ||
Bank Servicing [Member] | ||||||
Revenue from contract with customer | ||||||
472 | 527 | 482 | - | - | ||
Revenue from contract with customer | ||||||
472 | 527 | - | - | - | ||
Repossessed Assets [Member] | ||||||
Revenue from contract with customer | ||||||
18 | 4 | - | - | - | ||
Revenue from contract with customer | ||||||
18 | 4 | - | - | - | ||
Product and Service, Other [Member] | ||||||
Revenue from contract with customer | ||||||
118 | 119 | - | - | - | ||
Revenue from contract with customer | ||||||
118 | 119 | - | - | - | ||