Fourth quarter net income increased $824 thousand ($0.06 per diluted share), or 11.4percent, set alongside the 4th quarter of 2018, mainly driven by increased net interest earnings fueled by loan development therefore the FDIC tiny bank premium credit, partially offset by a decline in our web interest margin and a rise in salaries and employee advantages cost, occupancy cost, appropriate costs, and merger and purchase costs. Fourth quarter net gain reduced $211 thousand ($0.02 per diluted share), or 2.6%, when compared to 3rd quarter of 2019, because of a decrease in non-interest income, and a rise in salaries and employee advantages cost, partially offset by a rise in web interest earnings driven by loan development, partially offset by way of a 17 basis point reduction in web interest margin. Continue reading