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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
INTEREST INCOME        
Loans receivable, including fees $ 16,859 $ 16,260 $ 49,107 $ 37,711
Securities 1,468 1,031 3,936 3,272
Other 72 18 174 43
Total interest income 18,399 17,309 53,217 41,026
INTEREST EXPENSE        
Deposits 1,167 1,676 3,627 5,096
Short-term borrowings 71 61 214 244
Other borrowings 172 242 559 824
Total interest expense 1,410 1,979 4,400 6,164
NET INTEREST INCOME 16,989 15,330 48,817 34,862
PROVISION FOR LOAN LOSSES 750 1,850 3,750 3,850
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 16,239 13,480 45,067 31,012
OTHER INCOME        
OTHER INCOME 1,824 1,606 5,195 4,057
Net realized gains on sales of securities 35 33 56 71
Gain on sale of loans, net 39 164 177 285
Earnings and proceeds on bank owned life insurance 200 217 767 638
Other 160 152 486 391
Total other income 2,128 2,072 6,304 5,119
OTHER EXPENSES        
Salaries and employee benefits 5,491 4,812 15,616 11,878
Occupancy, furniture & equipment, net 1,163 1,109 3,568 2,983
Data processing and related operations 594 746 1,760 1,649
Taxes, other than income 229 214 763 641
Professional fees 189 292 1,072 735
Federal Deposit Insurance Corporation insurance 177 144 512 186
Foreclosed real estate (15) 31 27 44
Amortization of intangibles 28 35 96 79
Merger related   386   1,983
Other 1,736 1,611 5,122 4,353
Total other expenses 9,592 9,380 28,536 24,531
INCOME BEFORE INCOME TAXES 8,775 6,172 22,835 11,600
INCOME TAX EXPENSE 1,794 1,173 4,558 2,033
NET INCOME $ 6,981 $ 4,999 $ 18,277 $ 9,567
BASIC EARNINGS PER SHARE $ 0.85 $ 0.62 $ 2.23 $ 1.39
DILUTED EARNINGS PER SHARE $ 0.85 $ 0.62 $ 2.23 $ 1.39
Service Charges And Fees [Member]        
OTHER INCOME        
OTHER INCOME $ 1,485 $ 1,301 $ 4,268 $ 3,201
Income From Fiduciary Activities [Member]        
OTHER INCOME        
OTHER INCOME $ 209 $ 205 $ 550 $ 533