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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
INTEREST INCOME        
Loans receivable, including fees $ 15,714 $ 16,102 $ 31,089 $ 32,248
Securities 2,197 1,356 4,091 2,468
Other 182 59 260 102
Total interest income 18,093 17,517 35,440 34,818
INTEREST EXPENSE        
Deposits 1,083 1,205 2,142 2,459
Short-term borrowings 60 73 108 142
Other borrowings 56 186 195 388
Total interest expense 1,199 1,464 2,445 2,989
NET INTEREST INCOME 16,894 16,053 32,995 31,829
PROVISION FOR LOAN LOSSES 300 1,500 600 3,000
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 16,594 14,553 32,395 28,829
OTHER INCOME        
OTHER INCOME 2,023 1,831 5,168 3,371
Net realized gains on sales of securities       21
Gain on sale of loans, net   109   138
Gain on sales of foreclosed real estate owned     427  
Earnings and proceeds on bank owned life insurance 449 194 625 568
Other 351 171 1,414 326
Total other income 2,489 2,187 5,828 4,176
OTHER EXPENSES        
Salaries and employee benefits 5,840 5,171 11,271 10,125
Occupancy, furniture & equipment, net 1,206 1,186 2,513 2,406
Data processing and related operations 666 562 1,295 1,166
Taxes, other than income 240 229 533 534
Professional fees 406 343 981 883
Federal Deposit Insurance Corporation insurance 142 154 326 335
Foreclosed real estate 10 13 63 42
Amortization of intangibles 27 34 54 69
Other 1,935 1,800 3,594 3,384
Total other expenses 10,472 9,492 20,630 18,944
INCOME BEFORE INCOME TAXES 8,611 7,248 17,593 14,061
INCOME TAX EXPENSE 1,756 1,493 3,610 2,765
NET INCOME $ 6,855 $ 5,755 $ 13,983 $ 11,296
BASIC EARNINGS PER SHARE $ 0.84 $ 0.70 $ 1.71 $ 1.38
DILUTED EARNINGS PER SHARE $ 0.84 $ 0.70 $ 1.71 $ 1.38
Service Charges And Fees [Member]        
OTHER INCOME        
OTHER INCOME $ 1,475 $ 1,532 $ 2,946 $ 2,782
Income From Fiduciary Activities [Member]        
OTHER INCOME        
OTHER INCOME $ 214 $ 181 $ 416 $ 341