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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
INTEREST INCOME        
Loans receivable, including fees $ 17,114 $ 16,859 $ 48,203 $ 49,107
Securities 2,473 1,468 6,564 3,936
Other 245 72 504 174
Total interest income 19,832 18,399 55,271 53,217
INTEREST EXPENSE        
Deposits 1,557 1,167 3,699 3,627
Short-term borrowings 88 71 196 214
Other borrowings 17 172 212 559
Total interest expense 1,662 1,410 4,107 4,400
NET INTEREST INCOME 18,170 16,989 51,164 48,817
PROVISION FOR LOAN LOSSES   750 600 3,750
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 18,170 16,239 50,564 45,067
OTHER INCOME        
OTHER INCOME 1,886 1,855 7,055 5,226
Net realized gains on sales of securities   35   56
Gain on sale of loans, net 1 39 1 177
Gain on sales of foreclosed real estate owned   31 427 31
Earnings and proceeds on bank owned life insurance 267 200 892 767
Other 345 160 1,760 486
Total other income 2,178 2,159 8,006 6,335
OTHER EXPENSES        
Salaries and employee benefits 5,553 5,491 16,824 15,616
Occupancy, furniture & equipment, net 1,191 1,163 3,704 3,568
Data processing and related operations 736 594 2,031 1,760
Taxes, other than income 240 229 773 763
Professional fees 354 189 1,336 1,072
Federal Deposit Insurance Corporation insurance 143 177 468 512
Foreclosed real estate 4 16 66 58
Amortization of intangibles 24 28 78 96
Other 1,894 1,736 5,488 5,122
Total other expenses 10,139 9,623 30,768 28,567
INCOME BEFORE INCOME TAXES 10,209 8,775 27,802 22,835
INCOME TAX EXPENSE 2,100 1,794 5,709 4,558
NET INCOME $ 8,109 $ 6,981 $ 22,093 $ 18,277
BASIC EARNINGS PER SHARE $ 1.00 $ 0.85 $ 2.71 $ 2.23
DILUTED EARNINGS PER SHARE $ 1.00 $ 0.85 $ 2.71 $ 2.23
Service Charges And Fees [Member]        
OTHER INCOME        
OTHER INCOME $ 1,346 $ 1,485 $ 4,292 $ 4,268
Income From Fiduciary Activities [Member]        
OTHER INCOME        
OTHER INCOME $ 219 $ 209 $ 634 $ 550