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CONSOLIDATED CONDENSED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
INTEREST INCOME:        
Interest and fees on loans $ 14,108 $ 14,822 $ 28,643 $ 30,049
With a readily determinable fair value 13 13 26 27
Without a readily determinable fair value 5 12 11 28
Taxable 905 667 1,623 1,617
Non-taxable 218 254 442 539
Other investments 180 189 219 253
TOTAL INTEREST INCOME 15,429 15,957 30,964 32,513
INTEREST EXPENSE:        
Interest on deposits 945 1,732 1,973 3,849
Interest on short-term borrowings 1 0 2 7
Interest on long-term debt 114 227 248 481
TOTAL INTEREST EXPENSE 1,060 1,959 2,223 4,337
NET INTEREST INCOME 14,369 13,998 28,741 28,176
(CREDIT) PROVISION FOR LOAN LOSSES (15) 16 (67) 1,189
NET INTEREST INCOME AFTER (CREDIT) PROVISION FOR LOAN LOSSES 14,384 13,982 28,808 26,987
NON-INTEREST INCOME:        
Realized gain from sales of debt securities, available-for-sale 0 0 0 (221)
Bank owned life insurance income 269 287 536 888
Gains from sales of loans 151 317 194 437
Other operating income 640 277 900 776
TOTAL NON-INTEREST INCOME 4,314 3,319 7,779 7,158
NON-INTEREST EXPENSE:        
Salaries and employee benefits 7,111 6,648 13,544 13,416
Equipment expenses 443 289 811 576
Occupancy expense, net 729 723 1,523 1,405
State financial institutions tax 437 420 881 856
Marketing 357 258 625 435
Amortization of intangibles 260 260 517 520
FDIC insurance premiums, net 123 31 236 30
Contracted services 623 475 1,163 877
Other non-interest expense 2,125 2,012 4,400 4,073
TOTAL NON-INTEREST EXPENSE 12,208 11,116 23,700 22,188
INCOME BEFORE INCOME TAXES 6,490 6,185 12,887 11,957
PROVISION FOR INCOME TAXES 1,200 1,128 2,357 1,874
NET INCOME $ 5,290 $ 5,057 $ 10,530 $ 10,083
Dividends declared per common share (usd per share) $ 0.19 $ 0.18 $ 0.38 $ 0.36
Earnings per common share:        
Basic (usd per share) 0.41 0.39 0.82 0.78
Diluted (usd per share) $ 0.41 $ 0.39 $ 0.82 $ 0.78
Weighted average common shares outstanding:        
Basic (in shares) 12,743,726 12,940,975 12,769,131 12,933,528
Diluted (in shares) 12,743,726 12,941,001 12,769,146 12,934,158
Fiduciary and Trust        
INTEREST EXPENSE:        
Revenue from Contract with Customer, Excluding Assessed Tax $ 1,735 $ 1,201 $ 3,264 $ 2,304
NON-INTEREST INCOME:        
Revenue from Contract with Customer, Excluding Assessed Tax 1,735 1,201 3,264 2,304
Deposit Account        
INTEREST EXPENSE:        
Revenue from Contract with Customer, Excluding Assessed Tax 1,519 1,237 2,885 2,532
NON-INTEREST INCOME:        
Revenue from Contract with Customer, Excluding Assessed Tax $ 1,519 $ 1,237 $ 2,885 $ 2,532