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CONSOLIDATED CONDENSED 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:        
Interest and fees on loans $ 14,548 $ 14,108 $ 28,334 $ 28,643
With a readily determinable fair value 14 13 26 26
Without a readily determinable fair value 5 5 10 11
Taxable 1,254 905 2,349 1,623
Non-taxable 188 218 377 442
Other investments 199 180 234 219
TOTAL INTEREST INCOME 16,208 15,429 31,330 30,964
INTEREST EXPENSE:        
Interest on deposits 775 945 1,514 1,973
Interest on short-term borrowings 163 1 249 2
Interest on long-term debt 103 114 177 248
TOTAL INTEREST EXPENSE 1,041 1,060 1,940 2,223
NET INTEREST INCOME 15,167 14,369 29,390 28,741
PROVISION (CREDIT) FOR LOAN LOSSES 377 (15) 426 (67)
NET INTEREST INCOME AFTER PROVISION (CREDIT) FOR LOAN LOSSES 14,790 14,384 28,964 28,808
NON-INTEREST INCOME:        
Bank owned life insurance income 269 269 534 536
Gains from sales of loans 64 151 188 194
Other operating income 6 640 66 900
TOTAL NON-INTEREST INCOME 3,528 4,314 7,078 7,779
NON-INTEREST EXPENSE:        
Salaries and employee benefits 7,014 7,111 14,229 13,544
Equipment expenses 428 443 836 811
Occupancy expense, net 735 729 1,510 1,523
State financial institutions tax 437 437 873 881
Marketing 368 357 630 625
Amortization of intangibles 112 260 252 517
FDIC insurance premiums, net 134 123 260 236
Contracted services 679 623 1,289 1,163
Profit (Loss) from Real Estate Operations (879) 1 (879) 2
Other non-interest expense 2,441 2,124 4,719 4,398
TOTAL NON-INTEREST EXPENSE 11,469 12,208 23,719 23,700
INCOME BEFORE INCOME TAXES 6,849 6,490 12,323 12,887
PROVISION FOR INCOME TAXES 1,231 1,200 2,182 2,357
NET INCOME $ 5,618 $ 5,290 $ 10,141 $ 10,530
Dividends declared per common share (usd per share) $ 0.20 $ 0.19 $ 0.40 $ 0.38
Earnings per common share:        
Basic (usd per share) 0.49 0.41 0.87 0.82
Diluted (usd per share) $ 0.49 $ 0.41 $ 0.87 $ 0.82
Weighted average common shares outstanding:        
Basic (in shares) 11,337,805 12,743,726 11,576,873 12,769,131
Diluted (in shares) 11,337,805 12,743,726 11,576,873 12,769,146
Fiduciary and Trust        
INTEREST EXPENSE:        
Revenue from Contract with Customer, Excluding Assessed Tax $ 1,643 $ 1,735 $ 3,338 $ 3,264
NON-INTEREST INCOME:        
Revenue from Contract with Customer, Excluding Assessed Tax 1,643 1,735 3,338 3,264
Deposit Account        
INTEREST EXPENSE:        
Revenue from Contract with Customer, Excluding Assessed Tax 1,546 1,519 2,952 2,885
NON-INTEREST INCOME:        
Revenue from Contract with Customer, Excluding Assessed Tax $ 1,546 $ 1,519 $ 2,952 $ 2,885