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CONSOLIDATED CONDENSED 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:        
Interest and fees on loans $ 15,026 $ 13,729 $ 43,360 $ 42,372
With a readily determinable fair value 14 12 40 38
Without a readily determinable fair value 6 5 16 16
Taxable 1,323 1,027 3,672 2,650
Non-taxable 190 214 567 656
Other investments 145 37 379 256
TOTAL INTEREST INCOME 16,704 15,024 48,034 45,988
INTEREST EXPENSE:        
Interest on deposits 979 836 2,493 2,809
Interest on short-term borrowings 71 2 320 4
Interest on long-term debt 210 113 387 361
TOTAL INTEREST EXPENSE 1,260 951 3,200 3,174
NET INTEREST INCOME 15,444 14,073 44,834 42,814
PROVISION FOR (RECOVERY OF) LOAN LOSSES (157) 306 269 239
NET INTEREST INCOME AFTER PROVISION FOR (RECOVERY OF) LOAN LOSSES 15,601 13,767 44,565 42,575
NON-INTEREST INCOME:        
Bank owned life insurance income 269 269 803 805
Gains from sales of loans 0 366 188 560
Other operating income 93 155 159 1,055
TOTAL NON-INTEREST INCOME 3,581 4,106 10,659 11,885
NON-INTEREST EXPENSE:        
Salaries and employee benefits 7,062 7,096 21,291 20,640
Equipment expenses 398 421 1,234 1,232
Occupancy expense, net 790 713 2,300 2,236
State financial institutions tax 439 437 1,312 1,318
Marketing 215 253 845 878
Amortization of intangibles 113 263 365 780
FDIC insurance premiums, net 137 129 397 365
Contracted services 613 655 1,902 1,818
Profit (Loss) from Real Estate Operations 5 0 (874) 2
Other non-interest expense 2,578 2,062 7,297 6,460
TOTAL NON-INTEREST EXPENSE 12,350 12,029 36,069 35,729
INCOME BEFORE INCOME TAXES 6,832 5,844 19,155 18,731
PROVISION FOR INCOME TAXES 1,253 1,027 3,435 3,384
NET INCOME $ 5,579 $ 4,817 $ 15,720 $ 15,347
Dividends declared per common share (usd per share) $ 0.20 $ 0.19 $ 0.60 $ 0.57
Earnings per common share:        
Basic (usd per share) 0.49 0.39 1.36 1.21
Diluted (usd per share) $ 0.49 $ 0.39 $ 1.36 $ 1.21
Weighted average common shares outstanding:        
Basic (in shares) 11,284,225 12,455,276 11,478,256 12,663,368
Diluted (in shares) 11,284,225 12,455,276 11,478,256 12,663,378
Fiduciary and Trust        
INTEREST EXPENSE:        
Revenue from Contract with Customer, Excluding Assessed Tax $ 1,513 $ 1,695 $ 4,851 $ 4,959
NON-INTEREST INCOME:        
Revenue from Contract with Customer, Excluding Assessed Tax 1,513 1,695 4,851 4,959
Deposit Account        
INTEREST EXPENSE:        
Revenue from Contract with Customer, Excluding Assessed Tax 1,706 1,621 4,658 4,506
NON-INTEREST INCOME:        
Revenue from Contract with Customer, Excluding Assessed Tax $ 1,706 $ 1,621 $ 4,658 $ 4,506