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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
INTEREST INCOME      
Loans and leases, including fees $ 35,696 $ 32,867 $ 29,722
Securities:      
Taxable 1,938 2,601 2,573
Tax-exempt 2,137 1,704 1,557
Other 259 647 513
Total interest income 40,030 37,819 34,365
INTEREST EXPENSE      
Deposits 3,998 6,440 3,849
Borrowings 2,990 2,484 2,309
Total interest expense 6,988 8,924 6,158
Net interest income 33,042 28,895 28,207
PROVISION FOR LOAN AND LEASE LOSSES 6,200 550 450
Net interest income after provision for loan and lease losses 26,842 28,345 27,757
NON-INTEREST INCOME      
Service charges on deposit accounts 1,102 1,486 1,610
Gain on sale of loans [1] 24,139 9,071 4,675
Net securities gains (losses) [1] 289 4 (6)
Change in fair value of mortgage servicing rights [1] (293) (258) 26
Increase in cash surrender value of life insurance [1] 368 390 395
Other operating income 1,395 4,355 2,728
Total non-interest income 27,000 15,048 9,428
NON-INTEREST EXPENSES      
Salaries, wages and employee benefits 22,127 18,665 15,903
Occupancy expenses 3,630 3,174 3,155
Other operating expenses 11,408 9,278 8,378
Total non-interest expenses 37,165 31,117 27,436
Income before income taxes 16,677 12,276 9,749
PROVISION FOR INCOME TAXES 2,922 1,615 1,529
NET INCOME $ 13,755 $ 10,661 $ 8,220
NET INCOME PER SHARE BASIC (in dollars per share) $ 4.21 $ 3.26 $ 2.51
NET INCOME PER SHARE DILUTED (in dollars per share) $ 4.16 $ 3.25 $ 2.51
[1] Not within the scope of ASC 606