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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
INTEREST INCOME      
Loans, including fees $ 33,720 $ 35,696 $ 32,867
Securities:      
Taxable 1,977 1,938 2,601
Tax-exempt 2,856 2,137 1,704
Other 251 259 647
Total interest income 38,804 40,030 37,819
INTEREST EXPENSE      
Deposits 2,281 3,998 6,440
Borrowings 788 2,990 2,484
Total interest expense 3,069 6,988 8,924
Net interest income 35,735 33,042 28,895
PROVISION FOR LOAN LOSSES 300 6,200 550
Net interest income after provision for loan losses 35,435 26,842 28,345
NON-INTEREST INCOME      
Service charges on deposit accounts 1,090 1,102 1,486
Gain on sale of loans [1] 13,468 24,139 9,071
Net securities gains (losses) [1] (16) 289 4
Change in fair value of mortgage servicing rights [1] 295 (293) (258)
Increase in cash surrender value of life insurance [1] 402 368 390
Other operating income 2,107 1,395 4,355
Total non-interest income 17,346 27,000 15,048
NON-INTEREST EXPENSES      
Salaries, wages and employee benefits 20,702 22,127 18,665
Occupancy expenses 4,485 3,630 3,174
Other operating expenses 11,519 11,408 9,278
Total non-interest expenses 36,706 37,165 31,117
Income before income taxes 16,075 16,677 12,276
PROVISION FOR INCOME TAXES 2,494 2,922 1,615
NET INCOME $ 13,581 $ 13,755 $ 10,661
NET INCOME PER SHARE BASIC (in dollars per share) $ 4,140 $ 4,210 $ 3,260
NET INCOME PER SHARE DILUTED (in dollars per share) $ 4,070.00 $ 4,160 $ 3,250
[1] Not within the scope of ASC 606