XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Interest income        
Loans $ 22,409 $ 23,554 $ 44,875 $ 46,921
Investment securities 269 384 570 780
Federal funds sold and interest-bearing deposits with banks 53 53 99 155
Total interest income 22,731 23,991 45,544 47,856
Interest expense        
Deposits 920 3,627 2,075 8,802
Borrowings 381 590 766 1,184
Total interest expense 1,301 4,217 2,841 9,986
Net interest income 21,430 19,774 42,703 37,870
Provision for (reversal of) loan losses (1,900) 10,200 (2,200) 16,200
Net interest income after provision for loan losses 23,330 9,574 44,903 21,670
Noninterest income        
Mortgage banking income 1,983 5,776 6,616 8,444
Service fees on deposit accounts 173 197 358 459
ATM and debit card income 521 394 991 793
Income from bank owned life insurance 331 270 598 540
Net lender and referral fees on PPP loans 268 2,247 268 2,247
Other income 346 323 695 642
Total noninterest income 3,622 9,207 9,526 13,125
Noninterest expenses        
Compensation and benefits 6,823 6,393 13,506 12,784
Mortgage production costs 2,264 2,368 5,131 4,175
Occupancy 1,550 1,497 3,187 3,030
Other real estate owned expenses 1 388
Outside service and data processing costs 1,238 1,055 2,380 2,124
Insurance 262 298 563 619
Professional fees 498 475 918 875
Marketing 201 86 383 316
Other 658 472 1,201 1,093
Total noninterest expenses 13,495 12,644 27,657 25,016
Income before income tax expense 13,457 6,137 26,772 9,779
Income tax expense 3,134 1,459 6,083 2,269
Net income available to common shareholders $ 10,323 $ 4,678 $ 20,689 $ 7,510
Earnings per common share        
Basic $ 1.32 $ 0.61 $ 2.65 $ 0.98
Diluted $ 1.29 $ 0.60 $ 2.60 $ 0.96
Weighted average common shares outstanding        
Basic 7,847,516 7,722,419 7,811,217 7,700,508
Diluted 7,987,615 7,818,651 7,948,294 7,822,912