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CONDENSED 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 and dividend income:        
Loans $ 10,474 $ 9,702 $ 19,711 $ 18,937
Due from banks interest bearing accounts 144 159 292 692
Investment securities        
Taxable 1,491 1,667 2,977 3,424
Non-taxable 140 124 283 224
Other earning assets 103 83 185 207
Total interest and dividend income 12,352 11,735 23,448 23,484
Interest expense:        
Deposits 231 385 455 903
Total interest expense 231 385 455 903
Net interest income 12,121 11,350 22,993 22,581
Provision for loan losses 0 800 300 1,450
Net interest income after provision for loan losses 12,121 10,550 22,693 21,131
Non-interest income:        
Service charges on deposit accounts 406 219 766 655
Gains on sales of loans held-for-sale 407 586 1,046 750
Investment and brokerage services income 152 126 296 284
Mortgage brokerage income 14 19 14 54
Loan servicing income 105 5 460 128
Debit card income 672 507 1,271 1,007
(Losses) gains on sales/calls of available-for-sale securities (191) 4 (201) 42
Other income 219 182 422 377
Total non-interest income 1,784 1,648 4,074 3,297
Non-interest expenses:        
Salaries and employee benefits 5,589 5,411 11,228 11,163
Occupancy and equipment 879 892 1,706 1,787
Data processing 927 713 1,718 1,328
Stationery and supplies 76 75 133 154
Advertising 84 103 150 173
Directors' fees 84 77 122 121
Other real estate owned recovery 0 (1) 0 (1)
Other expense 1,717 1,237 2,800 2,352
Total non-interest expenses 9,356 8,507 17,857 17,077
Income before provision for income taxes 4,549 3,691 8,910 7,351
Provision for income taxes 1,243 986 2,426 1,967
Net income $ 3,306 $ 2,705 $ 6,484 $ 5,384
Basic earnings per common share (in dollars per share) $ 0.24 $ 0.20 $ 0.48 $ 0.40
Diluted earnings per common share (in dollars per share) $ 0.24 $ 0.20 $ 0.47 $ 0.40