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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Interest and dividend income:        
Loans $ 9,905 $ 10,815 $ 29,616 $ 29,752
Due from banks interest bearing accounts 211 160 503 852
Investment securities        
Taxable 1,635 1,500 4,612 4,924
Non-taxable 153 131 436 355
Other earning assets 104 82 289 289
Total interest and dividend income 12,008 12,688 35,456 36,172
Interest expense:        
Deposits 231 314 686 1,217
Total interest expense 231 314 686 1,217
Net interest income 11,777 12,374 34,770 34,955
(Reversal of) provision for loan losses (1,800) 800 (1,500) 2,250
Net interest income after (reversal of) provision for loan losses 13,577 11,574 36,270 32,705
Non-interest income:        
Service charges on deposit accounts 437 325 1,203 980
Gains on sales of loans held-for-sale 305 834 1,351 1,584
Investment and brokerage services income 174 138 470 422
Mortgage brokerage income 53 0 67 54
Loan servicing income 78 50 538 178
Debit card income 658 581 1,929 1,588
(Losses) gains on sales/calls of available-for-sale securities (20) 254 (221) 296
Other income 223 207 645 584
Total non-interest income 1,908 2,389 5,982 5,686
Non-interest expenses:        
Salaries and employee benefits 5,995 6,049 17,223 17,212
Occupancy and equipment 841 935 2,547 2,722
Data processing 839 640 2,557 1,968
Stationery and supplies 60 66 193 220
Advertising 100 131 250 304
Directors' fees 88 103 210 224
Other real estate owned recovery 0 0 0 (1)
Other expense 1,311 1,326 4,111 3,678
Total non-interest expenses 9,234 9,250 27,091 26,327
Income before provision for income taxes 6,251 4,713 15,161 12,064
Provision for income taxes 1,742 1,288 4,168 3,255
Net income $ 4,509 $ 3,425 $ 10,993 $ 8,809
Basic earnings per common share (in dollars per share) $ 0.34 $ 0.25 $ 0.82 $ 0.65
Diluted earnings per common share (in dollars per share) $ 0.33 $ 0.25 $ 0.81 $ 0.65