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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest and dividend income:        
Loans $ 10,465 $ 10,474 $ 20,122 $ 19,711
Due from banks interest bearing accounts 509 144 675 292
Investment securities        
Taxable 1,933 1,491 3,661 2,977
Non-taxable 206 140 384 283
Other earning assets 106 103 224 185
Total interest and dividend income 13,219 12,352 25,066 23,448
Interest expense:        
Deposits 211 231 420 455
Total interest expense 211 231 420 455
Net interest income 13,008 12,121 24,646 22,993
Provision for loan losses 300 0 600 300
Net interest income after provision for loan losses 12,708 12,121 24,046 22,693
Non-interest income:        
Service charges on deposit accounts 451 406 894 766
Gains on sales of loans held-for-sale 50 407 118 1,046
Investment and brokerage services income 145 152 306 296
Mortgage brokerage income 11 14 11 14
Loan servicing income 107 105 491 460
Debit card income 657 672 1,280 1,271
Losses on sales/calls of available-for-sale securities (152) (191) (152) (201)
Other income 223 219 462 422
Total non-interest income 1,492 1,784 3,410 4,074
Non-interest expenses:        
Salaries and employee benefits 5,731 5,589 11,414 11,228
Occupancy and equipment 883 879 1,749 1,706
Data processing 836 927 1,675 1,718
Stationery and supplies 64 76 128 133
Advertising 74 84 177 150
Directors' fees 73 84 136 122
Other expense 1,667 1,717 3,151 2,800
Total non-interest expenses 9,328 9,356 18,430 17,857
Income before provision for income taxes 4,872 4,549 9,026 8,910
Provision for income taxes 1,326 1,243 2,439 2,426
Net income $ 3,546 $ 3,306 $ 6,587 $ 6,484
Basic earnings per common share (in dollars per share) $ 0.26 $ 0.23 $ 0.48 $ 0.46
Diluted earnings per common share (in dollars per share) $ 0.26 $ 0.23 $ 0.48 $ 0.45