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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest and dividend income:        
Loans $ 10,857 $ 9,905 $ 30,979 $ 29,616
Due from banks interest bearing accounts 1,118 211 1,793 503
Investment securities        
Taxable 2,122 1,635 5,783 4,612
Non-taxable 250 153 634 436
Other earning assets 137 104 361 289
Total interest and dividend income 14,484 12,008 39,550 35,456
Interest expense:        
Deposits 271 231 691 686
Total interest expense 271 231 691 686
Net interest income 14,213 11,777 38,859 34,770
Provision (reversal of provision) for loan losses 300 (1,800) 900 (1,500)
Net interest income after provision for loan losses 13,913 13,577 37,959 36,270
Non-interest income:        
Service charges on deposit accounts 414 437 1,308 1,203
Gains on sales of loans held-for-sale 27 305 145 1,351
Investment and brokerage services income 137 174 443 470
Mortgage brokerage income 10 53 21 67
Loan servicing income 78 78 569 538
Debit card income 635 658 1,915 1,929
Losses on sales/calls of available-for-sale securities 0 (20) (152) (221)
Other income 769 223 1,231 645
Total non-interest income 2,070 1,908 5,480 5,982
Non-interest expenses:        
Salaries and employee benefits 6,164 5,995 17,578 17,223
Occupancy and equipment 896 841 2,645 2,547
Data processing 912 839 2,587 2,557
Stationery and supplies 75 60 203 193
Advertising 99 100 276 250
Directors' fees 60 88 196 210
Other expense 1,703 1,311 4,854 4,111
Total non-interest expenses 9,909 9,234 28,339 27,091
Income before provision for income taxes 6,074 6,251 15,100 15,161
Provision for income taxes 1,506 1,742 3,945 4,168
Net income $ 4,568 $ 4,509 $ 11,155 $ 10,993
Basic earnings per common share (in dollars per share) $ 0.33 $ 0.32 $ 0.81 $ 0.78
Diluted earnings per common share (in dollars per share) $ 0.33 $ 0.32 $ 0.8 $ 0.77