XML 20 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Interest income:    
Interest and fees on loans $ 53,109 $ 48,579
Taxable securities 1,406 1,223
Tax-exempt securities 278 200
Interest-earning deposits 107 113
Other 108 216
Total interest income 55,008 50,331
Interest expense:    
Deposits 3,260 7,414
Federal Home Loan Bank advances 130 161
Junior subordinated notes 1,727 1,035
Other borrowings 1 7
Total interest expense 5,118 8,617
Net interest income 49,890 41,714
Provision for loan losses 1,270 3,073
Net interest income after provision for loan losses 48,620 38,641
Noninterest income:    
Service charges on deposit accounts 1,244 983
Gain (loss) on sale of investment securities available for sale (819) 392
Net gain on sale of loan portfolio 1,227
Net gain on settlement of litigation 828
Bank owned life insurance 344 414
Net gain on sale of premises and equipment 26 14
Other 959 749
Total noninterest income 3,809 2,552
Noninterest expenses:    
Compensation and employee benefits 21,131 20,371
Net occupancy 2,309 2,186
Federal deposit insurance 634 522
Professional and advisory 1,139 1,328
Data processing 2,021 1,880
Marketing and advertising 185 163
Net cost of operation of real estate owned 90 371
Other 3,632 3,225
Total noninterest expenses 31,141 30,046
Income before taxes 21,288 11,147
Income tax expense 5,174 2,502
Net income 16,114 8,645
Preferred stock dividends (120) (97)
Net income applicable to common shareholders $ 15,994 $ 8,548
Earnings per common share:    
Basic $ 2.95 $ 1.57
Diluted $ 2.88 $ 1.55
Weighted average common shares outstanding:    
Basic 5,157,858 5,215,182
Diluted 5,287,413 5,273,350