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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        
Interest and fees on loans and loans held for sale $ 19,807 $ 18,963 $ 38,075 $ 38,387
Interest on investment securities available for sale 1,926 815 3,061 1,593
Dividends on marketable equity securities 113 126 225 213
Interest on investment securities held to maturity 352 265 625 511
Dividends on Federal Home Loan Bank stock 28 23 56 46
Interest on deposits in other banks 766 61 1,008 99
Total Interest and Dividend Income 22,992 20,253 43,050 40,849
Interest Expense        
Interest expense on deposits 599 879 1,174 1,828
Interest expense on borrowings 87 88 173 148
Interest expense on junior subordinated debentures 94 94 187 188
Total Interest Expense 780 1,061 1,534 2,164
Net Interest Income 22,212 19,192 41,516 38,685
Provision (benefit) for credit losses 463 (427) 313 (1,915)
Net Interest Income After Provision (Benefit) for Credit Losses 21,749 19,619 41,203 40,600
Other Operating Income        
Mortgage banking income 5,900 11,360 12,882 24,982
Purchased receivable income 566 575 968 1,107
Gain on sale of marketable equity securities, net 0 31 0 31
Keyman life insurance proceeds 0 0 2,002 0
Unrealized (loss) gain on marketable equity securities (810) 178 (1,232) 94
Other income 822 801 1,503 1,597
Total Other Operating Income 7,807 14,132 18,630 30,028
Other Operating Expense        
Salaries and other personnel expense 15,401 14,917 29,507 29,645
Data processing expense 2,311 2,206 4,303 4,241
Occupancy expense 1,748 1,869 3,474 3,529
Marketing expense 814 672 1,239 1,076
Professional and outside services 708 642 1,430 1,266
Insurance expense 516 329 1,082 643
OREO expense, net rental income and gains on sale 19 47 7 11
Intangible asset amortization expense 6 9 12 18
Other operating expense 1,715 1,645 3,285 3,234
Total Other Operating Expense 23,238 22,336 44,339 43,663
Income Before Provision for Income Taxes 6,318 11,415 15,494 26,965
Provision for income taxes 1,523 3,070 3,473 6,439
Net Income $ 4,795 $ 8,345 $ 12,021 $ 20,526
Earnings Per Share, Basic (in USD per share) $ 0.83 $ 1.34 $ 2.05 $ 3.30
Earnings Per Share, Diluted (in USD per share) $ 0.83 $ 1.33 $ 2.03 $ 3.27
Weighted Average Shares Outstanding, Basic (in shares) 5,750,873 6,206,913 5,844,455 6,213,392
Weighted Average Shares Outstanding, Diluted (in shares) 5,805,870 6,277,265 5,902,287 6,280,369
Bankcard fees        
Other Operating Income        
Bankcard fees and Service charges on deposit accounts $ 927 $ 879 $ 1,731 $ 1,619
Service charges on deposit accounts        
Other Operating Income        
Bankcard fees and Service charges on deposit accounts $ 402 $ 308 $ 776 $ 598