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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - 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, including fees $ 15,861 $ 14,138 $ 45,360 $ 37,342
Investment securities 180 173 545 692
Interest-bearing deposits in other financial institutions 105 99 288 358
Total interest and dividend income 16,146 14,410 46,193 38,392
Interest expense:        
Deposits 829 1,067 2,669 4,779
Other borrowed funds 471 425 1,402 968
Total interest expense 1,300 1,492 4,071 5,747
Net interest income 14,846 12,918 42,122 32,645
Less: Provision for loan losses 406 1,496 418 3,987
Net interest income, after provision for loan losses 14,440 11,422 41,704 28,658
Non-interest income:        
Trust and investment management fees 5,167 4,814 15,023 14,154
Net gain on mortgage loans 4,480 12,304 13,590 24,958
Bank fees 458 340 1,225 929
Risk management and insurance fees 301 483 444 912
Income on company-owned life insurance 89 91 266 273
Other     60  
Total non-interest income 10,495 18,032 30,608 41,226
Total income before non-interest expense 24,935 29,454 72,312 69,884
Non-interest expense:        
Salaries and employee benefits 10,229 10,212 29,733 25,384
Occupancy and equipment 1,550 1,619 4,402 4,574
Professional services 1,660 1,288 4,309 3,542
Technology and information systems 945 1,032 2,791 2,994
Data processing 912 1,038 3,020 2,922
Marketing 397 395 1,116 1,063
Amortization of other intangible assets 5 4 13 44
Net loss on assets held for sale       553
Provision for other real estate owned   100   100
Other 771 944 2,235 2,747
Total non-interest expense 16,469 16,632 47,619 43,923
Income before income taxes 8,466 12,822 24,693 25,961
Income tax expense 2,049 3,192 6,000 6,301
Net income available to common shareholders $ 6,417 $ 9,630 $ 18,693 $ 19,660
Earnings per common share:        
Basic $ 0.80 $ 1.22 $ 2.35 $ 2.49
Diluted $ 0.78 $ 1.20 $ 2.28 $ 2.47