XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest and dividend income:    
Loans, including fees $ 19,096 $ 14,212
Investment securities 337 196
Interest-bearing deposits in other financial institutions 232 91
Total interest and dividend income 19,665 14,499
Interest expense:    
Deposits 943 974
Other borrowed funds 438 472
Total interest expense 1,381 1,446
Net interest income 18,284 13,053
Less: Provision for loan losses 210  
Net interest income, after provision for loan losses 18,074 13,053
Non-interest income:    
Trust and investment management fees 5,168 4,847
Net gain on mortgage loans 2,494 5,196
Bank fees 690 373
Risk management and insurance fees 109 51
Income on company-owned life insurance 86 88
Net gain on equity interests 1  
Other 85 60
Total non-interest income 8,633 10,615
Total income before non-interest expense 26,707 23,668
Non-interest expense:    
Salaries and employee benefits 12,058 9,861
Occupancy and equipment 1,882 1,409
Professional services 1,526 1,279
Technology and information systems 1,046 942
Data processing 1,187 1,015
Marketing 557 321
Amortization of other intangible assets 77 4
Net (gain)/loss on assets held for sale (1)  
Other 1,059 798
Total non-interest expense 19,391 15,629
Income before income taxes 7,316 8,039
Income tax expense 1,792 2,040
Net income available to common shareholders $ 5,524 $ 5,999
Earnings per common share:    
Basic $ 0.59 $ 0.76
Diluted $ 0.57 $ 0.74