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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
INTEREST INCOME        
Loans, including fees $ 10,208 $ 10,074 $ 20,336 $ 20,264
Paycheck Protection Program loans, including fees 458 238 1,558 238
Securities, taxable 629 358 955 735
Securities, non-taxable 238 195 444 407
Short-term investments, including federal funds sold 31 27 60 103
Total Interest Income 11,564 10,892 23,353 21,747
INTEREST EXPENSE        
Deposits 994 1,594 2,087 3,589
Securities sold under agreements to repurchase and federal funds purchased 2 3 4 13
Short-term borrowings       51
Long-term borrowings 27 27 54 35
Paycheck Protection Program Liquidity Facility borrowings   24 15 24
Total Interest Expense 1,023 1,648 2,160 3,712
Net Interest Income 10,541 9,244 21,193 18,035
PROVISION FOR LOAN LOSSES 125 650 590 970
Net Interest Income after Provision for Loan Losses 10,416 8,594 20,603 17,065
OTHER NON-INTEREST INCOME        
Merchant and credit card processing fees 81 43 150 120
Debit card interchange fees 228 145 413 278
Other service fees 117 67 223 184
Bank owned life insurance 195 324 343 297
Gain on sale of securities   128 24 128
Gain on sale of loans   59   59
Total Other Non-Interest Income 621 766 1,153 1,066
OTHER NON-INTEREST EXPENSES        
Salaries and employee benefits 2,954 2,669 5,838 5,508
Occupancy and equipment 900 795 1,819 1,653
Data processing 732 623 1,398 1,259
Merchant and credit card processing 2 13 4 43
Advertising and promotion 245 274 431 570
Professional fees 229 210 437 446
FDIC insurance 140 97 263 148
Loan & real estate 97 51 172 119
Charitable contributions 197 183 391 472
Other 454 383 882 812
Total Other Non-Interest Expenses 5,950 5,298 11,635 11,030
Income Before Income Taxes 5,087 4,062 10,121 7,101
INCOME TAX EXPENSE 980 745 1,970 1,327
Net Income $ 4,107 $ 3,317 $ 8,151 $ 5,774
BASIC EARNINGS PER SHARE $ 0.55 $ 0.44 $ 1.08 $ 0.77
DILUTED EARNINGS PER SHARE 0.54 0.44 1.08 0.77
DIVIDENDS PER SHARE $ 0.30 $ 0.22 $ 0.30 $ 0.22