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Unaudited Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest income:        
Loans, including fees $ 16,839 $ 15,476 $ 32,310 $ 31,029
Taxable securities 3,399 1,663 6,572 3,026
Nontaxable securities 425 534 927 1,070
Federal funds sold   7 2 14
Other interest income 60 32 85 61
Total interest income 20,723 17,712 39,896 35,200
Interest expense:        
Deposits 773 1,039 1,588 2,158
Short-term borrowings 7 2 11 5
Federal Home Loan Bank advances 41   41  
Subordinated debentures 418 423 837 529
Note payable       242
Total interest expense 1,239 1,464 2,477 2,934
Net interest income 19,484 16,248 37,419 32,266
Provision for loan losses 930 1,185 930 2,371
Net interest income after provision for loan losses 18,554 15,063 36,489 29,895
Noninterest income:        
Service charges and fees 1,731 1,444 3,334 2,786
Investment brokerage revenue 260 62 403 125
Mortgage operations 1,402 1,560 3,301 3,408
Bank owned life insurance income 307 274 610 543
Net (loss) gain on sales of investment securities (678)   (1,266) 7
Other noninterest income 276 85 423 216
Total noninterest income 3,298 3,425 6,805 7,085
Noninterest expense:        
Salaries and employee benefits 7,483 6,649 14,490 12,564
Occupancy expenses 645 604 1,290 1,178
Equipment rentals, depreciation, and maintenance 363 289 679 564
Telephone and communications 125 136 211 313
Advertising and business development 225 176 376 312
Data processing 873 765 1,722 1,429
Foreclosed assets, net (40) 45 (42) 86
Federal deposit insurance and other regulatory assessments 289 256 654 549
Legal and other professional services 296 344 607 623
Other operating expenses 1,897 1,519 3,571 2,959
Total noninterest expense 12,156 10,783 23,558 20,577
Income before income taxes 9,696 7,705 19,736 16,403
Provision for income taxes 2,188 1,677 4,474 3,588
Net income $ 7,508 $ 6,028 $ 15,262 $ 12,815
Basic net earnings per common share $ 1.13 $ 0.92 $ 2.30 $ 1.96
Diluted net earnings per common share $ 1.11 $ 0.91 2.27 1.94
Dividends per common share     $ 0.44 $ 0.40