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Unaudited 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 $ 15,476 $ 14,233 $ 31,029 $ 26,957
Taxable securities 1,663 1,293 3,026 2,724
Nontaxable securities 534 498 1,070 934
Federal funds sold 7   14  
Other interest income 32 45 61 175
Total interest income 17,712 16,069 35,200 30,790
Interest expense:        
Deposits 1,039 1,713 2,158 3,779
Short-term borrowings 2 5 5 12
Subordinated debentures 423   529  
Note payable   341 242 696
Total interest expense 1,464 2,059 2,934 4,487
Net interest income 16,248 14,010 32,266 26,303
Provision for loan losses 1,185 3,566 2,371 4,882
Net interest income after provision for loan losses 15,063 10,444 29,895 21,421
Noninterest income:        
Service charges and fees 1,444 1,102 2,786 2,404
Investment brokerage revenue 62 50 125 85
Mortgage operations 1,560 1,628 3,408 2,362
Bank owned life insurance income 274 199 543 398
Net gain (loss) on sale of investment securities   (2) 7 (48)
Other noninterest income 85 90 216 227
Total noninterest income 3,425 3,067 7,085 5,428
Noninterest expense:        
Salaries and employee benefits 6,649 5,458 12,564 10,537
Occupancy expenses 604 586 1,178 1,167
Equipment rentals, depreciation, and maintenance 289 284 564 582
Telephone and communications 136 128 313 245
Advertising and business development 176 73 312 216
Data processing 765 734 1,429 1,474
Foreclosed assets, net 45 33 86 120
Federal deposit insurance and other regulatory assessments 256 157 549 283
Legal and other professional services 344 218 623 407
Other operating expenses 1,519 1,299 2,959 2,645
Total noninterest expense 10,783 8,970 20,577 17,676
Income before income taxes 7,705 4,541 16,403 9,173
Provision for income taxes 1,677 926 3,588 1,853
Net income $ 6,028 $ 3,615 $ 12,815 $ 7,320
Basic net earnings per common share $ 0.92 $ 0.56 $ 1.96 $ 1.13
Diluted net earnings per common share $ 0.91 $ 0.55 1.94 1.11
Dividends per common share     $ 0.40 $ 0.36