XML 20 R4.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Interest income:    
Loans, including fees $ 62,056 $ 56,298
Taxable securities 7,409 4,888
Tax-exempt securities 2,173 1,977
Federal funds sold 26 16
Other interest income 134 228
Total interest income 71,798 63,407
Interest expense:    
Deposits 4,035 6,768
Securities sold under agreements to repurchase 11 16
Note payable 222 1,348
Subordinated debentures 1,381  
Total interest expense 5,649 8,132
Net interest income 66,149 55,275
Provision for loan losses 4,744 8,615
Net interest income after provision for loan losses 61,405 46,660
Noninterest income:    
Service charges and fees 5,922 5,038
Investment brokerage revenue 285 184
Mortgage operations 7,389 5,284
Bank owned life insurance income 1,139 792
Net gains (losses) on sales of investment securities (608) 87
Other noninterest income 415 420
Total noninterest income 14,542 11,805
Noninterest expense:    
Salaries and employee benefits 27,190 22,127
Occupancy expenses 2,428 2,327
Equipment rentals, depreciation, and maintenance 1,118 1,152
Telephone and communications 662 543
Advertising and business development 764 549
Data processing 3,268 2,788
Foreclosed assets, net (72) 234
Federal deposit insurance and other regulatory assessments 1,298 829
Legal and other professional services 841 762
Other operating expense 6,251 5,469
Total noninterest expense 43,748 36,780
Income before income taxes 32,199 21,685
Provision for income taxes 7,163 4,595
Net income $ 25,036 $ 17,090
Basic net earnings per common share $ 3.83 $ 2.63
Diluted net earnings per common share $ 3.79 $ 2.60