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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Interest income        
Loans and fees on loans $ 8,080 $ 7,440 $ 15,833 $ 14,859
Interest-bearing deposits in banks 29 26 66 153
Federal funds sold 0 0 0 3
Interest on taxable securities 353 150 594 321
Interest on nontaxable securities 13 5 22 5
Dividends 46 50 58 68
Interest and Dividend Income, Operating, Total 8,521 7,671 16,573 15,409
Interest expense        
Deposits 612 827 1,301 1,660
Interest on borrowings 21 24 41 45
Interest Expense, Total 633 851 1,342 1,705
Net interest income 7,888 6,820 15,231 13,704
Provision for loan losses 195 414 357 736
Net interest income after provision for loan losses 7,693 6,406 14,874 12,968
Noninterest income        
Net realized gains on securities 0 0 0 212
Increase in cash value of life insurance 108 108 216 216
Other income 242 22 334 120
Noninterest Income, Total 1,618 1,168 3,029 2,629
Noninterest expenses        
Salaries and employee benefits 3,612 3,592 7,167 7,061
Occupancy and equipment 875 775 1,789 1,558
Data processing expense 470 467 966 883
FDIC Assessments 76 60 153 75
Advertising 191 184 301 290
Bank franchise tax 127 122 253 232
Director fees 87 61 147 131
Professional fees 161 105 348 247
Telephone expense 93 99 198 183
Core deposit intangible amortization 163 192 327 385
Other expense 562 562 1,053 1,103
Noninterest Expense, Total 6,417 6,219 12,702 12,148
Net income before income taxes 2,894 1,355 5,201 3,449
Income tax expense 592 258 1,052 676
Net income $ 2,302 $ 1,097 $ 4,149 $ 2,773
Net income per share (in dollars per share) $ 0.38 $ 0.18 $ 0.69 $ 0.46
Weighted average shares outstanding (in shares) 6,039,011 6,066,704 6,041,129 6,094,160
Dividends declared per share (in dollars per share) $ 0.00 $ 0.00 $ 0.13 $ 0.13
Deposit Account [Member]        
Noninterest income        
Noninterest income $ 331 $ 269 $ 627 $ 690
Financial Service, Other [Member]        
Noninterest income        
Noninterest income 660 517 1,266 1,010
Mortgage Banking [Member]        
Noninterest income        
Noninterest income $ 277 $ 252 $ 586 $ 381