XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest and Dividend Income    
Interest and fees on loans $ 15,933 $ 15,885
Interest and dividends on securities held-to-maturity 1 2
Interest and dividends on securities available-for-sale 717 874
Dividends on restricted stock 82 89
Interest on deposits at other financial institutions 45 81
Total interest and dividend income 16,778 16,931
Interest Expense    
Interest on deposits 2,001 4,176
Interest on federal funds purchased   79
Interest on short-term debt 83 70
Interest on subordinated notes 651 395
Total interest expense 2,735 4,720
Net Interest Income 14,043 12,211
Provision for loan losses   1,066
Net interest income after provision for loan losses 14,043 11,145
Noninterest Income    
Service charges on deposit accounts 243 239
Gain on sale of securities available-for-sale   97
Loss on loans held for sale   (451)
BOLI income 248 283
Other income 300 525
Total noninterest income 791 693
Noninterest Expenses    
Salaries and employee benefits 4,548 4,028
Occupancy and equipment expense 807 855
Data processing and network administration 563 434
State franchise taxes 504 466
Audit, legal and consulting fees 354 225
Loan related expenses 106 211
FDIC insurance 210 165
Marketing, business development and advertising 49 103
Director fees 138 140
Postage, courier and telephone 46 44
Internet banking 133 120
Core deposits intangible amortization 80 90
Other operating expenses 344 328
Total noninterest expenses 7,882 7,209
Net income before income tax expense 6,952 4,629
Income tax expense 1,383 896
Net income $ 5,569 $ 3,733
Earnings per share, basic $ 0.41 $ 0.27
Earnings per share, diluted $ 0.38 $ 0.26