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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest income:    
Loans, including fees $ 20,367 $ 22,014
Securities:    
Taxable 1,754 1,596
Tax-exempt 325 373
Federal funds sold 10 0
Restricted equity securities 156 161
Interest-bearing deposits in financial institutions 172 134
Total interest income 22,784 24,278
Interest expense:    
Interest-bearing deposits 436 446
Savings and money market accounts 331 313
Time deposits 484 931
Federal Home Loan Bank advances 0 12
Subordinated notes 393 394
Total interest expense 1,644 2,096
Net interest income 21,140 22,182
Provision for loan losses (784) 650
Net interest income after provision for loan losses 21,924 21,532
Noninterest income:    
Deposit service charges 1,142 1,102
Interchange and debit card transaction fees 1,222 1,092
Mortgage banking 1,966 4,716
Tri-Net 2,171 1,143
Wealth management 440 459
SBA lending 222 492
Net gain on sale of securities 0 26
Other noninterest income 1,926 984
Total noninterest income 9,089 10,014
Noninterest expense:    
Salaries and employee benefits 10,269 9,427
Data processing and software 2,647 2,827
Occupancy 1,099 1,108
Equipment 709 899
Professional services 679 704
Regulatory fees 280 257
Acquisition related expenses 0 67
Amortization of intangibles 446 508
Other noninterest expense 1,607 1,616
Total noninterest expense 17,736 17,413
Income before income taxes 13,277 14,133
Income tax expense 2,604 3,103
Net income $ 10,673 $ 11,030
Per share information:    
Basic net income per share of common stock $ 0.48 $ 0.50
Diluted net income per share of common stock $ 0.48 $ 0.50
Weighted average shares outstanding:    
Basic 22,198,339 22,045,501
Diluted 22,254,644 22,076,600