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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Interest Income      
Loans, including fees $ 52,450 $ 48,200 $ 44,279
Interest-bearing time deposits in other banks 525 1,709 588
Interest-bearing deposits in other banks 339 1,800 1,933
Total interest income 53,314 51,709 46,800
Interest Expense      
Deposits 6,153 9,516 6,994
Other borrowings 0 0 175
Total interest expense 6,153 9,516 7,169
Net Interest Income 47,161 42,193 39,631
Provision for Loan Losses 5,350 0 200
Net Interest Income After Provision for Loan Losses 41,811 42,193 39,431
Noninterest Income      
Secondary market income 175 164 212
Service charges on deposit accounts 442 392 347
Other 1,048 752 772
Total noninterest income 1,665 1,308 1,331
Noninterest Expense      
Salaries and employee benefits 10,130 21,265 8,113
Furniture and equipment 868 829 684
Occupancy 1,957 1,677 1,310
Data and item processing 1,091 1,078 966
Accounting, marketing and legal fees 536 757 305
Regulatory assessments 506 126 542
Advertising and public relations 400 588 553
Travel, lodging and entertainment 241 368 699
Other 1,863 1,744 1,793
Total noninterest expense 17,592 28,432 14,965
Income (loss) before income taxes 25,884 15,069 25,797
Income tax expense 6,618 6,844 797
Net income (loss) $ 19,266 $ 8,225 $ 25,000
Earnings per common share - basic (in dollars per share) $ 2.05 $ 0.81 $ 3.08
Earnings per common share - diluted (in dollars per share) $ 2.05 $ 0.81 $ 3.03
Weighted average common shares outstanding - basic (in shares) 9,378,769 10,145,032 8,105,856
Weighted average common shares outstanding - diluted (in shares) 9,379,154 10,147,311 8,237,638