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Unaudited Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Interest Income        
Loans, including fees $ 14,357 $ 13,385 $ 27,450 $ 26,491
Interest-bearing time deposits in other banks 38 133 106 295
Other interest and dividend income 42 38 68 277
Total interest income 14,437 13,556 27,624 27,063
Interest Expense        
Deposits 772 1,627 1,647 3,702
Total interest expense 772 1,627 1,647 3,702
Net Interest Income 13,665 11,929 25,977 23,361
Provision for Loan Losses 1,300 1,400 2,575 2,050
Net Interest Income After Provision for Loan Losses 12,365 10,529 23,402 21,311
Noninterest Income        
Secondary market income 78 39 92 77
Service charges on deposit accounts 119 95 239 214
Other 382 167 585 340
Total noninterest income 579 301 916 631
Noninterest Expense        
Salaries and employee benefits 2,949 2,597 5,739 5,071
Furniture and equipment 231 218 433 434
Occupancy 458 413 930 874
Data and item processing 286 269 565 545
Accounting, marketing and legal fees 149 77 297 203
Regulatory assessments 161 94 302 117
Advertising and public relations 71 29 105 298
Travel, lodging and entertainment 118 43 207 96
Other 452 383 841 838
Total noninterest expense 4,875 4,123 9,419 8,476
Income Before Taxes 8,069 6,707 14,899 13,466
Income tax expense 1,964 1,671 3,690 3,379
Net Income $ 6,105 $ 5,036 $ 11,209 $ 10,087
Earnings per common share - basic (in dollars per share) $ 0.67 $ 0.54 $ 1.24 $ 1.05
Earnings per common share - diluted (in dollars per share) $ 0.67 $ 0.54 $ 1.24 $ 1.05
Weighted average common shares outstanding - basic (in shares) 9,050,606 9,232,509 9,050,295 9,598,232
Weighted average common shares outstanding - diluted (in shares) 9,074,408 9,232,509 9,066,797 9,598,232