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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Interest and Dividend Income    
Interest and fees on loans $ 41,363 $ 42,215
Interest and dividends on securities 2,232 2,133
Other income 105 47
Total interest and dividend income 43,700 44,395
Interest Expense    
Interest expense on deposits 3,601 6,671
Interest expense on borrowings 686 1,348
Total interest expense 4,287 8,019
Net interest income 39,413 36,376
(Credit to) provision for loan losses (3,667) 7,138
Net interest income after (credit to) provision for loan losses 43,080 29,238
Non-interest Income    
Service charges on deposit accounts 2,584 2,276
Net realized loss on sales and calls of securities (4) (29)
Net gain on sales of loans 2,582 3,762
Increase in cash surrender value of life insurance 571 380
Net gain from sale of other real estate owned 9 498
Gain on disposal of premises and equipment 17 13
Gain on life insurance 195  
Investment advisory income 1,130 1,288
Other 339 115
Total non-interest income 7,423 8,303
Non-interest Expense    
Salaries and employee benefits 20,110 16,797
Occupancy 4,124 3,545
Data processing 1,744 1,399
Professional fees 1,842 1,648
Marketing 708 506
FDIC deposit insurance and other insurance 769 797
Other real estate owned expense 7 154
Amortization of intangible assets 96 42
Other 6,112 5,177
Total non-interest expense 35,512 30,065
Income before income taxes 14,991 7,476
Provision for income taxes 3,433 1,559
Net income $ 11,558 $ 5,917
Earnings per common share:    
Basic (in dollars per share) $ 1.07 $ 0.55
Diluted (in dollars per share) $ 1.06 $ 0.55
Weighted average shares outstanding, basic 10,769,191 10,729,596
Weighted average shares outstanding, diluted 10,954,366 10,739,841