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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest and Dividend Income    
Interest and fees on loans $ 10,081 $ 10,670
Interest and dividends on securities 874 363
Other income 19 19
Total interest and dividend income 10,974 11,052
Interest Expense    
Interest expense on deposits 745 1,020
Interest expense on borrowings 115 250
Total interest expense 860 1,270
Net interest income 10,114 9,782
Provision for (credit to) loan losses 221 (69)
Net interest income after provision for (credit to) loan losses 9,893 9,851
Non-interest Income    
Service charges on deposit accounts 706 609
Net gain on sales of loans 400 1,059
Increase in cash surrender value of life insurance 157 94
Gain on disposal of premises and equipment   17
Gain on life insurance   195
Investment advisory income 340 217
Other 108 50
Total non-interest income 1,711 2,241
Non-interest Expense    
Salaries and employee benefits 5,519 4,592
Occupancy 1,098 954
Data processing 486 395
Professional fees 394 408
Marketing 117 88
FDIC deposit insurance and other insurance 182 171
Other real estate owned expense   1
Amortization of intangible assets 27 13
Other 1,282 1,331
Total non-interest expense 9,105 7,953
Income before income taxes 2,499 4,139
Provision for income taxes 446 818
Net income $ 2,053 $ 3,321
Earnings per common share:    
Basic (in dollars per share) $ 0.19 $ 0.31
Diluted (in dollars per share) $ 0.19 $ 0.31
Weighted average shares outstanding, basic 10,815,348 10,743,234
Weighted average shares outstanding, diluted 11,009,312 10,875,116