XML 19 R4.htm IDEA: XBRL DOCUMENT v3.20.4
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Interest and fees on loans:    
Taxable $ 58,412 $ 59,673
Tax-exempt 201 187
Interest on securities:    
Taxable 2,255 2,708
Tax-exempt 535 343
Other interest income 626 1,473
Total interest income 62,029 64,384
INTEREST EXPENSE:    
Deposits 6,052 9,436
Borrowings 1,171 1,041
Total interest expense 7,223 10,477
Net interest income 54,806 53,907
Provision for loan losses 1,000 385
Net interest income after provision for loan losses 53,806 53,522
OTHER INCOME:    
Deposit service fees $ 1,133 $ 1,586
Revenue, Product and Service [Extensible List] us-gaap:DepositAccountMember us-gaap:DepositAccountMember
Income from mortgage loans sold on the secondary market $ 5,935 $ 1,889
SBA/USDA loan sale gains 1,729 908
Net mortgage servicing fees 838 693
Realized security gains 2 208
Other 562 669
Total other income 10,199 5,953
OTHER EXPENSE:    
Salaries and employee benefits 26,081 22,743
Occupancy 4,370 4,069
Furniture and equipment 3,347 3,000
Data processing 3,093 2,717
Advertising 912 889
Professional service fees 1,842 2,100
Loan origination expenses and deposit and card related fees 1,965 1,546
Writedowns and (gains) losses on other real estate held for sale (22) 212
FDIC insurance assessment 578 70
Communications 935 885
Other 3,848 3,534
Total other expenses 46,949 41,765
Income before provision for income taxes 17,056 17,710
Provision for income taxes 3,583 3,860
NET INCOME $ 13,473 $ 13,850
INCOME PER COMMON SHARE:    
Basic (in dollars per share) $ 1.27 $ 1.29
Diluted (in dollars per share) $ 1.27 $ 1.29