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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest income:    
Interest and fees on loans $ 13,215 $ 12,338
Interest on taxable securities 1,485 1,582
Interest on tax-exempt securities 511 271
Interest on interest-bearing deposits in other banks 29 154
Total interest income 15,240 14,345
Interest expense:    
Interest on demand - interest-bearing 58 100
Interest on money market 195 403
Interest on savings 48 118
Interest on certificates of deposit 338 464
Interest on other borrowings 137 184
Interest on junior subordinated debentures 46 90
Total interest expenses 822 1,359
Net interest income 14,418 12,986
Provision for loan and lease losses 0 2,850
Net interest income after provision for loan and lease losses 14,418 10,136
Noninterest income:    
Payroll and benefit processing fees 169 170
Life insurance 121 123
Gain on sale of investment securities, net 7 84
FHLB dividends 93 130
Legal settlement 221 0
Other income (loss) 86 (52)
Total noninterest income 1,163 892
Noninterest expense:    
Salaries and related benefits 5,639 5,887
Premises and equipment 959 854
FDIC insurance premium 110 36
Data processing 548 531
Professional services 301 334
Telecommunications 170 171
Other expenses 1,170 1,970
Total noninterest expense 8,897 9,783
Income before provision for income taxes 6,684 1,245
Provision for income taxes 1,764 329
Net income $ 4,920 $ 916
Earnings per share - basic (in dollars per share) $ 0.29 $ 0.05
Weighted average shares - basic (in shares) [1] 16,706 17,695
Earnings per share - diluted (in dollars per share) $ 0.29 $ 0.05
Weighted average shares - diluted (in shares) 16,778 17,747
Deposit Account [Member]    
Noninterest income:    
Revenue from Contract with Customer $ 148 $ 169
Credit and Debit Card [Member]    
Noninterest income:    
Revenue from Contract with Customer $ 318 $ 268
[1] Excludes unvested restricted shares because they do not have dividend or voting rights.