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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Interest income:        
Interest and fees on loans $ 12,429 $ 13,224 $ 25,644 $ 25,562
Interest on taxable securities 1,697 1,329 3,182 2,911
Interest on tax-exempt securities 575 423 1,086 694
Interest on interest-bearing deposits in other banks 27 21 56 175
Total interest income 14,728 14,997 29,968 29,342
Interest expense:        
Interest on demand - interest-bearing 55 85 113 185
Interest on money market 180 317 375 720
Interest on savings 41 95 89 213
Interest on certificates of deposit 303 467 641 931
Interest on FHLB 0 5 0 5
Interest on other borrowings 138 184 275 368
Interest on junior subordinated debentures 47 61 93 151
Total interest expense 764 1,214 1,586 2,573
Net interest income 13,964 13,783 28,382 26,769
Provision for loan and lease losses 0 1,300 0 4,150
Net interest income after provision for loan and lease losses 13,964 12,483 28,382 22,619
Noninterest income:        
Payroll and benefit processing fees 160 143 329 313
Life insurance 123 148 244 271
Gain on sale of investment securities, net 64 140 71 224
FHLB dividends 126 36 219 166
Legal settlement 0 0 221 0
Other income 97 73 183 21
Total noninterest income 1,131 955 2,294 1,847
Noninterest expense:        
Salaries and related benefits 5,205 4,965 10,844 10,852
Premises and equipment 973 826 1,932 1,680
FDIC insurance premium 124 90 234 126
Data processing 546 585 1,094 1,116
Professional services 278 469 579 803
Telecommunications 145 156 315 327
Merger costs 817 0 817 0
Other expenses 1,191 1,179 2,361 3,149
Total noninterest expense 9,279 8,270 18,176 18,053
Income before provision for income taxes 5,816 5,168 12,500 6,413
Provision for income taxes 1,677 1,321 3,441 1,650
Net income $ 4,139 $ 3,847 $ 9,059 $ 4,763
Earnings per share - basic (in dollars per share) $ 0.25 $ 0.23 $ 0.54 $ 0.28
Weighted average shares - basic (in shares) [1] 16,736 16,660 16,721 17,178
Earnings per share - diluted (in dollars per share) $ 0.25 $ 0.23 $ 0.54 $ 0.28
Weighted average shares - diluted (in shares) 16,823 16,689 16,803 17,217
Deposit Account [Member]        
Noninterest income:        
Revenue from Contract with Customer $ 160 $ 152 $ 308 $ 321
Credit and Debit Card [Member]        
Noninterest income:        
Revenue from Contract with Customer $ 401 $ 263 $ 719 $ 531
[1] Excludes unvested restricted shares because they do not have dividend or voting rights