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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest and dividend income    
Interest and fees on loans $ 8,474 $ 8,885
Interest on debt securities:    
Taxable 972 404
Tax exempt 222 151
Dividends 6 4
Interest on federal funds sold and overnight deposits 19 19
Interest on interest bearing deposits in banks 33 37
Total interest and dividend income 9,726 9,500
Interest expense    
Interest on deposits 621 1,047
Interest on borrowed funds 0 54
Interest on subordinated notes 142 0
Total interest expense 763 1,101
    Net interest income 8,963 8,399
Provision for loan losses 0 150
    Net interest income after provision for loan losses 8,963 8,249
Noninterest income    
Trust income 209 185
Service fees 1,635 1,523
Net gains on sales of investment securities available-for-sale 26 0
Net gains on sales of loans held for sale 14 894
Net gains on other investments 82 44
Other income (loss) 89 (25)
Total noninterest income 2,055 2,621
Noninterest expenses    
Salaries and wages 3,410 3,083
Employee benefits 1,305 1,169
Occupancy expense, net 527 477
Equipment expense 916 798
Other expenses 1,956 1,926
Total noninterest expenses 8,114 7,453
        Income before provision for income taxes 2,904 3,417
Provision for income taxes 422 541
        Net income $ 2,482 $ 2,876
Basic earnings per common share (in usd per share) $ 0.55 $ 0.64
Weighted average number of common shares outstanding (in shares) 4,494,871 4,480,339
Dividends per common share (in usd per share) $ 0.35 $ 0.33