XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Income (Unaudited) - USD ($)
$ 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 $ 9,436 $ 8,958 $ 19,447 $ 18,334
Interest and dividends on available-for-sale & equity securities:        
Taxable 1,482 1,404 2,796 2,969
Tax-exempt 434 348 820 698
Interest on interest-bearing balances and other interest income 28 30 48 70
Total interest income 11,380 10,740 23,111 22,071
Interest on deposits        
Interest-bearing demand 261 245 499 825
Money market 93 95 175 242
Savings 287 277 577 645
Time less than $100 231 409 510 872
Time of $100 through $250 111 253 256 582
Time greater than $250 67 138 153 310
Interest on short-term borrowings 73 50 128 142
Interest on long-term debt 39 39 78 56
Total interest expense 1,162 1,506 2,376 3,674
Net interest income 10,218 9,234 20,735 18,397
Provision for loan losses 183 250 458 750
Net interest income after provision for loan losses 10,035 8,984 20,277 17,647
Non-interest income        
Net gain on sales and calls of available-for-sale and equity securities 294 169 636 169
Unrealized gain (loss) on investment equity securities 579 1,166 1,675 (1,774)
Fees for services to customers 296 242 595 653
ATM and debit card 709 516 1,302 1,004
Retail brokerage and advisory 193 169 360 282
Bank-owned life insurance 73 69 336 137
Merchant 119 97 223 188
Net gain on sale of loans 120 365 472 446
Other 151 24 339 141
Total non-interest income 2,534 2,817 5,938 1,246
Non-interest expense        
Salaries and employee benefits 4,342 3,985 8,359 8,057
Net occupancy 535 524 1,153 1,047
Furniture and equipment 670 656 1,340 1,331
Marketing 261 155 475 477
Third party services 594 503 1,082 957
Telephone, postage and supplies 176 194 374 389
State taxes 227 159 500 402
FDIC insurance premiums 211 142 382 279
Other 733 551 1,407 1,208
Total non-interest expense 7,749 6,869 15,072 14,147
Income before income taxes 4,820 4,932 11,143 4,746
Provision for income taxes 951 998 2,224 592
Net income $ 3,869 $ 3,934 $ 8,919 $ 4,154
Earnings per share - basic $ 1.09 $ 1.11 $ 2.51 $ 1.18
Earnings per share - diluted 1.09 1.11 2.51 1.18
Cash dividends per share $ 0.35 $ 0.34 $ 0.70 $ 0.68