XML 18 R4.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Interest income      
Interest and fees on loans $ 38,330 $ 36,504 $ 38,187
Interest and dividends on investment securities (AFS & Equity):      
Taxable 6,551 5,668 6,568
Tax-exempt 1,796 1,405 1,529
Interest on interest-bearing balances and other interest income 93 116 134
Total interest income 46,770 43,693 46,418
Interest on deposits      
Interest-bearing demand 1,035 1,347 3,013
Money market 381 405 815
Savings 1,178 1,155 1,605
Time less than $100 921 1,599 1,908
Time $100 through $250 454 544 858
Time greater than $250 257 1,012 1,225
Interest on short-term borrowings 258 247 700
Interest on long-term debt 159 136  
Total interest expense 4,643 6,445 10,124
Net interest income 42,127 37,248 36,294
Provision for loan losses 458 1,250 1,300
Net interest income after provision for loan losses 41,669 35,998 34,994
Non-interest income      
Net unrealized gain (loss) on investment equity securities 926 (47) 770
Net gain on sale of investment securities 1,806 609 1,755
Net gain on investment securities 2,732 562 2,525
Fees for services to customers 1,326 1,315 1,691
ATM and debit card 2,682 2,195 2,070
Retail brokerage and advisory 786 581 560
Bank-owned life insurance 497 294 292
Merchant 451 417 348
Net gain on sale of loans 595 1,724 195
Other 712 514 636
Total non-interest income 9,781 7,602 8,317
Non-interest expense      
Salaries and employee benefits 17,453 16,541 16,086
Net occupancy 2,228 2,164 2,040
Furniture and equipment 2,787 2,750 2,496
Marketing 922 876 1,042
Third party services 2,160 1,923 1,853
Telephone, postage and supplies 715 736 720
State taxes 1,013 887 760
FDIC insurance premiums 793 569 269
Other 2,926 2,509 2,838
Total non-interest expense 30,997 28,955 28,104
Income before income taxes 20,453 14,645 15,207
Provision for income taxes 3,961 2,562 2,850
Net income $ 16,492 $ 12,083 $ 12,357
Earnings per share - basic $ 4.64 $ 3.42 $ 3.53
Earnings per share - diluted 4.64 3.42 3.53
Cash dividends per share $ 1.40 $ 1.36 $ 1.32