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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest income        
Interest and fees on loans $ 9,391 $ 9,436 $ 18,394 $ 19,447
Interest and dividends on available-for-sale & equity securities:        
Taxable 2,415 1,482 4,689 2,796
Tax-exempt 502 434 1,019 820
Interest on interest-bearing balances and other interest income 19 28 34 48
Total interest income 12,327 11,380 24,136 23,111
Interest on deposits        
Interest-bearing demand 291 261 528 499
Money market 125 93 231 175
Savings 383 287 704 577
Time less than $100 170 231 354 510
Time of $100 through $250 77 111 162 256
Time greater than $250 45 67 87 153
Interest on short-term borrowings 93 73 152 128
Interest on long-term debt 40 39 79 78
Total interest expense 1,224 1,162 2,297 2,376
Net interest income 11,103 10,218 21,839 20,735
Provision for loan losses   183   458
Net interest income after provision for loan losses 11,103 10,035 21,839 20,277
Non-interest income        
Net gain on sales and calls of available-for-sale and equity securities 457 294 493 636
Unrealized (loss) gain on investment equity securities (1,446) 579 (1,454) 1,675
Fees for services to customers 403 296 787 595
ATM and debit card 705 709 1,346 1,302
Retail brokerage and advisory 205 193 410 360
Bank-owned life insurance 75 73 156 336
Merchant 109 119 204 223
Net gain on sale of loans   120   472
Other 131 151 308 339
Total non-interest income 639 2,534 2,250 5,938
Non-interest expense        
Salaries and employee benefits 4,205 4,342 8,471 8,359
Net occupancy 550 535 1,128 1,153
Furniture and equipment 724 670 1,411 1,340
Marketing 297 261 491 475
Third party services 590 594 1,257 1,082
Telephone, postage and supplies 174 176 368 374
State taxes 188 227 460 500
FDIC insurance premiums 180 211 397 382
Other 838 733 1,576 1,407
Total non-interest expense 7,746 7,749 15,559 15,072
Income before income taxes 3,996 4,820 8,530 11,143
Provision for income taxes 647 951 1,471 2,224
Net income $ 3,349 $ 3,869 $ 7,059 $ 8,919
Earnings per share - basic $ 0.94 $ 1.09 $ 1.99 $ 2.51
Earnings per share - diluted 0.94 1.09 1.98 2.51
Cash dividends per share $ 0.36 $ 0.35 $ 0.72 $ 0.70