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Consolidated Statements of Earnings - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Interest income:        
Loans, including fees $ 5,127 $ 5,453 $ 15,417 $ 16,359
Securities - Taxable 1,048 913 3,006 3,080
Securities - Tax-exempt 441 461 1,337 1,390
Federal funds sold and interest bearing bank deposits 49 26 105 332
Total interest income 6,665 6,853 19,865 21,161
Interest expense:        
Deposits 620 983 1,900 3,005
Short-term borrowings 4 2 12 6
Total interest expense 624 985 1,912 3,011
Net interest income 6,041 5,868 17,953 18,150
Provision for loan losses 0 250 (600) 1,100
Net interest income after provision for loan losses 6,041 5,618 18,553 17,050
Noninterest income:        
Service charge on deposit accounts 149 139 419 437
Mortgage lending 268 702 1,241 1,615
Bank-owned life insurance income 100 109 302 615
Other noninterest income 397 408 1,244 1,202
Securities gains, net 15 16 15 103
Total noninterest income 929 1,374 3,221 3,972
Noninterest expense:        
Salaries and benefits 2,893 2,802 8,641 8,230
Net occupancy and equipment 436 457 1,292 1,974
Professional fees 232 230 814 877
Other noninterest expense 1,148 1,164 3,547 3,387
Total noninterest expense 4,709 4,653 14,294 14,468
Earnings before income taxes 2,261 2,339 7,480 6,554
Income tax expense 386 403 1,313 1,156
Net earnings $ 1,875 $ 1,936 $ 6,167 $ 5,398
Net earnings per share:        
Basic and diluted earnings per share $ 0.53 $ 0.54 $ 1.74 $ 1.51
Weighted average shares outstanding:        
Basic and diluted weighted average shares outstanding 3,536,320 3,566,239 3,552,387 3,566,184