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Consolidated Statement of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Interest income    
Interest and fees on loans $ 52,952 $ 52,155
Interest on investment securities: Taxable 3,912 4,526
Interest on investment securities: Exempt from federal income tax 1,077 1,084
Total investment income 4,989 5,610
Other 315 436
Total interest income 58,256 58,201
Interest expense    
Interest on deposits 3,473 6,356
Interest on short-term borrowings 86 94
Interest on long-term borrowings 2,155 3,205
Total interest expense 5,714 9,655
Net interest income 52,542 48,546
Provision/(credit) for loan losses (817) 5,401
Net interest income after provision for loan losses 53,359 43,145
Other operating income    
Net gains 1,195 2,788
Total other income 19,519 15,789
Total other operating income 20,714 18,577
Other operating expenses    
Salaries and employee benefits 22,061 21,079
FDIC premiums 772 611
Equipment 3,898 3,904
Occupancy 2,775 2,860
Data processing 3,204 3,981
Marketing 535 573
Professional services 3,528 4,204
Contract labor 638 641
Line rentals 737 864
(Gains)/losses on sales and write downs of foreclosed real estate, net (945) 11
Investor relations 676 1,277
Settlement expense 3,300  
FHLB prepayment expense 2,368  
Contributions 1,220 127
Other 2,997 3,802
Total other operating expenses 47,764 43,934
Income before income tax expense 26,309 17,788
Provision for income tax expense 6,539 3,947
Net Income $ 19,770 $ 13,841
Basic net income per share $ 2.95 $ 1.98
Diluted net income per share $ 2.95 $ 1.97
Weighted average number of basic shares outstanding 6,710 7,004
Weighted average number of diluted shares outstanding 6,717 7,013
Dividends declared per common share $ 0.60 $ 0.52
Service Charges on Deposit Accounts [Member]    
Other operating income    
Total other income $ 1,771 $ 1,929
Other Service Charges [Member]    
Other operating income    
Total other income 909 699
Trust Department [Member]    
Other operating income    
Total other income 8,650 7,446
Debit Card Income [Member]    
Other operating income    
Total other income 3,644 2,902
Bank Owned Life Insurance [Member]    
Other operating income    
Total other income 1,176 1,253
Brokerage Commissions [Member]    
Other operating income    
Total other income 1,082 1,004
Insurance Reimbursement [Member]    
Other operating income    
Total other income 1,375  
Other [Member]    
Other operating income    
Total other income $ 912 $ 556