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Consolidated Statement of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest income    
Interest and fees on loans $ 12,432 $ 12,732
Interest on investment securities: Taxable 1,406 990
Interest on investment securities: Exempt from federal income tax 282 275
Total investment income 1,688 1,265
Other 27 65
Total interest income 14,147 14,062
Interest expense    
Savings 18 25
Interest-bearing transaction accounts 152 342
Other time 305 779
Total interest on Deposits 475 1,146
Interest on short-term borrowings 18 24
Interest on long-term borrowings 313 656
Total interest expense 806 1,826
Net interest income 13,341 12,236
Provision/(credit) for loan losses (419) 110
Net interest income after provision for loan losses 13,760 12,126
Other operating income    
Net gains on investments, available for sale 3  
Net gains on sale of residential mortgage loans 21 588
Net gains on disposal of fixed assets 28  
Net gains 52 588
Total other income 4,382 4,338
Total other operating income 4,434 4,926
Other operating expenses    
Salaries and employee benefits 5,968 4,988
FDIC premiums 174 183
Equipment 1,044 851
Occupancy 727 725
Data processing 821 726
Marketing 106 146
Professional services 520 766
Contract labor 165 148
Line rentals 114 215
Other real estate owned 95 (412)
Investor relations 96 124
Settlement expense   3,300
Contributions 21 23
Other 727 740
Total other operating expenses 10,578 12,523
Income before income tax expense 7,616 4,529
Provision for income tax expense 1,901 1,099
Net Income $ 5,715 $ 3,430
Basic net income per share $ 0.86 $ 0.49
Diluted net income per share $ 0.86 $ 0.49
Weighted average number of basic shares outstanding 6,628 6,996
Weighted average number of diluted shares outstanding 6,636 7,000
Dividends declared per common share $ 0.15 $ 0.15
Service Charges on Deposit Accounts [Member]    
Other operating income    
Total other income $ 465 $ 405
Other Service Charges [Member]    
Other operating income    
Total other income 213 211
Trust Department [Member]    
Other operating income    
Total other income 2,189 2,241
Debit Card Income [Member]    
Other operating income    
Total other income 886 810
Bank Owned Life Insurance [Member]    
Other operating income    
Total other income 292 286
Brokerage Commissions [Member]    
Other operating income    
Total other income 220 268
Other [Member]    
Other operating income    
Total other income $ 117 $ 117