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Consolidated Statement of Operations - USD ($)
shares in Thousands, $ 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 $ 12,861 $ 13,097 $ 25,293 $ 25,829
Interest on investment securities: Taxable 1,540 994 2,946 1,984
Interest on investment securities: Exempt from federal income tax 279 268 561 543
Total investment income 1,819 1,262 3,507 2,527
Other 51 77 78 142
Total interest income 14,731 14,436 28,878 28,498
Interest expense        
Savings 18 21 36 46
Interest-bearing transaction accounts 167 293 319 636
Time deposits 216 685 521 1,463
Total interest on Deposits 401 999 876 2,145
Interest on short-term borrowings 21 26 39 50
Interest on long-term borrowings 338 648 651 1,304
Total interest expense 760 1,673 1,566 3,499
Net interest income 13,971 12,763 27,312 24,999
Provision for loan losses 624 555 205 665
Net interest income after provision for loan losses 13,347 12,208 27,107 24,334
Other operating income        
Net gains on investments, available for sale   154 3 154
Net gains on sale of residential mortgage loans 7 272 28 860
Net gains on disposal of fixed assets 6 16 34 16
Net gains 13 442 65 1,030
Total other income 4,413 4,321 8,795 9,063
Total other operating income 4,426 4,763 8,860 10,093
Other operating expenses        
Salaries and employee benefits 5,793 5,507 11,761 10,495
FDIC premiums 155 183 329 366
Equipment expense 1,029 954 2,073 1,805
Occupancy expense of premises 711 693 1,438 1,418
Data processing expense 805 875 1,626 1,601
Marketing expense 151 133 257 279
Professional services 564 1,491 1,084 2,661
Contract labor 158 185 323 333
Telephone 139 268 253 483
Losses/(gains) on sales and write downs of other real estate owned, net 152 (198) 247 (610)
Investor relations 123 306 219 430
Settlement expense       3,300
Contributions 42 27 63 50
Other 815 608 1,542 1,348
Total other operating expenses 10,637 11,032 21,215 23,959
Income before income tax expense 7,136 5,939 14,752 10,468
Provision for income tax expense 1,708 1,536 3,609 2,635
Net Income $ 5,428 $ 4,403 $ 11,143 $ 7,833
Basic net income per share $ 0.82 $ 0.66 $ 1.68 $ 1.15
Diluted net income per share $ 0.82 $ 0.66 $ 1.68 $ 1.15
Weighted average number of basic shares outstanding 6,650 6,609 6,639 6,803
Weighted average number of diluted shares outstanding 6,661 6,615 6,649 6,808
Dividends declared per common share $ 0.15 $ 0.15 $ 0.30 $ 0.30
Service Charges on Deposit Accounts [Member]        
Other operating income        
Total other income $ 463 $ 412 $ 928 $ 817
Other Service Charges [Member]        
Other operating income        
Total other income 232 221 445 432
Trust Department [Member]        
Other operating income        
Total other income 2,044 2,034 4,233 4,275
Debit Card Income [Member]        
Other operating income        
Total other income 983 913 1,869 1,723
Bank Owned Life Insurance [Member]        
Other operating income        
Total other income 297 293 589 579
Brokerage Commissions [Member]        
Other operating income        
Total other income 313 357 533 625
Other [Member]        
Other operating income        
Total other income $ 81 $ 91 $ 198 $ 612