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Consolidated Statement of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Interest income    
Interest and fees on loans $ 52,155 $ 50,201
Interest on investment securities: Taxable 4,526 5,648
Interest on investment securities: Exempt from federal income tax 1,084 1,031
Total investment income 5,610 6,679
Other 436 1,040
Total interest income 58,201 57,920
Interest expense    
Interest on deposits 6,356 7,791
Interest on short-term borrowings 94 188
Interest on long-term borrowings 3,205 3,550
Total interest expense 9,655 11,529
Net interest income 48,546 46,391
Provision for loan losses 5,401 1,320
Net interest income after provision for loan losses 43,145 45,071
Other operating income    
Net gains 2,788 334
Total other income 15,789 16,449
Total other operating income 18,577 16,783
Other operating expenses    
Salaries and employee benefits 21,079 24,641
FDIC premiums 611 405
Equipment 3,904 3,807
Occupancy 2,860 2,884
Data processing 3,981 4,004
Marketing 573 418
Professional services 4,204 1,480
Contract labor 641 654
Telephony Expense 864 856
Other real estate owned expenses 11 1,542
Investor relations 1,277 284
Other 3,929 4,414
Total other operating expenses 43,934 45,389
Income before income tax expense 17,788 16,465
Provision for income tax expense 3,947 3,336
Net Income $ 13,841 $ 13,129
Basic net income per share $ 1.98 $ 1.85
Diluted net income per share $ 1.97 $ 1.85
Weighted average number of basic shares outstanding 7,004 7,101
Weighted average number of diluted shares outstanding 7,013 7,101
Dividends declared per common share $ 0.52 $ 0.44
Service Charges on Deposit Accounts [Member]    
Other operating income    
Total other income $ 1,929 $ 2,192
Other Service Charges [Member]    
Other operating income    
Total other income 699 779
Trust Department [Member]    
Other operating income    
Total other income 7,446 7,148
Debit Card Income [Member]    
Other operating income    
Total other income 2,902 2,706
Bank Owned Life Insurance [Member]    
Other operating income    
Total other income 1,253 2,257
Brokerage Commissions [Member]    
Other operating income    
Total other income 1,004 919
Other [Member]    
Other operating income    
Total other income $ 556 $ 448