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Consolidated Statements of Income (Unaudited) - USD ($)
$ 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 $ 8,324 $ 8,466 $ 16,424 $ 17,016
Interest on interest-bearing deposits 202 39 251 67
Interest on securities – taxable 2,949 1,910 5,422 3,693
Interest on securities – nontaxable 447 482 875 1,003
Total interest income 11,922 10,897 22,972 21,779
Interest Expense        
Interest on deposits 647 834 1,302 1,689
Net interest income 11,275 10,063 21,670 20,090
Provision for loan losses 310 4 444 54
Net interest income after provision for loan losses 10,965 10,059 21,226 20,036
Noninterest Income:        
Noninterest Income 1,769 1,568 3,476 3,326
BOLI income 241 210 479 416
Gain on sale of mortgage loans 35 74 96 211
Other income 208 230 700 857
Total noninterest income 2,112 1,941 4,403 4,275
Realized securities gain, net     0 5
Noninterest Expense        
Salaries and employee benefits 4,011 3,952 7,989 7,858
Occupancy, furniture and fixtures 464 443 956 931
Data processing and ATM 793 786 1,580 1,564
FDIC assessment 111 93 222 176
Net costs of other real estate owned 0 1 10 38
Franchise taxes 371 357 733 692
Other operating expenses 561 815 1,434 1,724
Total noninterest expense 6,311 6,447 12,924 12,983
Income before income taxes 6,766 5,553 12,705 11,328
Income tax expense 1,192 940 2,245 1,949
Net Income $ 5,574 $ 4,613 $ 10,460 $ 9,379
Basic and fully diluted net income per common share (in dollars per share) $ 0.93 $ 0.74 $ 1.74 $ 1.49
Weighted average number of common shares outstanding, basic and diluted (in shares) 6,004,425 6,214,079 6,025,709 6,310,347
Dividends declared per common share (in dollars per share) $ 0.72 $ 0.70 $ 0.72 $ 0.70
Deposit Account [Member]        
Noninterest Income:        
Noninterest Income $ 603 $ 471 $ 1,165 $ 940
Product and Service, Other [Member]        
Noninterest Income:        
Noninterest Income 51 43 106 84
Credit and Debit Card [Member]        
Noninterest Income:        
Noninterest Income 535 479 975 913
Fiduciary and Trust [Member]        
Noninterest Income:        
Noninterest Income $ 439 $ 434 $ 882 $ 849