XML 15 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Loans, including fees    
Taxable $ 30,178 $ 27,419
Tax-exempt 46 119
Securities    
Interest Income, Securities, Operating, Taxable 1,656 1,295
Interest Income, Securities, Operating, Tax Exempt 967 862
Interest on interest bearing deposits with other banks 46 67
Total interest income 32,893 29,762
Interest expense    
Deposits 1,727 2,496
Short-term borrowings 373 469
Long-term borrowings and subordinated debentures 1,239 545
Total interest expense 3,339 3,510
Net interest income 29,554 26,252
Provision for credit losses 1,950 1,500
Net interest income after provision for loan losses 27,604 24,752
Noninterest income    
Debt Securities, Available-for-sale, Realized Gain (Loss) (152) 476
Equity Securities, FV-NI, Gain (Loss) 372 0
Mortgage Origination Revenue 339 998
Bank owned life insurance and annuities income 283 298
Other 54 123
Total noninterest income 4,545 4,974
Noninterest expenses    
Salaries, commissions and employee benefits 9,700 8,435
Net occupancy expense 1,242 1,174
Equipment expense 1,843 1,581
Professional fees 362 338
Marketing and Advertising Expense 172 90
Amortization of intangibles 378 405
FDIC premiums 390 277
Bank card expense 714 573
Foreclosed properties expense, net of losses (90) 227
Business Combination, Acquisition Related Costs 29 440
Other 2,459 2,893
Total noninterest expenses 17,199 16,433
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 14,950 13,293
Income tax expense 3,257 2,933
Net income 11,693 10,360
Dividends, Preferred Stock, Cash 225 0
Net Income (Loss) Available to Common Stockholders, Basic $ 11,468 $ 10,360
Basic earnings per common share $ 0.90 $ 0.80
Diluted earnings per common share $ 0.90 $ 0.80
Fiduciary and Trust [Member]    
Noninterest income    
Revenue from Contract with Customer, Including Assessed Tax $ 757 $ 638
Deposit Account [Member]    
Noninterest income    
Revenue from Contract with Customer, Including Assessed Tax 1,401 1,100
Credit and Debit Card [Member]    
Noninterest income    
Revenue from Contract with Customer, Including Assessed Tax $ 1,491 $ 1,341