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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
INTEREST INCOME ON:    
Loans, including fees $ 12,894 $ 12,906
Investment securities:    
Taxable 396 121
Tax -Exempt 184 225
Federal funds sold 17 10
Other interest income 162 138
TOTAL INTEREST INCOME 13,653 13,400
INTEREST EXPENSE ON:    
Deposits 1,243 1,859
Borrowings 506 607
TOTAL INTEREST EXPENSE 1,749 2,466
NET INTEREST INCOME 11,904 10,934
Provisions for credit losses 65 1,740
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 11,839 9,194
OTHER INCOME:    
Service charges on deposit accounts 223 169
Gain on sales and calls of investment securities   14
Mortgage banking income, net 291 1,168
Gains on other real estate owned, net 7 4
Gain on disposal of other assets, net   1
Other income 778 902
TOTAL OTHER INCOME 1,299 2,258
OTHER EXPENSES:    
Salaries and employee benefits 5,575 5,470
Premises and equipment 1,481 1,257
Amortization of core deposit intangible 135 155
Merger related expenses 396  
Other expenses 2,805 2,962
TOTAL OTHER EXPENSES 10,392 9,844
INCOME BEFORE TAXES ON INCOME 2,746 1,608
Federal and state income taxes 696 333
NET INCOME 2,050 1,275
Net loss (income) attributable to noncontrolling interest 59 (185)
NET INCOME ATTRIBUTABLE TO PARTNERS BANCORP $ 2,109 $ 1,090
Earnings per common share    
Basic earnings per share $ 0.117 $ 0.061
Diluted earnings per share $ 0.117 $ 0.061