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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
INTEREST INCOME ON:        
Loans, including fees $ 13,209 $ 13,330 $ 26,103 $ 26,236
Investment securities:        
Taxable 516 327 912 448
Tax -Exempt 181 220 365 445
Federal funds sold 63 9 80 19
Other interest income 554 117 716 255
TOTAL INTEREST INCOME 14,523 14,003 28,176 27,403
INTEREST EXPENSE ON:        
Deposits 1,126 1,736 2,369 3,595
Borrowings 508 554 1,013 1,160
TOTAL INTEREST EXPENSE 1,634 2,290 3,382 4,755
NET INTEREST INCOME 12,889 11,713 24,794 22,648
Provisions for credit losses 319 858 384 2,598
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 12,570 10,855 24,410 20,050
OTHER INCOME:        
Service charges on deposit accounts 249 182 472 351
Gain on sales and calls of investment securities   6   20
Mortgage banking income, net 427 940 718 2,109
Gain on disposal of other assets, net   1   1
Impairment (loss) on restricted stock (1)   (1)  
Other income 778 1,087 1,556 1,988
TOTAL OTHER INCOME 1,453 2,216 2,745 4,469
OTHER EXPENSES:        
Salaries and employee benefits 5,504 5,476 11,080 10,946
Premises and equipment 1,400 1,218 2,881 2,475
Amortization of core deposit intangible 132 152 266 306
(Gains) losses and expenses on other real estate owned, net (2) 152 (9) 148
Merger related expenses 157   553  
Other expenses 2,723 3,112 5,530 6,075
TOTAL OTHER EXPENSES 9,914 10,110 20,301 19,950
INCOME BEFORE TAXES ON INCOME 4,109 2,961 6,854 4,569
Federal and state income taxes 926 674 1,622 1,007
NET INCOME 3,183 2,287 5,232 3,562
Net (income) loss attributable to noncontrolling interest (4) (124) 56 (309)
NET INCOME ATTRIBUTABLE TO PARTNERS BANCORP $ 3,179 $ 2,163 $ 5,288 $ 3,253
Earnings per common share        
Basic earnings per share $ 0.177 $ 0.122 $ 0.294 $ 0.183
Diluted earnings per share $ 0.177 $ 0.122 $ 0.293 $ 0.183