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Consolidated Statement of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
INTEREST AND DIVIDEND INCOME        
Interest and fees on loans $ 11,268,000 $ 11,885,000 $ 22,253,000 $ 24,052,000
Interest-earning deposits in other institutions 74,000 12,000 98,000 30,000
Federal funds sold 46,000 1,000 49,000 1,000
Investment securities:        
Taxable interest 442,000 410,000 885,000 780,000
Tax-exempt interest 955,000 602,000 1,739,000 1,160,000
Dividends on stock 33,000 26,000 57,000 55,000
Total interest and dividend income 12,818,000 12,936,000 25,081,000 26,078,000
INTEREST EXPENSE        
Deposits 709,000 1,010,000 1,435,000 2,215,000
Other borrowings 81,000 71,000 150,000 146,000
Total interest expense 790,000 1,081,000 1,585,000 2,361,000
NET INTEREST INCOME 12,028,000 11,855,000 23,496,000 23,717,000
Provision for loan losses 0 200,000 0 900,000
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 12,028,000 11,655,000 23,496,000 22,817,000
NONINTEREST INCOME        
(Loss) gain on equity securities [1] (72,000) 40,000 (39,000) 121,000
Earnings on bank-owned life insurance [1] 108,000 106,000 214,000 332,000
Gain on sale of loans [1] 18,000 221,000 21,000 813,000
Revenue from investment services 153,000 212,000 294,000 339,000
Total noninterest income 1,383,000 1,632,000 2,786,000 3,850,000
NONINTEREST EXPENSE        
Salaries and employee benefits 3,785,000 4,321,000 8,171,000 8,575,000
Occupancy expense 583,000 517,000 1,088,000 1,081,000
Equipment expense 274,000 313,000 589,000 670,000
Data processing and information technology costs 822,000 759,000 1,665,000 1,602,000
Ohio state franchise tax 292,000 286,000 585,000 572,000
Federal deposit insurance expense 90,000 150,000 140,000 294,000
Professional fees 383,000 323,000 838,000 742,000
Net loss on other real estate owned [2] 206,000 22,000 214,000 68,000
Advertising expense 229,000 221,000 457,000 442,000
Software amortization expense 40,000 74,000 88,000 154,000
Core deposit intangible amortization 77,000 80,000 154,000 160,000
Merger-related costs 579,000 0 579,000 0
Other expense 1,175,000 828,000 2,233,000 1,851,000
Total noninterest expense 8,535,000 7,894,000 16,801,000 16,211,000
Income before income taxes 4,876,000 5,393,000 9,481,000 10,456,000
Income taxes 787,000 968,000 1,559,000 1,864,000
NET INCOME $ 4,089,000 $ 4,425,000 $ 7,922,000 $ 8,592,000
EARNINGS PER SHARE        
Basic (in dollars per share) $ 0.70 $ 0.70 $ 1.35 $ 1.36
Diluted (in dollars per share) $ 0.70 $ 0.70 $ 1.35 $ 1.35
Deposit Account [Member]        
NONINTEREST INCOME        
Noninterest income revenue $ 956,000 $ 856,000 $ 1,870,000 $ 1,643,000
Financial Service, Other [Member]        
NONINTEREST INCOME        
Noninterest income revenue $ 220,000 $ 197,000 $ 426,000 $ 602,000
[1] Not within scope of ASC 606
[2] Recognized within noninterest expense