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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
INTEREST INCOME        
Loans $ 18,096 $ 16,847 $ 53,675 $ 47,497
Interest-bearing deposits at banks 64 26 99 223
Securities:        
Taxable 1,087 825 2,907 2,758
Non-taxable 55 68 167 180
Total interest income 19,302 17,766 56,848 50,658
INTEREST EXPENSE        
Deposits 650 1,641 2,272 6,471
Other borrowings 84 108 258 232
Subordinated debt 405 375 1,208 604
Total interest expense 1,139 2,124 3,738 7,307
NET INTEREST INCOME 18,163 15,642 53,110 43,351
PROVISION (CREDIT) FOR LOAN LOSSES (1,459) 1,881 (1,906) 5,477
NET INTEREST INCOME AFTER PROVISION (CREDIT) FOR LOAN LOSSES 19,622 13,761 55,016 37,874
NON-INTEREST INCOME        
Deposit service charges 664 598 1,843 1,623
Insurance service and fees 3,191 3,217 8,350 8,309
Gain on sale of securities   667   667
Gain on loans sold   169   359
Bank-owned life insurance 158 170 493 508
Loss on tax credit investment       (2,475)
Refundable state historic tax credit       1,857
Interchange fee income 548 481 1,585 1,270
Other 596 555 1,870 1,316
Total non-interest income 5,157 5,857 14,141 13,434
NON-INTEREST EXPENSE        
Salaries and employee benefits 9,930 8,101 28,339 23,903
Occupancy 1,126 1,204 3,490 3,127
Advertising and public relations 434 503 1,102 895
Professional services 840 865 2,788 2,651
Technology and communications 1,327 1,365 4,023 3,928
Amortization of intangibles 135 136 405 400
FDIC insurance 285 290 864 751
Merger-related   524   5,958
Other 1,316 1,480 3,923 3,737
Total non-interest expense 15,393 14,468 44,934 45,350
INCOME BEFORE INCOME TAXES 9,386 5,150 24,223 5,958
INCOME TAX PROVISION 2,407 606 6,079 741
NET INCOME $ 6,979 $ 4,544 $ 18,144 $ 5,217
Net income per common share-basic $ 1.28 $ 0.85 $ 3.34 $ 1.01
Net income per common share-diluted $ 1.27 $ 0.84 $ 3.30 $ 1.00
Weighted average number of common shares outstanding 5,459,076 5,376,851 5,438,708 5,179,386
Weighted average number of diluted shares outstanding 5,516,781 5,395,806 5,490,836 5,214,950