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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
INTEREST INCOME        
Loans $ 17,988 $ 18,096 $ 50,540 $ 53,675
Interest-bearing deposits at banks 217 64 513 99
Securities:        
Taxable 2,190 1,087 5,851 2,907
Non-taxable 92 55 197 167
Total interest income 20,487 19,302 57,101 56,848
INTEREST EXPENSE        
Deposits 755 650 1,903 2,272
Other borrowings 83 84 172 258
Subordinated debt 461 405 1,285 1,208
Total interest expense 1,299 1,139 3,360 3,738
NET INTEREST INCOME 19,188 18,163 53,741 53,110
PROVISION (CREDIT) FOR LOAN LOSSES 1,328 (1,459) 1,816 (1,906)
NET INTEREST INCOME AFTER PROVISION (CREDIT) FOR LOAN LOSSES 17,860 19,622 51,925 55,016
NON-INTEREST INCOME        
Deposit service charges 782 664 2,177 1,843
Insurance service and fees 3,383 3,191 8,249 8,350
Bank-owned life insurance 161 158 486 493
Interchange fee income 532 548 1,563 1,585
Other 909 596 2,335 1,870
Total non-interest income 5,767 5,157 14,810 14,141
NON-INTEREST EXPENSE        
Salaries and employee benefits 10,450 9,930 29,356 28,339
Occupancy 1,118 1,126 3,429 3,490
Advertising and public relations 417 434 1,034 1,102
Professional services 839 840 2,554 2,788
Technology and communications 1,339 1,327 3,750 4,023
Amortization of intangibles 100 135 300 405
FDIC insurance 255 285 775 864
Other 1,273 1,316 3,837 3,923
Total non-interest expense 15,791 15,393 45,035 44,934
INCOME BEFORE INCOME TAXES 7,836 9,386 21,700 24,223
INCOME TAX PROVISION 1,972 2,407 5,354 6,079
NET INCOME $ 5,864 $ 6,979 $ 16,346 $ 18,144
Net income per common share-basic $ 1.06 $ 1.28 $ 2.97 $ 3.34
Net income per common share-diluted $ 1.06 $ 1.27 $ 2.95 $ 3.30
Weighted average number of common shares outstanding 5,510,118 5,459,076 5,505,936 5,438,708
Weighted average number of diluted shares outstanding 5,546,764 5,516,781 5,548,508 5,490,836