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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Interest and Dividend Income    
Loans, including fees $ 65,731 $ 65,602
Interest and dividends on investment securities 5,170 6,414
Interest on deposits with banks 172 437
Total Interest and Dividend Income 71,073 72,453
Interest Expense    
Deposits 7,681 15,378
Short-term borrowings 111 774
Long-term debt 2,364 2,767
Total Interest Expense 10,156 18,919
Net Interest Income 60,917 53,534
Provision for loan losses 10,700 2,130
Net Interest Income After Provision For Loan Losses 50,217 51,404
Noninterest Income    
Gain on sale of assets 6 0
Net gains on sale of investment securities 1,384 226
Unrealized gain on equity securities 101 134
Loss on premises and equipment held for sale 0 (1)
Income from bank owned life insurance 881 885
Total Noninterest Income 8,416 5,766
Noninterest Expense    
Compensation and benefits 19,553 20,445
Occupancy expense 3,010 3,101
Advertising 525 762
Data processing expense 3,671 3,048
Professional fees 2,413 2,196
Depreciation of premises and equipment 605 685
Telephone communications 188 203
Office supplies 120 149
FDIC Insurance 939 334
OREO valuation allowance and expenses 3,200 963
Core deposit intangible amortization 591 688
Other 3,188 3,659
Total Noninterest Expense 38,003 36,233
Income before income taxes 20,630 20,937
Income tax expense 4,494 5,665
Net Income $ 16,136 $ 15,272
Earnings Per Common Share    
Basic (in dollars per share) $ 2.74 $ 2.75
Diluted (in dollars per share) 2.74 2.75
Cash dividends paid per common share (in dollars per share) $ 0.50 $ 0.50
Loan appraisal, credit, and miscellaneous charges    
Noninterest Income    
Revenues $ 174 $ 335
Service charges    
Noninterest Income    
Revenues 3,490 3,308
Referral fee income    
Noninterest Income    
Revenues $ 2,380 $ 879