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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest and Dividend Income    
Loans, including fees $ 16,592 $ 16,502
Interest and dividends on investment securities 1,064 1,469
Interest on deposits with banks 22 68
Total Interest and Dividend Income 17,678 18,039
Interest Expense    
Deposits 802 3,044
Short-term borrowings 0 69
Long-term debt 367 573
Total Interest Expense 1,169 3,686
Net Interest Income 16,509 14,353
Provision for loan losses 295 4,100
Net Interest Income After Provision For Loan Losses 16,214 10,253
Noninterest Income    
Net gains on sale of investment securities 586 329
Unrealized (loss) gain on equity securities (85) 75
Income from bank owned life insurance 214 219
Loss on sale of loans (191) 0
Total Noninterest Income 2,360 2,121
Noninterest Expense    
Compensation and benefits 4,788 5,188
Occupancy expense 761 734
Advertising 79 121
Data processing expense 936 928
Professional fees 640 626
Depreciation of premises and equipment 147 158
FDIC Insurance 252 170
OREO valuation allowance and expenses 181 782
Core deposit intangible amortization 133 157
Other expenses 2,231 819
Total Noninterest Expense 10,148 9,683
Income before income taxes 8,426 2,691
Income tax expense (benefit) 2,127 (57)
Net Income $ 6,299 $ 2,748
Earnings Per Common Share    
Basic (in dollars per share) $ 1.07 $ 0.47
Diluted (in dollars per share) $ 1.07 $ 0.47
Loan appraisal, credit, and miscellaneous charges    
Noninterest Income    
Noninterest Income $ 198 $ 14
Service charges    
Noninterest Income    
Noninterest Income 1,187 982
Referral Fee Income    
Noninterest Income    
Noninterest Income $ 451 $ 502