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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Interest and Dividend Income        
Loans, including fees $ 16,342 $ 16,176 $ 49,254 $ 48,955
Interest and dividends on investment securities 1,296 1,269 3,461 4,079
Interest on deposits with banks 21 38 66 126
Total Interest and Dividend Income 17,659 17,483 52,781 53,160
Interest Expense        
Deposits 594 1,534 2,036 6,515
Short-term borrowings 0 14 0 111
Long-term debt 456 567 1,192 1,589
Total Interest Expense 1,050 2,115 3,228 8,215
Net Interest Income 16,609 15,368 49,553 44,945
Provision for loan losses 0 2,500 586 10,100
Net Interest Income After Provision For Loan Losses 16,609 12,868 48,967 34,845
Noninterest Income        
Gain on sale or disposition of assets 0 6 68 6
Net gains on sale of investment securities 0 229 586 670
Unrealized (loss) gain on equity securities (22) 0 (94) 115
Income from bank owned life insurance 220 222 652 661
Net gains on sale of loans held for sale 30 0 30 0
Loss on sale of loans 0 0 (191) 0
Total Noninterest Income 1,400 1,666 5,616 6,046
Noninterest Expense        
Compensation and benefits 5,650 5,099 15,770 15,001
Occupancy expense 731 734 2,180 2,204
Advertising 145 129 372 380
Data processing expense 840 990 2,766 2,842
Professional fees 676 652 1,920 1,755
Depreciation of equipment 137 142 419 451
FDIC Insurance 120 249 512 679
OREO valuation allowance and expenses 20 421 689 2,303
Core deposit intangible amortization 121 144 380 452
Other expenses 1,007 891 3,965 2,464
Total Noninterest Expense 9,447 9,451 28,973 28,531
Income before income taxes 8,562 5,083 25,610 12,360
Income tax expense 2,158 1,284 6,475 2,363
Net Income $ 6,404 $ 3,799 $ 19,135 $ 9,997
Earnings Per Common Share        
Basic (in dollars per share) $ 1.12 $ 0.64 $ 3.29 $ 1.70
Diluted (in dollars per share) $ 1.12 $ 0.64 $ 3.29 $ 1.70
Provision for loss on premises held for sale $ (20) $ 0 $ (20) $ 0
Loan appraisal, credit, and miscellaneous charges        
Noninterest Income        
Noninterest Income 29 49 271 98
Service charges        
Noninterest Income        
Noninterest Income 987 839 3,066 2,530
Referral Fee Income        
Noninterest Income        
Noninterest Income $ 176 $ 321 $ 1,248 $ 1,966