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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Interest and Dividend Income    
Loans, including fees $ 65,476 $ 65,731
Interest and dividends on investment securities 4,992 5,170
Interest on deposits with banks 91 172
Total Interest and Dividend Income 70,559 71,073
Interest Expense    
Deposits 2,601 7,681
Short-term borrowings 0 111
Long-term debt 1,524 2,364
Total Interest Expense 4,125 10,156
Net Interest Income 66,434 60,917
Provision for loan losses 586 10,700
Net Interest Income After Provision for Loan Losses 65,848 50,217
Noninterest Income    
Gain on sale of assets 68 6
Net gains on sale of investment securities 586 1,384
Unrealized (loss) gain on equity securities (139) 101
Loss on premises and equipment held for sale (25) 0
Income from bank owned life insurance 871 881
Net gain on sale of loans originated for sale (191) 0
Total Noninterest Income 7,906 8,416
Noninterest Expense    
Compensation and benefits 21,035 19,553
Occupancy expense 2,836 3,010
Advertising 500 525
Data processing expense 3,772 3,671
Professional fees 2,857 2,413
Depreciation of premises and equipment 558 605
FDIC Insurance 602 939
OREO valuation allowance and expenses 1,456 3,200
Core deposit intangible amortization 495 591
Fraud losses 1,260 79
Other expenses 3,781 3,417
Total Noninterest Expense 39,152 38,003
Income before income taxes 34,602 20,630
Income tax expense 8,716 4,494
Net Income $ 25,886 $ 16,136
Earnings Per Common Share    
Basic (in dollars per share) $ 4.47 $ 2.74
Diluted (in dollars per share) 4.47 2.74
Cash dividends paid per common share (in dollars per share) $ 0.58 $ 0.50
Net gain on sale of loans held for sale $ 85 $ 0
Loan appraisal, credit, and miscellaneous charges    
Noninterest Income    
Revenues 528 174
Service charges    
Noninterest Income    
Revenues 4,301 3,490
Referral fee income    
Noninterest Income    
Revenues $ 1,822 $ 2,380