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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
INTEREST AND DIVIDEND INCOME        
Loans, including fees $ 6,231 $ 7,105 $ 13,096 $ 13,955
Taxable securities 604 470 1,163 1,090
Nontaxable securities 111 125 222 233
Other 68 31 114 270
Total interest and dividend income 7,014 7,731 14,595 15,548
INTEREST EXPENSE        
Deposits 508 673 1,046 1,504
Short-term borrowings 15 16 28 60
Other borrowings 20 30 42 56
Total interest expense 543 719 1,116 1,620
NET INTEREST INCOME 6,471 7,012 13,479 13,928
Provision for loan losses (475) 717 (445) 895
Net interest income, after provision for loan losses 6,946 6,295 13,924 13,033
NON INTEREST INCOME        
Gain on sale of loans, net 417 508 904 622
Earnings on bank owned life insurance 144 131 294 259
Unrealized gain or (loss) on equity securities, net (1) 4 12 (9)
Other income 274 191 542 408
Total noninterest income 1,843 1,641 3,721 2,984
NON INTEREST EXPENSES        
Salaries and employee benefits 3,044 2,676 6,073 5,644
Occupancy expense 247 244 501 464
Equipment expense 172 198 349 333
Professional and director fees 356 282 651 611
Financial institutions and franchise tax expense 187 171 375 342
Marketing and public relations 98 65 177 193
Software expense 336 259 636 485
Debit card expense 172 146 343 286
Amortization of intangible assets 11 15 22 30
FDIC insurance expense 120 12 228 12
Other expenses 647 641 1,316 1,316
Total noninterest expenses 5,390 4,709 10,671 9,716
Income before income taxes 3,399 3,227 6,974 6,301
FEDERAL INCOME TAX PROVISION 654 621 1,344 1,212
NET INCOME $ 2,745 $ 2,606 $ 5,630 $ 5,089
Basic and diluted net earnings per share $ 1.00 $ 0.95 $ 2.05 $ 1.86
Deposit Account [Member]        
NON INTEREST INCOME        
Noninterest income $ 219 $ 211 $ 426 $ 501
Fiduciary and Trust [Member]        
NON INTEREST INCOME        
Noninterest income 264 196 546 427
Debit Card [Member]        
NON INTEREST INCOME        
Noninterest income $ 526 $ 400 $ 997 $ 776