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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
INTEREST AND DIVIDEND INCOME        
Loans, including fees $ 6,032 $ 6,231 $ 11,809 $ 13,096
Taxable securities 1,660 604 2,941 1,163
Nontaxable securities 108 111 218 222
Other 203 68 277 114
Total interest and dividend income 8,003 7,014 15,245 14,595
INTEREST EXPENSE        
Deposits 344 508 693 1,046
Short-term borrowings 14 15 26 28
Other borrowings 15 20 31 42
Total interest expense 373 543 750 1,116
NET INTEREST INCOME 7,630 6,471 14,495 13,479
(RECOVERY OF) PROVISION FOR LOAN LOSSES (345) (475) (645) (445)
Net interest income, after (recovery of) provision for loan losses 7,975 6,946 15,140 13,924
NONINTEREST INCOME        
Gain on sale of loans, net 147 417 265 904
Earnings on bank owned life insurance 168 144 334 294
Unrealized gain or (loss) on equity securities, net 3 (1) 4 12
Other income 188 164 366 328
Total noninterest income 1,782 1,843 3,424 3,721
NONINTEREST EXPENSE        
Salaries and employee benefits 3,412 3,044 6,567 6,073
Occupancy expense 276 247 548 501
Equipment expense 197 172 411 349
Professional and director fees 330 356 606 651
Financial institutions and franchise tax expense 194 187 389 375
Marketing and public relations 110 98 221 177
Software expense 326 336 659 636
Debit card expense 185 172 349 343
Amortization of intangible assets   11   22
FDIC insurance expense 75 120 158 228
Other expenses 669 647 1,334 1,316
Total noninterest expense 5,774 5,390 11,242 10,671
Income before income taxes 3,983 3,399 7,322 6,974
FEDERAL INCOME TAX PROVISION 774 654 1,412 1,344
NET INCOME $ 3,209 $ 2,745 $ 5,910 $ 5,630
Basic net earnings per share $ 1.18 $ 1.00 $ 2.17 $ 2.05
Diluted net earnings per share $ 1.18 $ 1.00 $ 2.17 $ 2.05
Deposit Account [Member]        
NONINTEREST INCOME        
Noninterest income $ 289 $ 219 $ 554 $ 426
Fiduciary and Trust [Member]        
NONINTEREST INCOME        
Noninterest income 253 264 517 546
Debit Card [Member]        
NONINTEREST INCOME        
Noninterest income 543 526 1,038 997
Credit Card [Member]        
NONINTEREST INCOME        
Noninterest income $ 191 $ 110 $ 346 $ 214