XML 13 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest and Dividend Income    
Interest and fees on loans $ 10,620 $ 9,408
Interest and dividends on securities available for sale:    
Taxable interest income 779 466
Interest income exempt from federal income taxes 83 118
Dividends 10 12
Interest on deposits in banks 15 12
Interest on federal funds sold 2  
Total interest and dividend income 11,509 10,016
Interest Expense    
Interest on deposits 370 487
Total interest expense 370 487
Net interest income 11,139 9,529
Provision for Loan Losses 540 599
Net interest income after provision for loan losses 10,599 8,930
Noninterest Income    
Wealth management fees 921 607
Service charges on deposit accounts 374 253
Other service charges and fees 909 1,007
Gain on sale of securities   76
Gain on sale of loans 478  
Bank owned life insurance income 179 105
Other operating income 382 379
Total noninterest income 3,243 2,427
Noninterest Expenses    
Salaries and employee benefits 5,952 4,716
Occupancy expenses 518 456
Equipment expenses 257 224
Advertising and marketing expenses 111 79
Stationery and supplies 35 38
ATM network fees 286 250
Other real estate owned expense   (1)
Loss on other real estate owned   10
FDIC assessment 177 107
Computer software expense 254 189
Bank franchise tax 198 189
Professional fees 464 460
Data processing fees 480 402
Other operating expenses 1,191 797
Total noninterest expenses 9,923 7,916
Income before income taxes 3,919 3,441
Income Tax Expense 669 579
Net income $ 3,250 $ 2,862
Earnings Per Share    
Net income per common share, basic $ 0.94 $ 0.84
Net income per common share, diluted $ 0.94 $ 0.84