XML 19 R5.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
INTEREST INCOME      
Interest and fees on loans $ 59,248 $ 58,129 $ 58,414
Interest and fees on loans held for sale 102 120 0
Interest on investment securities:      
Taxable 2,798 3,037 3,623
Nontaxable 1,660 688 536
Federal funds sold, other interest-bearing deposits, and certificates of deposit in other banks 345 668 1,125
Dividends on other investments 301 343 272
Total interest income 64,454 62,985 63,970
Interest on deposits:      
Savings, interest checking and money market 1,113 1,858 5,242
Time deposit accounts $250,000 and over 575 1,351 2,110
Time deposits 1,446 2,641 3,026
Total interest expense on deposits 3,134 5,850 10,378
Interest on federal funds purchased and securities sold under agreements to repurchase 87 146 140
Interest on Federal Home Loan Bank advances 1,461 2,199 2,338
Interest on subordinated notes 1,227 1,527 2,376
Total interest expense on borrowings 2,775 3,872 4,854
Total interest expense 5,909 9,722 15,232
Net interest income 58,545 53,263 48,738
(Release of) provision for loan losses (1,700) 5,800 1,150
Net interest income after (release of) provision for loan losses 60,245 47,463 47,588
NON-INTEREST INCOME      
Gain on sale of mortgage loans, net 7,165 7,109 771
Other 261 572 291
Total non-interest income 16,382 14,973 9,010
Investment securities gains (losses), net 149 61 (40)
Gain on branch sale, net 0 0 2,183
NON-INTEREST EXPENSE      
Salaries and employee benefits 27,657 26,151 21,597
Occupancy expense, net 3,075 3,069 3,122
Furniture and equipment expense 3,067 3,043 2,847
Processing, network, and bank card expense 4,751 3,864 3,882
Legal, examination, and professional fees 3,024 1,458 1,211
Advertising and promotion 1,227 1,095 1,256
Postage, printing, and supplies 838 897 871
Loan expense 823 1,137 698
Other 4,100 4,307 3,320
Total non-interest expense 48,562 45,021 38,804
Income before income taxes 28,214 17,476 19,937
Income tax expense 5,697 3,183 3,823
Net income $ 22,517 $ 14,293 $ 16,114
Basic earnings per share (in dollars per share) $ 3.40 $ 2.12 $ 2.38
Diluted earnings per share (in dollars per share) $ 3.40 $ 2.12 $ 2.38
Service charges and other fees      
NON-INTEREST INCOME      
Income from fees $ 3,094 $ 2,955 $ 3,611
Bank card income and fees      
NON-INTEREST INCOME      
Income from fees 3,958 3,201 3,061
Trust department income      
NON-INTEREST INCOME      
Income from fees 1,324 1,185 1,237
Real estate servicing fees, net      
NON-INTEREST INCOME      
Income from fees $ 580 $ (49) $ 39