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Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
INTEREST INCOME    
Interest and fees on loans $ 13,915 $ 14,979
Interest and fees on loans held for sale 20 25
Interest on investment securities:    
Taxable 788 667
Nontaxable 577 246
Federal funds sold 1 4
Other interest-bearing deposits and certificates of deposit in other banks 60 98
Dividends on other investments 75 83
Total interest income 15,436 16,102
Interest on deposits:    
Savings, interest checking and money market 316 309
Time deposit accounts $250,000 and over 113 210
Time deposits 276 461
Total interest expense on deposits 705 980
Interest on federal funds purchased and securities sold under agreements to repurchase 10 26
Interest on Federal Home Loan Bank advances 252 396
Interest on subordinated notes 324 310
Total interest expense on borrowings 586 732
Total interest expense 1,291 1,712
Net interest income 14,145 14,390
(Release of) provision for loan losses (2,500) 0
Net interest income after (release of) provision for loan losses 16,645 14,390
NON-INTEREST INCOME    
Gain on sale of mortgage loans, net 888 2,469
Other 513 137
Total non-interest income 3,726 4,572
Investment securities (losses) gains, net (4) 14
NON-INTEREST EXPENSE    
Salaries and employee benefits 6,886 7,146
Occupancy expense, net 786 771
Furniture and equipment expense 755 744
Processing, network, and bank card expense 1,142 1,007
Legal, examination, and professional fees 440 404
Advertising and promotion 293 243
Postage, printing, and supplies 190 204
Loan expense 145 174
Other 1,590 1,087
Total non-interest expense 12,227 11,780
Income before income taxes 8,140 7,196
Income tax expense 1,531 1,357
Net income $ 6,609 $ 5,839
Basic earnings per share (in dollars per share) $ 1.00 $ 0.88
Diluted earnings per share (in dollars per share) $ 1.00 $ 0.88
Service charges and other fees    
NON-INTEREST INCOME    
Income from fees $ 793 $ 739
Bank card income and fees    
NON-INTEREST INCOME    
Income from fees 961 860
Trust department income    
NON-INTEREST INCOME    
Income from fees 340 294
Real estate servicing fees, net    
NON-INTEREST INCOME    
Income from fees $ 231 $ 73