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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 INCOME        
Interest and fees on loans $ 14,588 $ 13,885 $ 28,503 $ 28,864
Interest and fees on loans held for sale 26 29 46 54
Interest on investment securities:        
Taxable 791 711 1,579 1,378
Nontaxable 624 375 1,202 621
Federal funds sold 4 1 5 5
Other interest-bearing deposits and certificates of deposit in other banks 43 87 102 185
Dividends on other investments 66 81 141 165
Total interest income 16,142 15,169 31,578 31,272
Interest on deposits:        
Savings, interest checking and money market 578 276 893 584
Time deposit accounts $250,000 and over 130 146 243 356
Time deposits 194 358 471 820
Total interest expense on deposits 902 780 1,607 1,760
Interest on federal funds purchased and securities sold under agreements to repurchase 9 26 19 52
Interest on Federal Home Loan Bank advances 248 385 501 781
Interest on subordinated notes 422 307 745 617
Total interest expense on borrowings 679 718 1,265 1,450
Total interest expense 1,581 1,498 2,872 3,210
Net interest income 14,561 13,671 28,706 28,062
Provision for (release of) loan losses 1,200 400 (1,300) 400
Net interest income after provision for (release of) loan losses 13,361 13,271 30,006 27,662
NON-INTEREST INCOME        
Gain on sale of mortgage loans, net 806 2,041 1,695 4,511
Other 400 174 913 310
Total non-interest income 3,648 4,661 7,374 9,233
Investment securities (losses) gains, net (9) 0 (13) 15
NON-INTEREST EXPENSE        
Salaries and employee benefits 6,616 6,955 13,502 14,101
Occupancy expense, net 765 719 1,550 1,490
Furniture and equipment expense 771 753 1,526 1,497
Processing, network, and bank card expense 1,142 1,224 2,284 2,232
Legal, examination, and professional fees 375 385 815 789
Advertising and promotion 304 309 597 552
Postage, printing, and supplies 226 186 416 390
Loan expense 157 229 303 403
Other 1,184 1,081 2,774 2,168
Total non-interest expense 11,540 11,841 23,767 23,622
Income before income taxes 5,460 6,091 13,600 13,288
Income tax expense 971 1,199 2,502 2,557
Net income $ 4,489 $ 4,892 $ 11,098 $ 10,731
Basic earnings per share (in dollars per share) $ 0.66 $ 0.71 $ 1.63 $ 1.56
Diluted earnings per share (in dollars per share) $ 0.66 $ 0.71 $ 1.63 $ 1.56
Service charges and other fees        
NON-INTEREST INCOME        
Income from fees $ 835 $ 765 $ 1,628 $ 1,504
Bank card income and fees        
NON-INTEREST INCOME        
Income from fees 1,063 1,022 2,024 1,882
Trust department income        
NON-INTEREST INCOME        
Income from fees 296 308 636 602
Real estate servicing fees, net        
NON-INTEREST INCOME        
Income from fees $ 248 $ 351 $ 478 $ 424