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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Interest and dividend income:        
Loans, including fees $ 10,562 $ 10,639 $ 21,127 $ 21,512
Securities        
Taxable 479 591 884 1,188
Tax exempt 60 74 119 147
Dividends 57 64 116 130
Interest-bearing deposits with banks 33 18 61 180
Other Interest 8 13 18 27
Total interest and dividend income 11,199 11,399 22,325 23,184
Interest expense:        
Deposits 799 1,367 1,682 2,876
Other borrowed funds 145 187 300 387
Subordinated debentures 40 50 80 122
Total interest expense 984 1,604 2,062 3,385
Net interest income 10,215 9,795 20,263 19,799
Provision for loan losses 27 (393) (25) 3,453
Net interest income after provision for loan losses 10,188 10,188 20,288 16,346
Noninterest income:        
Service charges on deposit accounts 390 333 795 826
Trust fees 70 61 142 129
Income from bank owned life insurance and annuity assets 200 192 448 409
Mortgage banking income 186 431 365 521
Electronic refund check / deposit fees 135 0 675 0
Debit / credit card interchange income 1,173 930 2,223 1,873
Gain (loss) on other real estate owned 0 18 1 (83)
Tax preparation fees 55 19 749 634
Litigation settlement 0 0 0 2,000
Other 297 265 447 382
Total noninterest income 2,506 2,249 5,845 6,691
Noninterest expense:        
Salaries and employee benefits 5,279 5,426 10,549 10,881
Occupancy 465 449 932 881
Furniture and equipment 269 278 565 540
Professional fees 427 473 857 1,071
Marketing expense 268 293 536 561
FDIC insurance 79 24 158 24
Data processing 660 704 1,235 1,303
Software 434 412 883 793
Foreclosed assets 8 36 22 79
Amortization of intangibles 14 17 27 34
Other 1,394 1,490 2,720 2,954
Total noninterest expense 9,297 9,602 18,484 19,121
Income before income taxes 3,397 2,835 7,649 3,916
Provision for income taxes 536 572 1,257 651
NET INCOME $ 2,861 $ 2,263 $ 6,392 $ 3,265
Earnings per share (in dollars per share) $ 0.60 $ 0.47 $ 1.34 $ 0.68