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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
INTEREST INCOME    
Interest and fees on loans $ 14,366 $ 13,795
Interest and dividends on investment securities:    
Taxable 931 719
Interest on deposits with other banks 47 172
Total interest income 15,344 14,686
INTEREST EXPENSE    
Interest on deposits 1,184 2,059
Interest on short-term borrowings 1 2
Interest on long-term borrowings 359 107
Total interest expense 1,544 2,168
NET INTEREST INCOME 13,800 12,518
Provision for credit losses 425 350
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 13,375 12,168
NONINTEREST INCOME    
Service charges on deposit accounts 674 866
Trust and investment fee income 407 375
Other noninterest income 1,476 1,111
Total noninterest income 2,557 2,352
NONINTEREST EXPENSE    
Salaries and wages 4,142 4,296
Employee benefits 1,844 1,722
Occupancy expense 814 698
Furniture and equipment expense 307 317
Data processing 1,127 1,044
Directors' fees 149 141
Amortization of other intangible assets 126 144
FDIC insurance premium expense 185 91
Other real estate owned expenses, net 1 18
Legal and professional fees 516 634
Other noninterest expenses 1,288 1,244
Total noninterest expense 10,499 10,349
Income before income taxes 5,433 4,171
Income tax expense 1,435 1,053
NET INCOME $ 3,998 $ 3,118
Earnings per common share - Basic and diluted    
Basic and diluted net income per common share $ 0.34 $ 0.25
Net income 0.34 0.25
Dividends paid per common share $ 0.12 $ 0.12