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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
INTEREST INCOME        
Interest and fees on loans $ 14,381 $ 13,945 $ 28,747 $ 27,740
Interest and dividends on investment securities:        
Taxable 1,095 638 2,025 1,357
Interest on deposits with other banks 55 11 102 183
Total interest income 15,531 14,594 30,874 29,280
INTEREST EXPENSE        
Interest on deposits 1,056 1,556 2,240 3,615
Interest on short-term borrowings 2 1 3 3
Interest on long-term borrowings 370 6 729 113
Total interest expense 1,428 1,563 2,972 3,731
NET INTEREST INCOME 14,103 13,031 27,902 25,549
Provision for credit losses 650 1,000 1,075 1,350
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 13,453 12,031 26,827 24,199
NONINTEREST INCOME        
Service charges on deposit accounts 683 544 1,357 1,410
Trust and investment fee income 475 363 882 738
Gains on sales and calls of investment securities   347   347
Other noninterest income 1,745 1,515 3,221 2,626
Total noninterest income 2,903 2,769 5,460 5,121
NONINTEREST EXPENSE        
Salaries and wages 4,262 2,130 8,404 6,426
Employee benefits 1,493 1,535 3,337 3,257
Occupancy expense 770 702 1,584 1,400
Furniture and equipment expense 412 247 719 564
Data processing 1,217 1,037 2,344 2,081
Directors' fees 154 113 303 254
Amortization of other intangible assets 120 138 246 282
FDIC insurance premium expense 223 124 408 215
Other real estate owned expenses, net 1   2 18
Legal and professional fees 648 553 1,164 1,187
Merger-related expenses 377   377  
Other noninterest expenses 1,199 1,084 2,486 2,328
Total noninterest expense 10,876 7,663 21,374 18,012
Income before income taxes 5,480 7,137 10,913 11,308
Income tax expense 1,449 1,802 2,884 2,855
NET INCOME $ 4,031 $ 5,335 $ 8,029 $ 8,453
Earnings per common share - Basic and diluted        
Earnings per common share - Basic and diluted $ 0.34 $ 0.43 $ 0.68 $ 0.68
Dividends paid per common share $ 0.12 $ 0.12 $ 0.24 $ 0.24