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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
INTEREST INCOME    
Interest and fees on loans $ 22,085 $ 14,366
Interest and dividends on investment securities:    
Taxable 1,985 931
Interest on deposits with other banks 254 47
Total interest income 24,324 15,344
INTEREST EXPENSE    
Interest on deposits 1,358 1,184
Interest on short-term borrowings 2 1
Interest on long-term borrowings 534 359
Total interest expense 1,894 1,544
NET INTEREST INCOME 22,430 13,800
Provision for credit losses 600 425
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 21,830 13,375
NONINTEREST INCOME    
Service charges on deposit accounts 1,359 674
Trust and investment fee income 514 407
Interchange credits 1,038 869
Mortgage-banking revenue 1,867  
Title Company revenue 323  
Other noninterest income 945 607
Total noninterest income 6,046 2,557
NONINTEREST EXPENSE    
Salaries and wages 9,562 4,142
Employee benefits 2,662 1,844
Occupancy expense 1,567 814
Furniture and equipment expense 429 307
Data processing 1,607 1,127
Directors' fees 190 149
Amortization of other intangible assets 517 126
FDIC insurance premium expense 343 185
Other real estate owned expenses, net (6) 1
Legal and professional fees 637 516
Merger-related expenses 730  
Other noninterest expenses 2,094 1,288
Total noninterest expense 20,332 10,499
Income before income taxes 7,544 5,433
Income tax expense 1,931 1,435
NET INCOME $ 5,613 $ 3,998
Earnings per common share - Basic and diluted    
Basic net income per common share $ 0.28 $ 0.34
Diluted net income per common share 0.28 0.34
Dividends paid per common share $ 0.12 $ 0.12