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Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest income    
Loans, including fees $ 32,985,000 $ 33,442,000
Securities, taxable 1,035,000 3,441,000
Securities, tax-exempt 597,000 576,000
Other interest-earning assets 168,000 475,000
Total interest income 34,785,000 37,934,000
Interest expense    
Deposits 2,717,000 4,641,000
Short-term borrowings 36,000 40,000
Federal Home Loan Bank advances 2,027,000 2,212,000
Subordinated debentures and other borrowings 472,000 724,000
Total interest expense 5,252,000 7,617,000
Net interest income 29,533,000 30,317,000
Provision for loan losses 300,000 750,000
Net interest income after provision for loan losses 29,233,000 29,567,000
Noninterest income:    
Mortgage banking income 8,800,000 2,627,000
Interest rate swap fees 653,000 0
Payroll processing 557,000 577,000
Earnings on bank owned life insurance 277,000 336,000
Other income 343,000 427,000
Total noninterest income 13,463,000 6,550,000
Noninterest expense    
Salaries and benefits 15,086,000 13,528,000
Occupancy 2,014,000 2,059,000
Furniture and equipment depreciation, rent and maintenance 889,000 778,000
Data processing costs 2,617,000 2,483,000
Other expense 4,511,000 4,092,000
Total noninterest expenses 25,117,000 22,940,000
Income before federal income tax expense 17,579,000 13,177,000
Federal income tax expense 3,340,000 2,504,000
Net income $ 14,239,000 $ 10,673,000
Basic earnings per share (in dollars per share) $ 0.87 $ 0.65
Diluted earnings per share (in dollars per share) 0.87 0.65
Common Stock, Dividends, Per Share, Cash Paid (in dollars per share) $ 0.29 $ 0.28
Average basic shares outstanding (in shares) 16,283,044 16,350,281
Average diluted shares outstanding (in shares) 16,283,490 16,351,559
Deposit Account [Member]    
Noninterest income:    
Service charges on deposit and sweep accounts $ 1,155,000 $ 1,222,000
Credit and Debit Card [Member]    
Noninterest income:    
Service charges on deposit and sweep accounts $ 1,678,000 $ 1,361,000