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Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest income    
Loans, including fees $ 33,251,000 $ 32,985,000
Securities, taxable 1,665,000 1,035,000
Securities, tax-exempt 600,000 597,000
Other interest-earning assets 366,000 168,000
Total interest income 35,882,000 34,785,000
Interest expense    
Deposits 1,825,000 2,717,000
Short-term borrowings 50,000 36,000
Federal Home Loan Bank advances 1,864,000 2,027,000
Subordinated debentures and other borrowings 1,258,000 472,000
Total interest expense 4,997,000 5,252,000
Net interest income 30,885,000 29,533,000
Provision for credit losses 100,000 300,000
Net interest income after provision for credit losses 30,785,000 29,233,000
Noninterest income:    
Mortgage banking income 3,281,000 8,800,000
Interest rate swap fees 1,351,000 653,000
Payroll processing 638,000 557,000
Earnings on bank owned life insurance 287,000 277,000
Other income 423,000 343,000
Total noninterest income 9,277,000 13,463,000
Noninterest expense    
Salaries and benefits 15,510,000 15,086,000
Occupancy 2,104,000 2,014,000
Furniture and equipment depreciation, rent and maintenance 934,000 889,000
Data processing costs 2,973,000 2,617,000
Other expense 4,221,000 4,511,000
Total noninterest expenses 25,742,000 25,117,000
Income before federal income tax expense 14,320,000 17,579,000
Federal income tax expense 2,828,000 3,340,000
Net income $ 11,492,000 $ 14,239,000
Basic earnings per share (in dollars per share) $ 0.73 $ 0.87
Diluted earnings per share (in dollars per share) 0.73 0.87
Cash dividends per share (in dollars per share) $ 0.31 $ 0.29
Average basic shares outstanding (in shares) 15,840,801 16,283,044
Average diluted shares outstanding (in shares) 15,841,037 16,283,490
Service Charges on Deposit and Sweep Accounts [Member]    
Noninterest income:    
Noninterest revenue $ 1,416,000 $ 1,155,000
Credit and Debit Card [Member]    
Noninterest income:    
Noninterest revenue $ 1,881,000 $ 1,678,000