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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest and dividend income        
Loans and leases, including fees $ 14,042 $ 13,414 $ 26,870 $ 26,055
Securities 221 166 445 299
FHLB and FRB stock dividends 78 57 140 112
Federal funds sold and other 364 24 402 52
Total interest and dividend income 14,705 13,661 27,857 26,518
Interest expense        
Deposits 2,501 2,108 4,185 4,605
FHLB advances and other debt 424 288 894 807
Subordinated debentures 235 225 459 449
Total interest expense 3,160 2,621 5,538 5,861
Net interest income 11,545 11,040 22,319 20,657
Provision for loan and lease losses (1,600) (1,600)
Net interest income after provision for loan and lease losses 11,545 12,640 22,319 22,257
Noninterest income        
Service charges on deposit accounts 289 206 555 399
Net gains on sales of residential mortgage loans 121 (744) 678 5,616
Net gains on sales of SBA loans 143 1,159 143 1,159
Swap fee income 5   18 182
Gain on redemption of life insurance policies 3 383
Earnings on bank owned life insurance 149 138 295 228
Other 101 189 165 214
Total noninterest income 808 951 1,854 8,181
Noninterest expense        
Salaries and employee benefits 3,578 4,551 7,199 9,160
Occupancy and equipment 312 259 631 581
Data processing 529 524 1,049 1,060
Franchise and other taxes 338 243 661 482
Professional fees 645 1,381 1,252 2,596
Director fees 153 158 294 310
Postage, printing and supplies 38 47 81 86
Advertising and marketing 134 1,283 179 2,527
Telephone 61 67 114 126
Loan expenses 106 31 206 88
Depreciation 126 106 241 203
FDIC premiums 227 380 378 619
Regulatory assessment 65 65 131 130
Other insurance 46 40 90 68
Other 114 132 243 200
Total noninterest expense 6,472 9,267 12,749 18,236
Income before incomes taxes 5,881 4,324 11,424 12,202
Income tax expense 1,155 835 2,180 2,292
Net income $ 4,726 $ 3,489 $ 9,244 $ 9,910
Earnings per common share:        
Basic $ 0.74 $ 0.53 $ 1.44 $ 1.52
Diluted $ 0.72 $ 0.52 $ 1.41 $ 1.48