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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest and dividend income        
Loans and leases, including fees $ 16,876 $ 12,397 $ 43,746 $ 38,452
Securities 219 230 664 529
FHLB and FRB stock dividends 98 55 238 167
Federal funds sold and other 813 21 1,215 73
Total interest and dividend income 18,006 12,703 45,863 39,221
Interest expense        
Deposits 3,992 1,777 8,177 6,382
FHLB advances and other debt 446 289 1,340 1,096
Subordinated debentures 252 224 711 673
Total interest expense 4,690 2,290 10,228 8,151
Net interest income 13,316 10,413 35,635 31,070
Provision for loan and lease losses 150 150 (1,600)
Net interest income after provision for loan and lease losses 13,166 10,413 35,485 32,670
Noninterest income        
Service charges on deposit accounts 268 213 823 612
Net gains (losses) on sales of residential mortgage loans (268) 678 5,348
Net gains (losses) on sales of commercial loans 134 (1) 277 1,158
Swap fee income 24   42 182
Gain on redemption of life insurance policies   383
Earnings on bank owned life insurance 151 142 446 370
Gain on sale of deposits 1,893 1,893
Other 128 98 293 312
Total noninterest income 705 2,077 2,559 10,258
Noninterest expense        
Salaries and employee benefits 4,112 4,250 11,311 13,410
Occupancy and equipment 324 254 955 835
Data processing 1,126 520 2,175 1,580
Franchise and other taxes 178 241 839 723
Professional fees 896 959 2,148 3,555
Director fees 171 156 465 466
Postage, printing and supplies 45 34 126 120
Advertising and marketing 108 45 287 2,572
Telephone 66 65 180 191
Loan expenses 296 99 502 187
Depreciation 134 108 375 311
FDIC premiums 312 476 690 1,095
Regulatory assessment 70 66 201 196
Other insurance 45 45 135 113
Impairment of property and equipment 570   570  
Other 146 111 389 311
Total noninterest expense 8,599 7,429 21,348 25,665
Income before incomes taxes 5,272 5,061 16,696 17,263
Income tax expense 1,023 985 3,203 3,277
Net income $ 4,249 $ 4,076 $ 13,493 $ 13,986
Earnings per common share:        
Basic $ 0.66 $ 0.63 $ 2.11 $ 2.14
Diluted $ 0.65 $ 0.61 $ 2.06 $ 2.10