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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest income    
Loans $ 22,465 $ 23,367
Investment securities 301 396
Federal funds sold and interest-bearing deposits with banks 47 103
Total interest income 22,813 23,866
Interest expense    
Deposits 1,155 5,174
Borrowings 385 594
Total interest expense 1,540 5,768
Net interest income 21,273 18,098
Provision for loan losses (300) 6,000
Net interest income after provision for loan losses 21,573 12,098
Noninterest income    
Mortgage banking income 4,633 2,668
Service fees on deposit accounts 185 262
ATM and debit card income 470 398
Income from bank owned life insurance 267 270
Other income 349 318
Total noninterest income 5,904 3,916
Noninterest expenses    
Compensation and benefits 6,683 6,390
Mortgage production costs 2,867 1,807
Occupancy 1,637 1,533
Other real estate owned expenses 387
Outside service and data processing costs 1,142 1,070
Insurance 301 320
Professional fees 421 400
Marketing 182 230
Other 542 622
Total noninterest expenses 14,162 12,372
Income before income tax expense 13,315 3,642
Income tax expense 2,949 810
Net income available to common shareholders $ 10,366 $ 2,832
Earnings per common share    
Basic $ 1.33 $ 0.37
Diluted $ 1.31 $ 0.36
Weighted average common shares outstanding    
Basic 7,774,515 7,678,598
Diluted 7,908,537 7,827,173