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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest and Dividend Income    
Interest and fees on loans and loans held for sale $ 18,268 $ 19,424
Interest on investment securities available for sale 1,135 778
Dividends on marketable equity securities 112 87
Interest on investment securities held to maturity 273 246
Dividends on Federal Home Loan Bank stock 28 23
Interest on deposits in other banks 242 38
Total Interest and Dividend Income 20,058 20,596
Interest Expense    
Interest expense on deposits 575 949
Interest expense on borrowings 86 60
Interest expense on junior subordinated debentures 93 94
Total Interest Expense 754 1,103
Net Interest Income 19,304 19,493
(Benefit) provision for credit losses (150) (1,488)
Net Interest Income After (Benefit) Provision for Credit Losses 19,454 20,981
Other Operating Income    
Mortgage banking income 6,982 13,622
Keyman life insurance proceeds 2,002 0
Purchased receivable income 402 532
Unrealized (loss) on marketable equity securities (422) (84)
Other income 681 796
Total Other Operating Income 10,823 15,896
Other Operating Expense    
Salaries and other personnel expense 14,106 14,728
Data processing expense 1,992 2,035
Occupancy expense 1,726 1,660
Professional and outside services 722 624
Insurance expense 566 314
Marketing expense 425 404
Intangible asset amortization expense 6 9
OREO (income) expense, net rental income and gains on sale (12) (36)
Other operating expense 1,570 1,589
Total Other Operating Expense 21,101 21,327
Income Before Provision for Income Taxes 9,176 15,550
Provision for income taxes 1,950 3,369
Net Income $ 7,226 $ 12,181
Earnings Per Share, Basic (in USD per share) $ 1.22 $ 1.96
Earnings Per Share, Diluted (in USD per share) $ 1.20 $ 1.94
Weighted Average Shares Outstanding, Basic (in shares) 5,938,037 6,219,871
Weighted Average Shares Outstanding, Diluted (in shares) 5,997,351 6,277,177
Bankcard fees    
Other Operating Income    
Bankcard fees and Service charges on deposit accounts $ 804 $ 740
Service charges on deposit accounts    
Other Operating Income    
Bankcard fees and Service charges on deposit accounts $ 374 $ 290