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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest income:        
Loans, including fees $ 22,489 $ 22,203 $ 67,132 $ 63,699
Investment securities:        
Taxable 1,728 2,445 6,105 7,405
Tax-exempt 378 353 994 1,675
Federal funds sold 15 611 256 819
Total interest income 24,610 25,612 74,487 73,598
Interest expense:        
Deposits 1,946 6,771 9,343 19,405
Federal funds purchased 2 17 21 219
Subordinated notes 254 258 762 766
Federal Home Loan Bank advances 1,189 1,300 3,702 3,666
Long-term debt 87 150 316 499
Total interest expense 3,478 8,496 14,144 24,555
Net interest income 21,132 17,116 60,343 49,043
Provision for loan losses 4,000 300 8,000 [1] 300 [1]
Net interest income after provision for loan losses 17,132 16,816 52,343 48,743
Noninterest income:        
Increase in cash value of bank-owned life insurance 133 168 427 482
Loan swap fees 983 0 1,572 0
Realized investment securities gains (losses), net 156 1 81 (64)
Other income 337 361 993 1,246
Total noninterest income 3,203 2,158 7,498 6,276
Noninterest expense:        
Salaries and employee benefits 5,412 5,440 16,014 16,324
Occupancy 1,383 1,379 4,092 3,956
Data processing 614 695 1,882 2,091
FDIC insurance 351 0 880 404
Professional fees 230 204 669 647
Director fees 236 233 664 742
Other expenses 1,833 1,585 4,938 4,666
Total noninterest expense 10,059 9,536 29,139 28,830
Income before income taxes 10,276 9,438 30,702 26,189
Income taxes 2,176 1,912 6,544 5,106
Net income $ 8,100 $ 7,526 $ 24,158 $ 21,083
Basic earnings per common share $ 0.49 $ 0.46 $ 1.47 $ 1.29
Diluted earnings per common share $ 0.49 $ 0.46 $ 1.46 $ 1.28
Service charges on deposit accounts [Member]        
Noninterest income:        
Revenue from contract with customer, including assessed tax $ 609 $ 630 $ 1,743 $ 1,841
Debit card usage fees [Member]        
Noninterest income:        
Revenue from contract with customer, including assessed tax 432 426 1,205 1,235
Trust services [Member]        
Noninterest income:        
Revenue from contract with customer, including assessed tax $ 553 $ 572 $ 1,477 $ 1,536
[1] The negative provisions for the various segments are related to the decline in outstanding balances in each of those portfolio segments during the time periods disclosed and/or improvement in the credit quality factors related to those portfolio segments.