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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 $ 8,815 $ 8,385
Interest on securities available for sale    
Taxable 1,429 1,079
Tax-exempt 1,029 952
Interest on deposits at other banks 37 22
Dividend income 94 92
Total interest and dividend income 11,404 10,530
Interest expense:    
Interest on deposits 252 314
Interest on borrowings 431 537
Total interest expense 683 851
Net interest income 10,721 9,679
Provision for loan losses 100 375
Net interest income after provision for loan losses 10,621 9,304
Other income:    
Trust and investment services income 671 670
Service fees 588 614
Commissions 869 864
Gains on the sale of debt securities, net 139 87
(Losses) gains on equity securities, net (8) 248
Gains on sale of mortgages 735 1,930
Earnings on bank-owned life insurance 190 216
Other income 492 689
Total other income 3,676 5,318
Operating expenses:    
Salaries and employee benefits 6,512 5,699
Occupancy 718 683
Equipment 265 267
Advertising & marketing 279 190
Computer software & data processing 1,138 1,098
Shares tax 351 280
Professional services 630 439
Other expense 715 531
Total operating expenses 10,608 9,187
Income before income taxes 3,689 5,435
Provision for federal income taxes 498 931
Net income $ 3,191 $ 4,504
Earnings per share of common stock $ 0.57 $ 0.81
Cash dividends paid per share $ 0.17 $ 0.17
Weighted average shares outstanding 5,584,603 5,561,603