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Unaudited Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest income:    
Loans, including fees $ 15,553 $ 12,724
Taxable securities 1,363 1,431
Nontaxable securities 536 436
Federal funds sold 7  
Other interest income 29 130
Total interest income 17,488 14,721
Interest expense:    
Deposits 1,119 2,066
Short-term borrowings 3 7
Subordinated debentures 102  
Note payable 246 355
Total interest expense 1,470 2,428
Net interest income 16,018 12,293
Provision for loan losses 1,186 1,316
Net interest income after provision for loan losses 14,832 10,977
Noninterest income:    
Service charges and fees 1,342 1,302
Investment brokerage revenue 63 35
Mortgage operations 1,848 734
Bank owned life insurance income 269 199
Net gain (loss) on sale of investment securities 7 (46)
Other noninterest income 131 137
Total noninterest income 3,660 2,361
Noninterest expense:    
Salaries and employee benefits 5,915 5,079
Occupancy expenses 574 581
Equipment rentals, depreciation, and maintenance 275 298
Telephone and communications 177 117
Advertising and business development 136 143
Data processing 664 740
Foreclosed assets, net 41 87
Federal deposit insurance and other regulatory assessments 293 126
Legal and other professional services 279 189
Other operating expenses 1,440 1,346
Total noninterest expense 9,794 8,706
Income before income taxes 8,698 4,632
Provision for income taxes 1,911 927
Net income $ 6,787 $ 3,705
Basic net earnings per common share $ 1.04 $ 0.57
Diluted net earnings per common share 1.03 0.56
Dividends per common share $ 0.40 $ 0.36