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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest and Dividend Income        
Interest and fees on loans $ 17,334 $ 17,499 $ 35,518 $ 35,338
Interest on investment securities, taxable 1,893 993 3,273 1,762
Interest on investment securities, tax-exempt 30 30 60 60
Dividends 64 66 124 131
Interest on deposits in banks 234 39 325 83
Total interest and dividend income 19,555 18,627 39,300 37,374
Interest Expense        
Deposits 1,698 1,735 3,021 3,795
Federal Home Loan Bank advances 12 30 42 63
Subordinated debt 537 371 1,013 743
Total interest expense 2,247 2,136 4,076 4,601
Net interest income 17,308 16,491 35,224 32,773
Provision for loan losses   90   2,455
Net interest income after provision for loan losses 17,308 16,401 35,224 30,318
Non-interest Income        
Service charges on deposit accounts 84 60 161 118
Bank owned life insurance 95 100 190 207
Other service charges and fees 157 116 294 220
Gains on securities       10
Insurance commissions 44 22 265 177
Other operating income (loss) (271) 119 (387) 149
Total non-interest income 109 417 523 881
Non-interest Expenses        
Salaries and employee benefits 4,655 5,680 10,682 10,669
Occupancy expense of premises 482 514 975 1,021
Furniture and equipment expenses 341 378 666 700
Other operating expenses 2,203 2,495 4,144 4,570
Total non-interest expenses 7,681 9,067 16,467 16,960
Income before income taxes 9,736 7,751 19,280 14,239
Income tax expense 1,854 1,672 3,724 3,086
Net income $ 7,882 $ 6,079 $ 15,556 $ 11,153
Earnings per share, basic $ 0.56 $ 0.45 $ 1.11 $ 0.82
Earnings per share, diluted $ 0.56 $ 0.44 $ 1.10 $ 0.80