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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Interest Income        
Loans, including fees $ 18,766 $ 16,181 $ 50,637 $ 48,256
Debt securities:        
U.S. Treasury and government agencies 924 761 2,532 2,674
Municipalities 284 279 881 784
Dividends 44 36 125 107
Federal funds sold 10 4 21 15
Other 94 32 221 194
Total interest income 20,122 17,293 54,417 52,030
Interest Expense        
Deposits 1,221 1,864 3,837 7,019
Federal funds purchased and securities sold under agreements to repurchase 165 174 494 605
Borrowed funds 87 231 424 754
Subordinated notes 199   199  
Total interest expense 1,672 2,269 4,954 8,378
Net Interest Income - Before Provision for Loan Losses 18,450 15,024 49,463 43,652
Provision for Loan Losses 659 1,987 3,000 4,986
Net Interest Income After Provision for Loan Losses 17,791 13,037 46,463 38,666
Noninterest Income        
Net gain on sale of loans 822 1,537 2,823 2,128
Net gain on sale of available-for-sale securities     293 270
Total noninterest income 4,074 4,715 13,092 11,163
Noninterest Expense        
Salaries and wages 5,442 5,102 14,423 13,420
Employee benefits 1,621 1,566 5,530 4,461
Net occupancy expense 529 558 1,652 1,686
Furniture and equipment 903 875 2,542 2,383
Data processing 1,548 490 2,481 1,340
Franchise taxes 372 368 1,112 1,105
ATM expense 460 444 1,368 1,234
Advertising 439 411 1,005 979
Net (gain) loss on sale of other assets owned 219 (7) 421 (13)
FDIC assessment 296 194 808 410
Mortgage servicing rights amortization 285 296 1,314 784
Consulting fees 256 205 873 561
Other general and administrative 1,951 1,553 6,211 4,740
Total noninterest expense 14,321 12,055 39,740 33,090
Income Before Income Taxes 7,544 5,697 19,815 16,739
Income Taxes 1,624 1,287 4,003 3,420
Net Income $ 5,920 $ 4,410 $ 15,812 $ 13,319
Basic and Diluted Earnings Per Share $ 0.53 $ 0.40 $ 1.41 $ 1.20
Dividends Declared $ 0.18 $ 0.17 $ 0.52 $ 0.49
Customer Service Fees [Member]        
Noninterest Income        
Noninterest income $ 2,242 $ 2,299 $ 7,254 $ 6,143
Other Service Charges and Fees [Member]        
Noninterest Income        
Noninterest income $ 1,010 $ 879 $ 2,722 $ 2,622