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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest Income    
Interest and fees on loans $ 8,100 $ 8,550
Interest on interest-bearing deposits 49 28
Interest on securities – taxable 2,473 1,783
Interest on securities – nontaxable 428 521
Total interest income 11,050 10,882
Interest Expense    
Interest on deposits 655 855
Net interest income 10,395 10,027
Provision for loan losses 134 50
Net interest income after provision for loan losses 10,261 9,977
Noninterest Income:    
Noninterest Income 1,708 1,757
BOLI income 238 206
Gain on sale of mortgage loans 61 137
Other income 492 627
Realized securities gain, net 0 5
Total noninterest income 2,291 2,334
Noninterest Expense    
Salaries and employee benefits 3,978 3,906
Occupancy, furniture and fixtures 492 488
Data processing and ATM 787 778
FDIC assessment 111 83
Net costs of other real estate owned 10 37
Franchise taxes 362 335
Other operating expenses 873 909
Total noninterest expense 6,613 6,536
Income before income taxes 5,939 5,775
Income tax expense 1,053 1,009
Net Income $ 4,886 $ 4,766
Basic and fully diluted net income per common share (in dollars per share) $ 0.81 $ 0.74
Weighted average number of common shares outstanding, basic and diluted (in shares) 6,047,230 6,407,685
Dividends declared per common share (in dollars per share) $ 0 $ 0
Deposit Account [Member]    
Noninterest Income:    
Noninterest Income $ 562 $ 469
Product and Service, Other [Member]    
Noninterest Income:    
Noninterest Income 55 41
Credit and Debit Card [Member]    
Noninterest Income:    
Noninterest Income 440 434
Fiduciary and Trust [Member]    
Noninterest Income:    
Noninterest Income $ 443 $ 415