XML 16 R4.htm IDEA: XBRL DOCUMENT v3.21.2
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 AND DIVIDEND INCOME        
Loans, including fees $ 6,897 $ 7,190 $ 19,993 $ 21,145
Taxable securities 677 372 1,840 1,462
Nontaxable securities 117 110 339 343
Other 114 42 228 312
Total interest and dividend income 7,805 7,714 22,400 23,262
INTEREST EXPENSE        
Deposits 450 636 1,496 2,139
Short-term borrowings 13 14 41 75
Other borrowings 17 23 59 79
Total interest expense 480 673 1,596 2,293
NET INTEREST INCOME 7,325 7,041 20,804 20,969
(RECOVERY OF) PROVISION FOR LOAN LOSSES (210) 377 (655) 1,272
Net interest income, after (recovery of) provision for loan losses 7,535 6,664 21,459 19,697
NONINTEREST INCOME        
Gain on sale of loans, net 270 567 1,174 1,189
Earnings on bank owned life insurance 163 131 457 390
Unrealized gain or (loss) on equity securities, net 8 (1) 20 (10)
Other income 310 244 852 653
Total noninterest income 1,768 1,862 5,489 4,846
NONINTEREST EXPENSE        
Salaries and employee benefits 3,228 2,959 9,301 8,603
Occupancy expense 270 246 771 711
Equipment expense 170 172 519 505
Professional and director fees 180 232 831 843
Financial institutions and franchise tax expense 188 171 563 513
Marketing and public relations 147 96 324 289
Software expense 318 269 954 755
Debit card expense 181 165 524 451
Amortization of intangible assets 11 15 33 45
FDIC insurance expense 130 91 358 103
Provision for unfunded loan commitments 210 17 210 17
Other expenses 680 617 1,996 1,931
Total noninterest expense 5,713 5,050 16,384 14,766
Income before income taxes 3,590 3,476 10,564 9,777
FEDERAL INCOME TAX PROVISION 689 676 2,033 1,888
NET INCOME $ 2,901 $ 2,800 $ 8,531 $ 7,889
Basic and diluted net earnings per share $ 1.06 $ 1.02 $ 3.12 $ 2.88
Deposit Account [Member]        
NONINTEREST INCOME        
Noninterest income $ 250 $ 252 $ 676 $ 753
Fiduciary and Trust [Member]        
NONINTEREST INCOME        
Noninterest income 252 236 798 662
Debit Card [Member]        
NONINTEREST INCOME        
Noninterest income $ 515 $ 433 $ 1,512 $ 1,209