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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Interest income        
Loans, including fees $ 16,024 $ 16,416 $ 31,472 $ 32,170
Securities available for sale        
Taxable 1,393 2,014 2,722 4,557
Tax-exempt 163 182 334 271
Federal funds sold and other 23 26 62 284
Total interest income 17,603 18,638 34,590 37,282
Interest expense        
Deposits 586 1,715 1,351 3,880
Repurchase agreements and other 12 15 24 39
FHLB advances 0 23 0 53
Subordinated debt 59 76 119 159
Total interest expense 657 1,829 1,494 4,131
Net interest income 16,946 16,809 33,096 33,151
Provision for loan losses 428 590 1,076 1,590
Net interest income after provision for loan losses 16,518 16,219 32,020 31,561
Non-interest income        
Service charges on deposit accounts 707 692 1,440 1,798
Electronic banking income 1,101 937 2,108 1,755
Security gains 0 0 1,096 0
Secondary market mortgage income 120 85 231 151
Other 194 176 391 435
Total non-interest income 2,122 1,890 5,266 4,139
Non-interest expenses        
Salaries and employee benefits 5,247 5,267 9,862 10,675
Occupancy and equipment expenses 1,811 1,798 3,600 3,523
Outside data processing 1,732 1,702 3,449 3,233
Professional fees 463 246 866 490
Taxes, other than payroll, property and income 172 252 303 527
Write-downs, expenses, sales of other real estate owned, net 995 354 1,159 422
Amortization of intangibles 223 241 445 483
FDIC insurance 124 72 251 68
Other expenses 1,052 1,147 2,074 2,395
Total non-interest expenses 11,819 11,079 22,009 21,816
Income before income taxes 6,821 7,030 15,277 13,884
Provision for income taxes 1,647 1,524 3,553 3,010
Net income $ 5,174 $ 5,506 $ 11,724 $ 10,874
Net income per share:        
Basic (in dollars per share) $ 0.35 $ 0.38 $ 0.80 $ 0.74
Diluted (in dollars per share) $ 0.35 $ 0.37 $ 0.79 $ 0.74