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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest and dividend income    
Loans, including fees $ 22,783 $ 21,673
Taxable securities 1,275 1,416
Tax-exempt securities 1,518 1,512
Federal funds sold and other 149 401
Total interest and dividend income 25,725 25,002
Interest expense    
Deposits 1,260 1,985
Federal Home Loan Bank advances 443 581
Subordinated debentures 186 313
Securities sold under agreements to repurchase and other 8 8
Total interest expense 1,897 2,887
Net interest income 23,828 22,115
Provision for loan losses 830 2,126
Net interest income after provision for loan losses 22,998 19,989
Noninterest income    
Service charges 1,256 1,468
Net loss on sale of securities (1)  
Net gain (loss) on equity securities 88 (141)
Net gain on sale of loans 2,745 827
ATM/Interchange fees 1,248 894
Wealth management fees 1,146 1,006
Bank owned life insurance 243 250
Tax refund processing fees 1,900 1,900
Swap fees 76 338
Other 489 334
Total noninterest income 9,190 6,876
Noninterest expense    
Compensation expense 11,782 10,871
Net occupancy expense 1,224 976
Equipment expense 414 506
Contracted data processing 443 450
FDIC assessment 259 87
State franchise tax 625 492
Professional services 738 737
Amortization of intangible assets 223 231
ATM/Interchange expense 593 447
Marketing 299 356
Software maintenance expense 508 437
Other operating expenses 2,282 2,266
Total noninterest expense 19,390 17,856
Income before taxes 12,798 9,009
Income tax expense 2,040 1,176
Net Income $ 10,758 $ 7,833
Earnings per common share, basic $ 0.68 $ 0.47
Earnings per common share, diluted $ 0.68 $ 0.47