v3.22.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest income    
Loans, including fees $ 10,397 $ 13,467
Securities    
Taxable 1,434 787
Tax-exempt 732 758
FHLB Stock 51 61
Federal funds sold and other short-term investments 529 201
Total interest income 13,143 15,274
Interest expense    
Deposits 158 279
Other borrowings 320 352
Long-term debt 0 153
Total interest expense 478 784
Net interest income 12,665 14,490
Provision for loan losses (1,500) 0
Net interest income after provision for loan losses 14,165 14,490
Noninterest income    
Service charges and fees 1,211 992
Net gains on mortgage loans 308 2,015
Trust fees 1,088 1,005
ATM and debit card fees 1,599 1,485
Bank owned life insurance ("BOLI") income 240 276
Other 519 766
Total noninterest income 4,965 6,539
Noninterest expense    
Salaries and benefits 6,289 6,412
Occupancy of premises 1,172 1,037
Furniture and equipment 1,016 937
Legal and professional 194 222
Marketing and promotion 195 175
Data processing 884 908
FDIC assessment 180 170
Interchange and other card expense 373 358
Bond and D&O Insurance 130 111
Other 1,306 1,155
Total noninterest expenses 11,739 11,485
Income before income tax 7,391 9,544
Income tax expense 1,391 1,766
Net income $ 6,000 $ 7,778
Basic earnings per common share (in dollars per share) $ 0.18 $ 0.23
Diluted earnings per common share (in dollars per share) 0.18 0.23
Cash dividends per common share (in dollars per share) $ 0.08 $ 0.08

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