CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2022 |
Jun. 30, 2021 |
Jun. 30, 2022 |
Jun. 30, 2021 |
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| Interest income | ||||
| Loans, including fees | $ 10,344 | $ 13,303 | $ 20,741 | $ 26,770 |
| Securities | ||||
| Taxable | 2,618 | 792 | 4,052 | 1,579 |
| Tax-exempt | 702 | 760 | 1,434 | 1,518 |
| FHLB Stock | 51 | 56 | 102 | 117 |
| Federal funds sold and other short-term investments | 1,720 | 273 | 2,249 | 474 |
| Total interest income | 15,435 | 15,184 | 28,578 | 30,458 |
| Interest expense | ||||
| Deposits | 245 | 244 | 403 | 523 |
| Other borrowings | 347 | 328 | 667 | 681 |
| Long-term debt | 0 | 155 | 0 | 307 |
| Total interest expense | 592 | 727 | 1,070 | 1,511 |
| Net interest income | 14,843 | 14,457 | 27,508 | 28,947 |
| Provision for loan losses | 0 | (750) | (1,500) | (750) |
| Net interest income after provision for loan losses | 14,843 | 15,207 | 29,008 | 29,697 |
| Noninterest income | ||||
| Service charges and fees | 1,218 | 1,065 | 2,430 | 2,057 |
| Net gains on mortgage loans | 199 | 1,311 | 508 | 3,326 |
| Trust fees | 1,096 | 1,133 | 2,184 | 2,138 |
| ATM and debit card fees | 1,762 | 1,683 | 3,360 | 3,168 |
| Bank owned life insurance ("BOLI") income | 230 | 250 | 470 | 526 |
| Other | 626 | 727 | 1,144 | 1,492 |
| Total noninterest income | 5,131 | 6,169 | 10,096 | 12,707 |
| Noninterest expense | ||||
| Salaries and benefits | 6,402 | 6,502 | 12,691 | 12,914 |
| Occupancy of premises | 1,071 | 994 | 2,243 | 2,031 |
| Furniture and equipment | 988 | 978 | 2,004 | 1,915 |
| Legal and professional | 271 | 274 | 465 | 496 |
| Marketing and promotion | 195 | 175 | 390 | 350 |
| Data processing | 924 | 855 | 1,808 | 1,762 |
| FDIC assessment | 197 | 159 | 377 | 329 |
| Interchange and other card expense | 406 | 388 | 779 | 746 |
| Bond and D&O Insurance | 129 | 111 | 259 | 222 |
| Other | 1,330 | 1,282 | 2,636 | 2,438 |
| Total noninterest expenses | 11,913 | 11,718 | 23,652 | 23,203 |
| Income before income tax | 8,061 | 9,658 | 15,452 | 19,201 |
| Income tax expense | 1,493 | 1,840 | 2,884 | 3,605 |
| Net income | $ 6,568 | $ 7,818 | $ 12,568 | $ 15,596 |
| Basic earnings per common share (in dollars per share) | $ 0.19 | $ 0.23 | $ 0.37 | $ 0.46 |
| Diluted earnings per common share (in dollars per share) | 0.19 | 0.23 | 0.37 | 0.46 |
| Cash dividends per common share (in dollars per share) | $ 0.08 | $ 0.08 | $ 0.16 | $ 0.16 |
| X | ||||||||||
- Definition Amount of fees earned on ATM and Bank-issued debit card transactions. No definition available.
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- Definition Costs associated with interchange and other card expense. No definition available.
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- Definition The non-interest income earned through service charges and fees for deposit related services. No definition available.
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- Definition The non-interest income earned through trust fees. No definition available.
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- Definition Earnings on or other increases in the value of the cash surrender value of bank owned life insurance policies. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate dividends paid during the period for each share of common stock outstanding. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition This element represents equipment expense including depreciation, repairs, rentals, and service contract costs. This item also includes equipment purchases which do not qualify for capitalization in accordance with the entity's accounting policy. This item may also include furniture expenses. No definition available.
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- Definition Amount of expense for Federal Deposit Insurance Corporation (FDIC) insurance. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The gains (losses) included in earnings that represent the difference between the sale price and the carrying value of loans made to finance real estate acquisitions. This element refers to the gain (loss) and not to the cash proceeds of the sale. This element is a noncash adjustment to net income when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The expense in the period incurred with respect to protection provided by insurance entities against risks other than risks associated with production (which are allocated to cost of sales). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of expenses incurred in the period for information technology and data processing products and services. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Represents the total of interest and dividend income, including any amortization and accretion (as applicable) of discounts and premiums, earned from (1) loans and leases whether held-for-sale or held-in-portfolio; (2) investment securities; (3) federal funds sold; (4) securities purchased under agreements to resell; (5) investments in banker's acceptances, commercial paper, or certificates of deposit; (6) dividend income; or (7) other investments not otherwise specified herein. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- References No definition available.
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- Definition The aggregate interest and fee income generated by: (1) loans the Entity has positive intent and ability to hold for the foreseeable future, or until maturity or payoff, including commercial and consumer loans, whether domestic or foreign, which may consist of: (a) industrial and agricultural; (b) real estate; and (c) real estate construction loans; (d) trade financing; (e) lease financing; (f) home equity lines-of-credit; (g) automobile and other vehicle loans; and (h) credit card and other revolving-type loans and (2) loans and leases held-for-sale which may include mortgage loans, direct financing, and sales-type leases. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Aggregate amount of interest expense on all deposits. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Interest expense incurred during the reporting period on long-term borrowings associated with Federal Home Loan Bank and Federal Reserve Bank advances. No definition available.
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- Definition Interest expense incurred during the reporting period on subordinated notes and debentures. Includes amortization of expenses incurred in the issuance of subordinated notes and debentures. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of interest income or expense, including any amortization and accretion (as applicable) of discounts and premiums, including consideration of the provisions for loan, lease, credit, and other related losses. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The net amount of operating interest income (expense). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate interest income earned from (1) the lending of excess federal funds to another commercial bank requiring such for its legal reserve requirements and (2) securities purchased under agreements to resell. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of interest income from Federal Home Loan Bank (FHLBank) advances to member financial institutions. No definition available.
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- Definition Amount of operating interest income, including amortization and accretion of premiums and discounts, on securities exempt from state, federal and other income tax. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of operating interest income, including amortization and accretion of premiums and discounts, on securities subject to state, federal and other income tax. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The total expense recognized in the period for promotion, public relations, and brand or product advertising. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Total aggregate amount of all noninterest expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The total amount of noninterest income which may be derived from: (1) fees and commissions; (2) premiums earned; (3) insurance policy charges; (4) the sale or disposal of assets; and (5) other sources not otherwise specified. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of revenue earned, classified as other, excluding interest income. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of net occupancy expense that may include items, such as depreciation of facilities and equipment, lease expenses, property taxes and property and casualty insurance expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of noninterest expense classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of credit loss expense (reversal of expense) for financing receivable. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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