Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF INCOME

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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Interest income    
Loans, including fees $ 58,717 $ 63,609
Securities    
Taxable 3,700 3,864
Tax-exempt 3,412 3,518
FHLB Stock 427 614
Federal funds sold and other short-term investments 968 4,337
Total interest income 67,224 75,942
Interest expense    
Deposits 3,488 8,854
Other borrowings 1,429 1,369
Long-term debt 770 2,232
Total interest expense 5,687 12,455
Net interest income 61,537 63,487
Provision for loan losses 3,000 (450)
Net interest income after provision for loan losses 58,537 63,937
Noninterest income    
Service charges and fees 4,030 4,415
Net gains on mortgage loans 6,477 2,347
Trust fees 3,758 3,812
ATM and debit card fees 5,699 5,753
BOLI income 874 972
Other 3,138 2,429
Total noninterest income 23,976 19,728
Noninterest expense    
Salaries and benefits 25,530 24,679
Occupancy of premises 3,955 3,994
Furniture and equipment 3,678 3,420
Legal and professional 1,104 952
Marketing and promotion 891 919
Data processing 3,357 2,980
FDIC assessment 400 239
Interchange and other card expense 1,406 1,414
Bond and D&O Insurance 418 413
Net losses (gains) on repossessed and foreclosed properties 19 (24)
Administration and disposition of problem assets 96 277
Other 4,871 4,961
Total noninterest expenses 45,725 44,224
Income before income tax 36,788 39,441
Income tax expense 6,623 7,462
Net income $ 30,165 $ 31,979
Basic earnings per common share (in dollars per share) $ 0.88 $ 0.94
Diluted earnings per common share (in dollars per share) 0.88 0.94
Cash dividends per common share (in dollars per share) $ 0.32 $ 0.28