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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest income    
Loans $ 21,511 $ 20,166
Investment securities - taxable 1,879 3,438
Investment securities - tax-exempt 500 284
Short-term investments 39 79
Total interest income 23,929 23,967
Interest expense    
Deposits 1,392 4,354
Securities sold under agreements to repurchase 9 32
FHLB advances and other 171 818
Subordinated notes 502 501
Total interest expense 2,074 5,705
Net interest income 21,855 18,262
Provision for loan losses (1,000) 925
Net interest income after provision for loan losses 22,855 17,337
Noninterest income    
Service charges on deposit accounts 737 847
Interchange income 955 788
Other service charges, commissions and fees 148 140
Swap fee income 53 200
Trust and investment management income 1,912 1,640
Brokerage income 811 719
Mortgage banking activities 2,189 332
Gains on sale of portfolio loans 0 1,878
Income from life insurance 557 540
Investment securities gains (losses) 145 (40)
Other income 37 30
Total noninterest income 7,544 7,074
Noninterest expenses    
Salaries and employee benefits 10,197 11,594
Occupancy 1,240 1,127
Furniture and equipment 1,278 1,162
Data processing 1,019 871
Automated teller and interchange fees 249 251
Advertising and bank promotions 425 789
FDIC insurance 194 47
Other professional services 721 716
Directors' compensation 234 201
Taxes other than income 451 0
Intangible asset amortization 334 463
Insurance claim receivable recovery 0 (486)
Other operating expenses 1,441 1,569
Total noninterest expenses 17,783 18,304
Income before income tax expense 12,616 6,107
Income tax expense 2,409 1,039
Net income $ 10,207 $ 5,068
Per share information:    
Basic earnings per share (in usd per share) $ 0.93 $ 0.46
Diluted earnings per share (in usd per share) 0.92 0.46
Dividends paid per share (in usd per share) $ 0.18 $ 0.17