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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Interest income        
Loans $ 21,323 $ 21,794 $ 42,834 $ 41,960
Investment securities - taxable 1,614 2,795 3,493 6,233
Investment securities - tax-exempt 638 420 1,138 704
Short-term investments 81 13 120 92
Total interest income 23,656 25,022 47,585 48,989
Interest expense        
Deposits 1,081 3,310 2,473 7,664
Securities sold under agreements to repurchase 8 152 17 184
FHLB advances and other 164 260 335 1,078
Subordinated notes 502 502 1,004 1,003
Total interest expense 1,755 4,224 3,829 9,929
Net interest income 21,901 20,798 43,756 39,060
Provision for loan losses 625 1,900 (375) 2,825
Net interest income after provision for loan losses 21,276 18,898 44,131 36,235
Noninterest income        
Service charges on deposit accounts 698 554 1,435 1,401
Interchange income 1,064 819 2,019 1,607
Other service charges, commissions and fees 182 165 330 305
Swap fee income 15 232 68 432
Trust and investment management income 2,020 1,696 3,932 3,336
Brokerage income 910 599 1,721 1,318
Mortgage banking activities 1,162 1,609 3,351 1,941
Gains on sale of portfolio loans 0 925 0 2,803
Income from life insurance 564 532 1,121 1,072
Investment securities gains (losses) 11 9 156 (31)
Other income 38 53 75 83
Total noninterest income 6,664 7,193 14,208 14,267
Noninterest expenses        
Salaries and employee benefits 10,212 10,063 20,409 21,657
Occupancy 1,098 1,122 2,338 2,249
Furniture and equipment 1,302 1,204 2,580 2,366
Data processing 1,032 791 2,051 1,662
Automated teller and interchange fees 319 249 568 500
Advertising and bank promotions 274 167 699 956
FDIC insurance 158 214 352 261
Professional services 579 1,021 1,300 1,737
Directors' compensation 235 264 469 465
Taxes other than income 462 449 913 451
Intangible asset amortization 324 404 658 867
Insurance claim receivable recovery 0 0 0 (486)
Other operating expenses 1,038 2,483 2,479 4,050
Total noninterest expenses 17,033 18,431 34,816 36,735
Income before income tax expense 10,907 7,660 23,523 13,767
Income tax expense 2,131 1,301 4,540 2,340
Net income $ 8,776 $ 6,359 $ 18,983 $ 11,427
Per share information:        
Basic earnings per share (in usd per share) $ 0.80 $ 0.58 $ 1.73 $ 1.04
Diluted earnings per share (in usd per share) 0.79 0.58 1.71 1.04
Dividends paid per share (in usd per share) $ 0.18 $ 0.17 $ 0.36 $ 0.34