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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Interest income        
Loans $ 19,890 $ 21,645 $ 62,724 $ 63,605
Investment securities - taxable 1,514 2,145 5,007 8,378
Investment securities - tax-exempt 652 417 1,790 1,121
Short-term investments 135 9 255 101
Total interest income 22,191 24,216 69,776 73,205
Interest expense        
Deposits 937 2,483 3,410 10,147
Securities sold under agreements to repurchase 8 20 25 72
FHLB advances and other borrowings 123 394 458 1,604
Subordinated notes 503 501 1,507 1,504
Total interest expense 1,571 3,398 5,400 13,327
Net interest income 20,620 20,818 64,376 59,878
Provision for loan losses 365 2,200 (10) 5,025
Net interest income after provision for loan losses 20,255 18,618 64,386 54,853
Noninterest income        
Service charges on deposit accounts 796 684 2,231 2,085
Interchange income 1,030 900 3,049 2,507
Other service charges and fees 197 168 527 473
Swap fee income 67 95 135 527
Trust and investment management income 1,930 1,713 5,862 5,049
Brokerage income 987 751 2,708 2,069
Mortgage banking activities 1,333 1,985 4,684 3,926
Gains on sale of portfolio loans 0 0 0 2,803
Income from life insurance 569 543 1,690 1,615
Investment securities gains (losses) 479 (13) 635 (44)
Other income 263 35 338 118
Total noninterest income 7,651 6,861 21,859 21,128
Noninterest expenses        
Salaries and employee benefits 11,498 10,695 31,907 32,352
Occupancy 1,154 1,231 3,492 3,480
Furniture and equipment 1,220 1,203 3,800 3,569
Data processing 990 958 3,041 2,620
Automated teller and interchange fees 294 278 862 778
Advertising and bank promotions 735 197 1,434 1,153
FDIC insurance 218 230 570 491
Professional services 562 603 1,862 2,340
Directors' compensation 155 214 624 679
Taxes other than income 16 453 929 904
Intangible asset amortization 314 357 972 1,224
Branch consolidation expenses 0 1,310 0 1,310
Insurance claim receivable recovery 0 0 0 (486)
Other operating expenses 1,879 1,536 4,358 5,586
Total noninterest expenses 19,035 19,265 53,851 56,000
Income before income tax expense 8,871 6,214 32,394 19,981
Income tax expense 1,679 1,237 6,219 3,577
Net income $ 7,192 $ 4,977 $ 26,175 $ 16,404
Per share information:        
Basic earnings per share (in usd per share) $ 0.66 $ 0.45 $ 2.38 $ 1.50
Diluted earnings per share (in usd per share) 0.65 0.45 2.36 1.49
Dividends paid per share (in usd per share) $ 0.19 $ 0.17 $ 0.55 $ 0.51