XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest income        
Loans $ 22,027 $ 21,323 $ 43,396 $ 42,834
Investment securities - taxable 1,957 1,614 3,555 3,493
Investment securities - tax-exempt 1,131 638 1,853 1,138
Short-term investments 235 81 336 120
Total interest income 25,350 23,656 49,140 47,585
Interest expense        
Deposits 701 1,081 1,386 2,473
Securities sold under agreements to repurchase 7 8 14 17
FHLB advances and other borrowings 21 164 43 335
Subordinated notes 503 502 1,006 1,004
Total interest expense 1,232 1,755 2,449 3,829
Net interest income 24,118 21,901 46,691 43,756
Provision for loan losses 1,775 625 2,075 (375)
Net interest income after provision for loan losses 22,343 21,276 44,616 44,131
Noninterest income        
Service charges on deposit accounts 964 698 1,884 1,435
Interchange income 1,064 1,064 2,045 2,019
Other service charges and fees 230 182 383 330
Swap fee income 785 15 1,738 68
Trust and investment management income 1,905 2,020 3,846 3,932
Brokerage income 989 910 1,917 1,721
Mortgage banking activities 498 1,162 1,219 3,351
Income from life insurance 593 564 1,159 1,121
Investment securities (losses) gains (3) 11 (149) 156
Other income 169 38 626 75
Total noninterest income 7,194 6,664 14,668 14,208
Noninterest expenses        
Salaries and employee benefits 11,312 10,212 22,649 20,409
Occupancy 1,132 1,098 2,420 2,338
Furniture and equipment 1,291 1,302 2,570 2,580
Data processing 1,165 1,032 2,218 2,051
Automated teller and interchange fees 318 319 623 568
Advertising and bank promotions 881 274 1,236 699
FDIC insurance 190 158 473 352
Professional services 722 579 1,530 1,300
Directors' compensation 230 235 461 469
Taxes other than income 108 462 672 913
Intangible asset amortization 281 324 573 658
Other operating expenses 1,164 1,038 2,733 2,479
Total noninterest expenses 18,794 17,033 38,158 34,816
Income before income tax expense 10,743 10,907 21,126 23,523
Income tax expense 1,872 2,131 3,887 4,540
Net income $ 8,871 $ 8,776 $ 17,239 $ 18,983
Per share information:        
Basic earnings per share (in usd per share) $ 0.84 $ 0.80 $ 1.61 $ 1.73
Diluted earnings per share (in usd per share) 0.83 0.79 1.59 1.71
Dividends paid per share (in usd per share) $ 0.19 $ 0.18 $ 0.38 $ 0.36