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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
INTEREST AND DIVIDEND INCOME    
Loans, including fees $ 78,967,000 $ 63,653,000
Securities:    
Taxable 4,927,000 4,183,000
Tax-exempt 470,000 140,000
Dividends 311,000 328,000
Other 615,000 1,254,000
Total Interest Income 85,290,000 69,558,000
INTEREST EXPENSE    
Deposits 10,318,000 8,129,000
Short-term borrowings 59,000 94,000
Long-term borrowings 1,845,000 1,917,000
Total Interest Expense 12,222,000 10,140,000
Net Interest Income 73,068,000 59,418,000
PROVISION FOR LOAN LOSSES 9,140,000 600,000
Net Interest Income after Provision for Loan Losses 63,928,000 58,818,000
OTHER INCOME    
Commissions from insurance sales 6,125,000 6,339,000
Earnings on investment in bank-owned life insurance 1,442,000 1,160,000
Net (losses) gains on equity securities (193,000) 267,000
Other 1,256,000 890,000
Total Other Income 19,934,000 18,169,000
OTHER EXPENSES    
Salaries and employee benefits 35,278,000 28,798,000
Net occupancy 3,681,000 3,094,000
Equipment 5,442,000 4,771,000
Other tax 1,208,000 1,086,000
Professional services 1,417,000 1,772,000
Supplies and postage 745,000 747,000
Marketing and corporate relations 561,000 559,000
FDIC and regulatory 616,000 436,000
Merger related expenses 5,965,000 769,000
Intangible assets amortization 1,264,000 621,000
Foreclosed real estate expenses (156,000) 12,000
Other operating 5,139,000 4,956,000
Total Other Expenses 61,160,000 47,621,000
Income Before Income Taxes 22,702,000 29,366,000
PROVISION FOR INCOME TAXES 4,308,000 5,645,000
Net Income $ 18,394,000 $ 23,721,000
PER SHARE DATA    
Basic earnings $ 2.13 $ 3.36
Cash dividends declared $ 1.00 $ 0.98
Service charges on deposit accounts    
OTHER INCOME    
Revenue from contract with customer, excluding assessed tax $ 3,355,000 $ 3,903,000
Income from fiduciary, investment management and brokerage activities    
OTHER INCOME    
Revenue from contract with customer, excluding assessed tax 2,672,000 2,469,000
Income from mortgage loans held for sale    
OTHER INCOME    
Revenue from contract with customer, excluding assessed tax 2,331,000 697,000
Service charges on ATM and debit card transactions    
OTHER INCOME    
Revenue from contract with customer, excluding assessed tax $ 2,946,000 $ 2,444,000