XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.1
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
INTEREST AND DIVIDEND INCOME    
Loans, including fees $ 17,798 $ 19,035
Securities:    
Taxable 1,284 1,284
Tax-exempt 135 92
Dividends 61 90
Other 92 408
Total Interest Income 19,370 20,909
INTEREST EXPENSE    
Deposits 1,654 2,921
Short-term borrowings 10 15
Long-term borrowings 381 518
Total Interest Expense 2,045 3,454
Net Interest Income 17,325 17,455
PROVISION FOR LOAN LOSSES 50 4,000
Net Interest Income after Provision for Loan Losses 17,275 13,455
OTHER INCOME    
Commissions from insurance sales 1,383 1,440
Earnings on investment in bank-owned life insurance 338 347
Net gains (losses) on equity securities 365 (475)
Other 289 240
Total Other Income 5,913 4,166
OTHER EXPENSES    
Salaries and employee benefits 8,668 8,501
Net occupancy 1,167 981
Equipment 1,291 1,284
Other tax 393 327
Professional services 224 402
Supplies and postage 163 209
Marketing and corporate relations 77 184
FDIC and regulatory 232 41
Merger related expenses 0 5,965
Intangible assets amortization 296 315
Foreclosed real estate (income) expenses (1) 75
Other operating 1,277 1,173
Total Other Expenses 13,787 19,457
Income (Loss) before Income Taxes 9,401 (1,836)
PROVISION (BENEFIT) FOR INCOME TAXES 1,930 (613)
Net Income (Loss) $ 7,471 $ (1,223)
PER SHARE DATA    
Basic earnings (in dollars per share) $ 0.86 $ (0.14)
Cash dividends declared (in dollars per share) $ 0.25 $ 0.25
Service charges on deposit accounts    
OTHER INCOME    
Revenue from contract with customer, excluding assessed tax $ 774 $ 990
Income from fiduciary, investment management and brokerage activities    
OTHER INCOME    
Revenue from contract with customer, excluding assessed tax 703 668
Income from mortgage loans held for sale    
OTHER INCOME    
Revenue from contract with customer, excluding assessed tax 1,283 318
Service charges on ATM and debit card transactions    
OTHER INCOME    
Revenue from contract with customer, excluding assessed tax $ 778 $ 638