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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, including fees $ 11,565 $ 10,821 $ 24,247 $ 21,063
Securities:        
Taxable 2,396 1,557 4,252 3,414
Tax exempt 1,446 478 2,543 846
Other 12 7 32 201
Total interest income 15,419 12,863 31,074 25,524
Interest expense        
Deposits 839 898 1,719 2,283
Advances from Federal Home Loan Bank 2 81 3 217
Other 70 5 156 7
Total interest expense 911 984 1,878 2,507
Net interest income 14,508 11,879 29,196 23,017
Provision for loan losses 166 1,000 416 1,775
Net interest income after provision for loan losses 14,342 10,879 28,780 21,242
Noninterest income        
Customer service charges 2,134 1,402 4,054 3,247
Insurance and investment commissions 198 153 471 279
Gains on sales of loans 1,771 2,996 3,917 4,739
Net gains on sales of securities 2 1,341 3 1,343
Net gains (losses) on sales and write-downs of other assets (4) 3 1 5
Earnings on life insurance policies 191 192 377 384
Trust income 253 202 425 372
Change in market value of equity securities (119) 443 489 54
Other 306 19 595 260
Total noninterest income 4,732 6,751 10,332 10,683
Salaries and benefits 6,999 6,359 14,167 11,487
Occupancy and equipment 1,498 1,359 3,053 2,629
Data processing 1,673 1,568 3,102 3,052
Professional fees 943 914 1,672 1,676
Supplies and postage 124 282 224 507
Advertising and promotional 207 144 352 292
Intangible amortization 352 354 659 707
FDIC insurance 156 69 308 137
Other 1,177 1,101 2,120 2,079
Total noninterest expense 13,129 12,150 25,657 22,566
Income before income tax 5,945 5,480 13,455 9,359
Income tax expense 902 1,050 2,174 1,675
Net income $ 5,043 $ 4,430 $ 11,281 $ 7,684
Basic earnings per share (Note 4) (in dollars per share) $ 0.65 $ 0.61 $ 1.45 $ 1.06
Diluted earnings per share (Note 4) (in dollars per share) 0.65 0.61 1.45 1.06
Dividends declared per share (in dollars per share) $ 0.22 $ 0.20 $ 0.44 $ 0.40