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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest income    
Loans, including fees $ 12,298 $ 12,682
Securities:    
Taxable 3,507 1,856
Tax exempt 1,655 1,097
Other 14 20
Total interest income 17,474 15,655
Interest expense    
Deposits 783 880
Advances from Federal Home Loan Bank 1 1
Other 369 86
Total interest expense 1,153 967
Net interest income 16,321 14,688
Provision for loan losses 0 250
Net interest income after provision for loan losses 16,321 14,438
Noninterest income    
Customer service charges 2,189 1,920
Insurance and investment commissions 205 273
Gains on sales of loans 804 2,146
Net gains on sales of securities 0 1
Net gains on sales and write downs of other assets 171 5
Earnings on life insurance policies 280 186
Trust income 178 172
Change in market value of equity securities (356) 608
Other 374 289
Total noninterest income 3,845 5,600
Noninterest expense    
Salaries and benefits 7,606 7,168
Occupancy and equipment 1,625 1,555
Data processing 1,744 1,429
Professional fees 510 729
Supplies and postage 191 100
Advertising and promotional 132 145
Intangible amortization 282 307
FDIC insurance 225 152
Other 1,375 943
Total noninterest expense 13,690 12,528
Income before income tax 6,476 7,510
Income tax expense 948 1,272
Net income $ 5,528 $ 6,238
Basic earnings per share (Note 4) (in dollars per share) $ 0.74 $ 0.80
Diluted earnings per share (Note 4) (in dollars per share) 0.74 0.80
Dividends declared per share (in dollars per share) $ 0.25 $ 0.22