XML 13 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest income        
Loans, including fees $ 13,611 $ 12,408 $ 38,432 $ 36,655
Securities:        
Taxable 3,972 2,821 11,001 7,073
Tax exempt 1,464 1,459 4,678 4,002
Other 238 38 314 70
Total interest income 19,285 16,726 54,425 47,800
Interest expense        
Deposits 1,563 837 3,342 2,556
Advances from Federal Home Loan Bank 5 18 8 21
Other 379 171 1,127 327
Total interest expense 1,947 1,026 4,477 2,904
Net interest income 17,338 15,700 49,948 44,896
Provision for loan losses 100 0 100 416
Net interest income after provision for loan losses 17,238 15,700 49,848 44,480
Noninterest income        
Customer service charges 2,458 2,255 7,000 6,309
Insurance and investment commissions 158 153 596 624
Gains on sales of loans 432 1,798 2,123 5,715
Net gains (losses) on sales of securities (378) 0 (805) 3
Net gains on sales and write downs of other assets 0 0 172 0
Earnings on life insurance policies 259 194 793 570
Trust income 174 187 528 612
Change in market value of equity securities (323) (28) (1,006) 461
Other 267 159 922 756
Total noninterest income 3,047 4,718 10,323 15,050
Noninterest expense        
Salaries and benefits 7,668 7,552 22,811 21,719
Occupancy and equipment 1,545 1,538 4,688 4,591
Data processing 1,734 1,471 5,056 4,573
Professional fees 559 754 1,628 2,426
Supplies and postage 184 171 541 395
Advertising and promotional 199 183 478 535
Intangible amortization 297 346 901 1,005
FDIC insurance 195 225 645 533
Other 1,035 1,266 3,515 3,386
Total noninterest expense 13,416 13,506 40,263 39,163
Income before income tax 6,869 6,912 19,908 20,367
Income tax expense 1,056 1,163 2,952 3,337
Net income $ 5,813 $ 5,749 $ 16,956 $ 17,029
Basic earnings per share (Note 4) (in dollars per share) $ 0.77 $ 0.75 $ 2.26 $ 2.20
Diluted earnings per share (Note 4) (in dollars per share) 0.77 0.75 2.26 2.20
Dividends declared, per share (in dollars per share) $ 0.25 $ 0.25 $ 0.75 $ 0.69