XML 13 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest income    
Loans and leases $ 23,072 $ 22,795
Securities 975 853
Short-term investments 188 158
Total interest income 24,235 23,806
Interest expense    
Deposits 766 1,019
Federal Home Loan Bank advances and other borrowings 1,539 1,650
Junior subordinated notes 504 274
Total interest expense 2,809 2,943
Net interest income 21,426 20,863
Provision for loan and lease losses (855) (2,068)
Net interest income after provision for loan and lease losses 22,281 22,931
Non-interest income    
Private wealth management service fees 2,841 2,407
Gain on sale of Small Business Administration loans 585 1,078
Service charges on deposits 999 917
Loan fees 652 545
Increase in cash surrender value of bank-owned life insurance 349 350
Swap fees 225 684
Other non-interest income 1,735 1,214
Total non-interest income 7,386 7,195
Non-interest expense    
Compensation 13,638 12,657
Occupancy 555 552
Professional fees 1,170 866
Data processing 780 770
Marketing 500 391
Equipment 244 246
Computer software 1,082 1,115
FDIC insurance 313 362
Collateral liquidation costs 16 94
Net loss on foreclosed properties 12 3
Other non-interest expense 513 274
Total non-interest expense 18,823 17,330
Income before income tax expense 10,844 12,796
Income tax expense 2,172 3,065
Net income $ 8,672 $ 9,731
Earnings per common share    
Basic $ 1.02 $ 1.12
Diluted 1.02 1.12
Dividends declared per share $ 0.1975 $ 0.18