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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
INTEREST INCOME:    
Interest and fees on loans $ 13,765 $ 12,898
Interest on deposits in other banks 32 183
Interest and dividends on investment securities:    
Taxable 2,733 3,266
Exempt from Federal income taxes 1,317 159
Total interest income 17,847 16,506
INTEREST EXPENSE:    
Interest on deposits 268 432
Interest on junior subordinated deferrable interest debentures 24 45
Other 0 0
Total interest expense 292 477
Net interest income before provision for credit losses 17,555 16,029
(REVERSAL OF) PROVISION FOR CREDIT LOSSES (1,800) 1,375
Net interest income after provision for credit losses 19,355 14,654
NON-INTEREST INCOME:    
Service charges 432 646
Appreciation in cash surrender value of bank-owned life insurance 173 182
Interchange fees 370 333
Net realized gains on sales of investment securities 0 4,198
Federal Home Loan Bank dividends 70 107
Loan placement fees 657 299
Other income 297 776
Total non-interest income 1,999 6,541
NON-INTEREST EXPENSES:    
Salaries and employee benefits 6,938 7,512
Occupancy and equipment 1,113 1,144
Professional services 356 458
Data processing 617 336
Regulatory assessments 161 47
ATM/Debit card expenses 225 294
Information technology 559 608
Directors’ expenses 41 192
Advertising 129 173
Internet banking expense 124 196
Amortization of core deposit intangibles 174 174
Other 951 944
Total non-interest expenses 11,388 12,078
Income before provision for income taxes 9,966 9,117
Provision for income taxes 2,487 2,494
Net income $ 7,479 $ 6,623
Earnings per common share:    
Basic earnings per common share (in dollars per share) $ 0.60 $ 0.52
Weighted average common shares used in basic computation (in shares) 12,495,606 12,734,971
Diluted earnings per common share (in dollars per share) $ 0.60 $ 0.52
Weighted average common shares used in diluted computation (in shares) 12,547,137 12,779,096
Cash dividends per common share (in dollars per share) $ 0.11 $ 0.11