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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:        
Interest and fees on loans $ 13,556 $ 12,600 $ 27,321 $ 25,498
Interest on deposits in other banks 29 13 61 196
Interest and dividends on investment securities:        
Taxable 3,361 2,959 6,094 6,225
Exempt from Federal income taxes 1,409 412 2,726 571
Total interest income 18,355 15,984 36,202 32,490
INTEREST EXPENSE:        
Interest on deposits 252 374 520 806
Interest on junior subordinated deferrable interest debentures 22 36 46 81
Total interest expense 274 410 566 887
Net interest income before provision for credit losses 18,081 15,574 35,636 31,603
(REVERSAL OF) PROVISION FOR CREDIT LOSSES (1,500) 3,000 (3,300) 4,375
Net interest income after provision for credit losses 19,581 12,574 38,936 27,228
NON-INTEREST INCOME:        
Service charges 467 447 899 1,093
Appreciation in cash surrender value of bank-owned life insurance 176 176 349 358
Interchange fees 471 307 841 640
Net realized gains (losses) on sales of investment securities (79) (58) (79) 4,140
Federal Home Loan Bank dividends 83 75 153 182
Loan placement fees 510 561 1,167 860
Other income 449 537 746 1,315
Total non-interest income 2,077 2,045 4,076 8,588
NON-INTEREST EXPENSES:        
Salaries and employee benefits 6,979 6,812 13,917 14,324
Occupancy and equipment 1,201 1,139 2,314 2,283
Professional services 475 522 831 980
Data processing 625 554 1,242 890
Regulatory assessments 172 146 333 193
ATM/Debit card expenses 191 187 416 481
Information technology 611 602 1,170 1,210
Directors’ expenses 113 136 154 328
Advertising 128 167 257 340
Internet banking expense 84 182 208 378
Amortization of core deposit intangibles 173 173 347 347
Other 878 878 1,829 1,823
Total non-interest expenses 11,630 11,498 23,018 23,577
Income before provision for income taxes 10,028 3,121 19,994 12,239
Provision for income taxes 2,465 820 4,952 3,315
Net income $ 7,563 $ 2,301 $ 15,042 $ 8,924
Earnings per common share:        
Basic earnings per common share (in dollars per share) $ 0.61 $ 0.18 $ 1.20 $ 0.71
Weighted average common shares used in basic computation (in shares) 12,498,809 12,449,283 12,497,217 12,592,126
Diluted earnings per common share (in dollars per share) $ 0.60 $ 0.18 $ 1.20 $ 0.71
Weighted average common shares used in diluted computation (in shares) 12,548,044 12,486,681 12,548,101 12,646,403
Cash dividends per common share (in dollars per share) $ 0.12 $ 0.11 $ 0.23 $ 0.22