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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
INTEREST INCOME:        
Interest and fees on loans $ 13,208 $ 13,190 $ 40,529 $ 38,688
Interest on deposits in other banks 28 26 89 222
Interest and dividends on investment securities:        
Taxable 3,844 2,771 9,938 8,996
Exempt from Federal income taxes 1,417 444 4,143 1,015
Total interest income 18,497 16,431 54,699 48,921
INTEREST EXPENSE:        
Interest on deposits 263 363 783 1,169
Interest on junior subordinated deferrable interest debentures 24 25 70 106
Total interest expense 287 388 853 1,275
Net interest income before provision for credit losses 18,210 16,043 53,846 47,646
(REVERSAL OF) PROVISION FOR CREDIT LOSSES (500) 600 (3,800) 4,975
Net interest income after provision for credit losses 18,710 15,443 57,646 42,671
NON-INTEREST INCOME:        
Service charges 487 463 1,386 1,556
Appreciation in cash surrender value of bank-owned life insurance 247 178 596 536
Interchange fees 472 355 1,313 995
Net realized gains on sales and calls of investment securities 117 57 38 4,197
Federal Home Loan Bank dividends 84 71 237 253
Loan placement fees 467 685 1,634 1,545
Other income 274 262 1,020 1,577
Total non-interest income 2,148 2,071 6,224 10,659
NON-INTEREST EXPENSES:        
Salaries and employee benefits 7,091 6,729 21,008 21,053
Occupancy and equipment 1,224 1,196 3,538 3,479
Professional services 507 715 1,338 1,695
Data processing 599 594 1,841 1,484
Regulatory assessments 219 147 552 340
ATM/Debit card expenses 199 144 615 625
Information technology 891 594 2,061 1,804
Directors’ expenses 152 140 306 468
Advertising 129 167 386 507
Internet banking expense 54 167 262 545
Amortization of core deposit intangibles 174 174 521 521
Other 823 961 2,652 2,784
Total non-interest expenses 12,062 11,728 35,080 35,305
Income before provision for income taxes 8,796 5,786 28,790 18,025
Provision for income taxes 2,275 1,442 7,227 4,757
Net income $ 6,521 $ 4,344 $ 21,563 $ 13,268
Earnings per common share:        
Basic earnings per common share (in dollars per share) $ 0.54 $ 0.35 $ 1.75 $ 1.06
Weighted average common shares used in basic computation (in shares) 12,007,689 12,471,070 12,332,248 12,551,480
Diluted earnings per common share (in dollars per share) $ 0.54 $ 0.35 $ 1.74 $ 1.05
Weighted average common shares used in diluted computation (in shares) 12,044,896 12,496,174 12,378,591 12,596,172
Cash dividends per common share (in dollars per share) $ 0.12 $ 0.11 $ 0.35 $ 0.33