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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
INTEREST INCOME:        
Interest and fees on loans $ 12,883 $ 13,556 $ 25,044 $ 27,321
Interest on deposits in other banks 52 29 109 61
Interest and dividends on investment securities:        
Taxable 5,651 3,361 10,175 6,094
Exempt from Federal income taxes 1,879 1,409 3,319 2,726
Total interest income 20,465 18,355 38,647 36,202
INTEREST EXPENSE:        
Interest on deposits 231 252 483 520
Interest on subordinated debentures and borrowings 424 22 757 46
Total interest expense 655 274 1,240 566
Net interest income before provision for credit losses 19,810 18,081 37,407 35,636
(REVERSAL OF) PROVISION FOR CREDIT LOSSES 0 (1,500) 0 (3,300)
Net interest income after provision for credit losses 19,810 19,581 37,407 38,936
NON-INTEREST INCOME:        
Service charges 544 467 1,083 899
Appreciation in cash surrender value of bank-owned life insurance 245 176 487 349
Interchange fees 478 471 920 841
Net realized losses on sales and calls of investment securities (969) (79) (763) (79)
Federal Home Loan Bank dividends 82 83 167 153
Loan placement fees 268 510 567 1,167
Other income 122 449 143 746
Total non-interest income 770 2,077 2,604 4,076
NON-INTEREST EXPENSES:        
Salaries and employee benefits 7,057 6,979 14,001 13,917
Occupancy and equipment 1,344 1,201 2,506 2,314
Professional services 464 475 838 831
Data processing 548 625 1,089 1,242
Regulatory assessments 194 172 416 333
ATM/Debit card expenses 217 191 412 416
Information technology 828 611 1,586 1,170
Directors’ expenses 48 113 93 154
Advertising 138 128 278 257
Internet banking expense 48 84 69 208
Amortization of core deposit intangibles 140 173 280 347
Other 1,057 878 1,960 1,829
Total non-interest expenses 12,083 11,630 23,528 23,018
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 8,497 10,028 16,483 19,994
Provision for income taxes 1,955 2,465 3,855 4,952
Net income $ 6,542 $ 7,563 $ 12,628 $ 15,042
Earnings per common share:        
Basic earnings per common share (in dollars per share) $ 0.56 $ 0.61 $ 1.08 $ 1.20
Weighted average common shares used in basic computation (in shares) 11,665,074 12,498,809 11,746,795 12,497,217
Diluted earnings per common share (in dollars per share) $ 0.56 $ 0.60 $ 1.07 $ 1.20
Weighted average common shares used in diluted computation (in shares) 11,685,850 12,548,044 11,778,127 12,548,101
Cash dividends per common share (in dollars per share) $ 0.12 $ 0.12 $ 0.24 $ 0.23