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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest and dividend income    
Loans, including fees $ 21,038 $ 22,783
Taxable securities 1,720 1,275
Tax-exempt securities 1,789 1,518
Deposits in other banks 119 149
Total interest and dividend income 24,666 25,725
Interest expense    
Deposits 705 1,260
Federal Home Loan Bank advances 190 443
Subordinated debentures 836 186
Securities sold under agreements to repurchase and other 3 8
Total interest expense 1,734 1,897
Net interest income 22,932 23,828
Provision for loan losses 300 830
Net interest income after provision for loan losses 22,632 22,998
Noninterest income    
Service charges 1,579 1,256
Net loss on sale of securities   (1)
Net gain on equity securities 50 88
Net gain on sale of loans 936 2,745
ATM/Interchange fees 1,241 1,248
Wealth management fees 1,277 1,146
Bank owned life insurance 244 243
Tax refund processing fees 1,900 1,900
Swap fees   76
Other 416 489
Total noninterest income 7,643 9,190
Noninterest expense    
Compensation expense 12,223 11,782
Net occupancy expense 1,150 1,224
Equipment expense 495 414
Contracted data processing 620 443
FDIC assessment 203 259
State franchise tax 591 625
Professional services 1,049 738
Amortization of intangible assets 217 223
ATM/Interchange expense 513 593
Marketing 317 299
Software maintenance expense 708 508
Other operating expenses 2,172 2,079
Total noninterest expense 20,258 19,187
Income before taxes 10,017 13,001
Income tax expense 1,551 2,243
Net Income $ 8,466 $ 10,758
Earnings per common share, basic $ 0.57 $ 0.68
Earnings per common share, diluted $ 0.57 $ 0.68
Weighted average common shares, basic 14,853,287 15,820,301
Weighted average common shares, diluted 14,853,287 15,820,301