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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest Income        
Loans, including fees $ 16,181 $ 15,202 $ 48,256 $ 46,605
Debt securities:        
U.S. Treasury and government agencies 761 972 2,674 2,501
Municipalities 279 190 784 612
Dividends 36 69 107 233
Federal funds sold 4 120 15 319
Other 32 459 194 887
Total interest income 17,293 17,012 52,030 51,157
Interest Expense        
Deposits 1,864 3,654 7,019 9,606
Federal funds purchased and securities sold under agreements to repurchase 174 201 605 527
Borrowed funds 231 257 754 813
Total interest expense 2,269 4,112 8,378 10,946
Net Interest Income - Before Provision for Loan Losses 15,024 12,900 43,652 40,211
Provision for Loan Losses 1,987 247 4,986 410
Net Interest Income After Provision for Loan Losses 13,037 12,653 38,666 39,801
Noninterest Income        
Net gain on sale of loans 1,537 260 2,128 558
Net gain (loss) on sale of available-for-sale securities     270 (26)
Total noninterest income 4,715 3,161 11,163 8,837
Noninterest Expense        
Salaries and wages 5,102 4,158 13,420 12,300
Employee benefits 1,566 1,331 4,461 4,148
Net occupancy expense 558 630 1,686 1,911
Furniture and equipment 875 720 2,383 2,179
Data processing 490 482 1,340 2,157
Franchise taxes 368 248 1,105 735
ATM expense 444 416 1,234 1,281
Advertising 411 587 979 1,229
Net (gain) loss on sale of other assets owned (7) 22 (13) 65
FDIC assessment 194   410 194
Mortgage servicing rights amortization 296 149 784 329
Consulting fees 205 196 561 404
Other general and administrative 1,786 1,667 5,027 4,897
Total noninterest expense 12,288 10,606 33,377 31,829
Income Before Income Taxes 5,464 5,208 16,452 16,809
Income Taxes 1,054 933 3,133 3,130
Net Income $ 4,410 $ 4,275 $ 13,319 $ 13,679
Basic and Diluted Earnings Per Share $ 0.40 $ 0.38 $ 1.20 $ 1.23
Dividends Declared $ 0.17 $ 0.15 $ 0.49 $ 0.45
Customer Service Fees [Member]        
Noninterest Income        
Noninterest income $ 2,299 $ 1,722 $ 6,143 $ 4,994
Other Service Charges and Fees [Member]        
Noninterest Income        
Noninterest income $ 879 $ 1,179 $ 2,622 $ 3,311