XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed 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        
Loans, including fees $ 16,259 $ 16,192 $ 31,871 $ 32,075
Debt securities:        
U.S. Treasury and government agencies 857 767 1,608 1,913
Municipalities 289 243 597 505
Dividends 31 26 81 71
Federal funds sold 6 5 11 11
Other 88 40 127 162
Total interest income 17,530 17,273 34,295 34,737
Interest Expense        
Deposits 1,276 2,254 2,616 5,155
Federal funds purchased and securities sold under agreements to repurchase 163 187 329 431
Borrowed funds 115 257 337 523
Total interest expense 1,554 2,698 3,282 6,109
Net Interest Income - Before Provision for Loan Losses 15,976 14,575 31,013 28,628
Provision for Loan Losses 641 1,569 2,341 2,999
Net Interest Income After Provision for Loan Losses 15,335 13,006 28,672 25,629
Noninterest Income        
Net gain on sale of loans 955 364 2,001 591
Net gain on sale of available-for-sale securities     293 270
Total noninterest income 4,027 3,326 9,018 6,448
Noninterest Expense        
Salaries and wages 4,591 4,095 8,981 8,318
Employee benefits 1,915 1,218 3,909 2,895
Net occupancy expense 546 564 1,123 1,128
Furniture and equipment 848 750 1,639 1,508
Data processing 428 408 933 850
Franchise taxes 294 369 740 737
ATM expense 459 376 908 790
Advertising 331 265 566 568
Net (gain) loss on sale of other assets owned 227 (7) 202 (6)
FDIC assessment 276 144 512 216
Mortgage servicing rights amortization 524 356 1,029 488
Consulting fees 394 217 617 356
Other general and administrative 2,227 1,612 4,260 3,187
Total noninterest expense 13,060 10,367 25,419 21,035
Income Before Income Taxes 6,302 5,965 12,271 11,042
Income Taxes 1,319 1,161 2,379 2,133
Net Income $ 4,983 $ 4,804 $ 9,892 $ 8,909
Basic and Diluted Earnings Per Share $ 0.44 $ 0.43 $ 0.88 $ 0.80
Dividends Declared $ 0.17 $ 0.16 $ 0.34 $ 0.32
Customer Service Fees [Member]        
Noninterest Income        
Noninterest income $ 2,198 $ 2,258 $ 5,012 $ 3,844
Other Service Charges and Fees [Member]        
Noninterest Income        
Noninterest income $ 874 $ 704 $ 1,712 $ 1,743