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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Interest Income      
Loans, including fees $ 71,645 $ 65,317 $ 62,213
Debt securities:      
U.S. Treasury and government agencies 3,496 3,369 3,341
Municipalities 1,170 1,079 837
Dividends 174 142 293
Federal funds sold 31 20 416
Other 324 242 1,206
Total interest income 76,840 70,169 68,306
Interest Expense      
Deposits 5,418 8,638 12,942
Federal funds purchased and securities sold under agreements to repurchase 649 775 734
Borrowed funds 785 980 1,083
Subordinated notes 490    
Total interest expense 7,342 10,393 14,759
Net Interest Income Before Provision for Loan Losses 69,498 59,776 53,547
Provision for Loan Losses 3,444 6,981 1,138
Net Interest Income After Provision for Loan Losses 66,054 52,795 52,409
Noninterest Income      
Net gain on sale of loans 3,897 4,022 677
Net gain (loss) on sale of available-for-sale securities 293 270 (26)
Total noninterest income 17,609 16,787 11,820
Noninterest Expense      
Salaries and wages 20,184 18,488 16,329
Employee benefits 7,322 5,601 5,558
Net occupancy expense 2,184 2,271 2,317
Furniture and equipment 3,324 3,143 2,775
Data processing 3,501 1,768 2,553
Franchise taxes 1,473 1,346 981
ATM expense 1,846 1,690 1,715
Advertising 1,436 1,332 1,569
Net loss on sale of other assets owned 434 7 81
FDIC assessment 1,073 633 183
Mortgage servicing rights amortization 1,580 1,031 487
Consulting fees 1,634 968 668
Other general and administrative 8,175 6,098 6,251
Total noninterest expense 54,166 44,376 41,467
Income Before Income Taxes 29,497 25,206 22,762
Income Taxes 6,002 5,111 4,360
Net Income $ 23,495 $ 20,095 $ 18,402
Basic and Diluted Earnings Per Share $ 2.01 $ 1.80 $ 1.66
Dividends Declared $ 0.71 $ 0.66 $ 0.61
Customer Service Fees [Member]      
Noninterest Income      
Noninterest income $ 9,671 $ 8,893 $ 6,726
Other Service Charges and Fees [Member]      
Noninterest Income      
Noninterest income $ 3,748 $ 3,602 $ 4,443