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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Interest income      
Loans, including fees $ 54,102 $ 54,192 $ 49,229
AFS securities      
Taxable 5,214 7,185 8,239
Nontaxable 3,830 4,728 5,279
Federal funds sold and other 1,026 1,201 1,117
Total interest income 64,172 67,306 63,864
Interest expense      
Deposits 8,884 11,608 9,261
Borrowings 4,941 6,253 6,370
Total interest expense 13,825 17,861 15,631
Net interest income 50,347 49,445 48,233
Provision for loan losses 1,665 30 978
Net interest income after provision for loan losses 48,682 49,415 47,255
Noninterest income      
Service charges and fees 6,544 6,347 6,210
Net gain on sale of mortgage loans 2,716 650 525
Noninterest Income Investment and Trust Advisory Fees 2,578 2,792 2,836
Bank Owned Life Insurance Income, From Policy Redemption 891 0 0
Earnings on corporate owned life insurance policies 755 764 742
Noncontrolling Interest in Net Income (Loss) Joint Venture Partners 577 (3,108) 274
Other 362 594 394
Total noninterest income 14,423 8,039 10,981
Noninterest expenses      
Compensation and benefits 23,772 23,205 22,609
Loss on extinguishment of debt 7,643 0 0
Furniture and equipment 5,787 5,866 6,055
Occupancy 3,557 3,418 3,263
Other 10,474 10,561 10,925
Total noninterest expenses 51,233 43,050 42,852
Income before federal income tax expense 11,872 14,404 15,384
Federal income tax expense 987 1,380 1,363
NET INCOME $ 10,885 $ 13,024 $ 14,021
Earnings per share      
Basic (in dollars per share) $ 1.37 $ 1.65 $ 1.78
Diluted (in dollars per share) 1.34 1.61 1.74
Cash dividends per basic share (in dollars per share) $ 1.08 $ 1.05 $ 1.04