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Interim 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 $ 12,504 $ 13,297 $ 25,601 $ 26,551
AFS securities        
Taxable 1,140 1,352 2,305 2,841
Nontaxable 803 986 1,668 2,039
Federal funds sold and other 193 234 356 639
Total interest income 14,640 15,869 29,930 32,070
Interest expense        
Deposits 1,444 2,247 3,112 5,038
Interest Expense, Federal Funds Purchased and Securities Sold under Agreements to Repurchase 11 7 27 15
Interest Expense Federal Home Loan Bank Advances 389 1,311 794 2,711
Interest Expense, Subordinated Notes and Debentures 83 0 83 0
Total interest expense 1,927 3,565 4,016 7,764
Net interest income 12,713 12,304 25,914 24,306
Provision for loan losses 31 105 (492) 893
Net interest income after provision for loan losses 12,682 12,199 26,406 23,413
Noninterest income        
Noninterest Income, Service Charges and Fees 1,830 1,386 3,525 2,739
Noninterest Income Investment and Trust Advisory Fees 806 656 1,502 1,228
Bank Owned Life Insurance Income, From Policy Redemption 4 349 150 873
Earnings on corporate owned life insurance policies 190 189 376 371
Net gain on sale of mortgage loans 375 466 1,120 617
Other 110 200 174 416
Total noninterest income 3,315 3,246 6,847 6,244
Noninterest expenses        
Compensation and benefits 5,700 5,793 11,577 11,662
Furniture and equipment 1,327 1,431 2,700 2,892
Occupancy 915 912 1,860 1,779
Other 2,553 2,564 5,175 5,312
Total noninterest expenses 10,495 10,700 21,312 21,645
Income before federal income tax expense 5,502 4,745 11,941 8,012
Federal Income Tax Expense (Benefit), Continuing Operations 881 558 1,922 761
NET INCOME $ 4,621 $ 4,187 $ 10,019 $ 7,251
Earnings per share        
Basic (in dollars per share) $ 0.58 $ 0.53 $ 1.26 $ 0.91
Diluted (in dollars per share) 0.57 0.52 1.24 0.90
Cash dividends per basic share (in dollars per share) $ 0.27 $ 0.27 $ 0.54 $ 0.54