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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 $ 51,410 $ 54,102 $ 54,192
AFS securities      
Taxable 4,920 5,214 7,185
Nontaxable 3,077 3,830 4,728
Federal funds sold and other 706 1,026 1,201
Total interest income 60,113 64,172 67,306
Interest expense      
Deposits 5,442 8,884 11,608
Interest Expense, Federal Funds Purchased and Securities Sold under Agreements to Repurchase 53 36 48
Interest Expense, Federal Home Loan Bank and Federal Reserve Bank Advances, Long-term 1,302 4,905 6,205
Interest Expense, Subordinated Notes and Debentures 615 0 0
Total interest expense 7,412 13,825 17,861
Net interest income 52,701 50,347 49,445
Provision for loan losses (518) 1,665 30
Net interest income after provision for loan losses 53,219 48,682 49,415
Noninterest income      
Service charges and fees 7,614 6,544 6,347
Net gain on sale of mortgage loans 1,694 2,716 650
Noninterest Income Investment and Trust Advisory Fees 3,071 2,578 2,792
Bank Owned Life Insurance Income, From Policy Redemption 271 891 0
Earnings on corporate owned life insurance policies 800 755 764
Noncontrolling Interest in Net Income (Loss) Joint Venture Partners 0 577 (3,108)
Other 372 362 594
Total noninterest income 13,822 14,423 8,039
Noninterest expenses      
Compensation and benefits 23,749 23,772 23,205
Loss on extinguishment of debt 0 7,643 0
Furniture and equipment 5,462 5,787 5,866
Occupancy 3,661 3,557 3,418
Other 10,822 10,474 10,561
Total noninterest expenses 43,694 51,233 43,050
Income before federal income tax expense 23,347 11,872 14,404
Federal income tax expense 3,848 987 1,380
NET INCOME $ 19,499 $ 10,885 $ 13,024
Earnings per share      
Basic (in dollars per share) $ 2.48 $ 1.37 $ 1.65
Diluted (in dollars per share) 2.45 1.34 1.61
Cash dividends per basic share (in dollars per share) $ 1.08 $ 1.08 $ 1.05