XML 13 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Interim Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest income    
Loans, including fees $ 12,378 $ 13,097
AFS securities    
Taxable 1,615 1,165
Nontaxable 660 865
Federal funds sold and other 109 163
Total interest income 14,762 15,290
Interest expense    
Deposits 936 1,668
Interest Expense, Federal Funds Purchased and Securities Sold under Agreements to Repurchase 9 16
Interest Expense Federal Home Loan Bank Advances 72 405
Interest Expense, Subordinated Notes and Debentures 266 0
Total interest expense 1,283 2,089
Net interest income 13,479 13,201
Provision for loan losses 37 (523)
Net interest income after provision for loan losses 13,442 13,724
Noninterest income    
Noninterest Income, Service Charges and Fees 2,209 1,695
Noninterest Income Investment and Trust Advisory Fees 754 696
Bank Owned Life Insurance Income, From Policy Redemption 52 146
Earnings on corporate owned life insurance policies 210 186
Net gain on sale of mortgage loans 224 745
Other 98 64
Total noninterest income 3,547 3,532
Noninterest expenses    
Compensation and benefits 6,074 5,877
Furniture and equipment 1,450 1,373
Occupancy 966 945
Other 2,830 2,622
Total noninterest expenses 11,320 10,817
Income before federal income tax expense 5,669 6,439
Federal Income Tax Expense (Benefit), Continuing Operations 935 1,041
NET INCOME $ 4,734 $ 5,398
Earnings per share    
Basic (in dollars per share) $ 0.63 $ 0.68
Diluted (in dollars per share) 0.62 0.67
Cash dividends per basic share (in dollars per share) $ 0.27 $ 0.27