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Interim Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest income        
Loans, including fees $ 13,179 $ 12,504 $ 25,557 $ 25,601
AFS securities        
Taxable 2,027 1,140 3,642 2,305
Nontaxable 704 803 1,364 1,668
Federal funds sold and other 192 193 301 356
Total interest income 16,102 14,640 30,864 29,930
Interest expense        
Deposits 854 1,444 1,790 3,112
Interest Expense, Federal Funds Purchased and Securities Sold under Agreements to Repurchase 8 11 17 27
Interest Expense Federal Home Loan Bank Advances 47 389 119 794
Interest Expense, Subordinated Notes and Debentures 266 83 532 83
Total interest expense 1,175 1,927 2,458 4,016
Net interest income 14,927 12,713 28,406 25,914
Provision for loan losses 485 31 522 (492)
Net interest income after provision for loan losses 14,442 12,682 27,884 26,406
Noninterest income        
Noninterest Income, Service Charges and Fees 2,284 1,830 4,493 3,525
Noninterest Income Investment and Trust Advisory Fees 784 806 1,538 1,502
Bank Owned Life Insurance Income, From Policy Redemption     57 150
Earnings on corporate owned life insurance policies 222 190 432 376
Net gain on sale of mortgage loans 170 375 394 1,120
Other 135 114 285 324
Total noninterest income 3,595 3,315 7,142 6,847
Noninterest expenses        
Compensation and benefits 6,037 5,700 12,111 11,577
Furniture and equipment 1,442 1,327 2,892 2,700
Occupancy 929 915 1,895 1,860
Other 3,253 2,553 6,083 5,175
Total noninterest expenses 11,661 10,495 22,981 21,312
Income before federal income tax expense 6,376 5,502 12,045 11,941
Federal Income Tax Expense (Benefit), Continuing Operations 1,081 881 2,016 1,922
NET INCOME $ 5,295 $ 4,621 $ 10,029 $ 10,019
Earnings per share        
Basic (in dollars per share) $ 0.70 $ 0.58 $ 1.33 $ 1.26
Diluted (in dollars per share) 0.69 0.57 1.31 1.24
Cash dividends per basic share (in dollars per share) $ 0.27 $ 0.27 $ 0.54 $ 0.54