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Interim Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest income        
Loans, including fees $ 13,563 $ 13,033 $ 39,120 $ 38,634
AFS securities        
Taxable 2,209 1,224 5,851 3,529
Nontaxable 726 725 2,090 2,393
Federal funds sold and other 521 160 822 516
Total interest income 17,019 15,142 47,883 45,072
Interest expense        
Deposits 908 1,251 2,698 4,363
Interest Expense, Federal Funds Purchased and Securities Sold under Agreements to Repurchase 9 13 26 40
Interest Expense Federal Home Loan Bank Advances 33 299 152 1,093
Interest Expense, Subordinated Notes and Debentures 266 266 798 349
Total interest expense 1,216 1,829 3,674 5,845
Net interest income 15,803 13,313 44,209 39,227
Provision for loan losses 18 (107) 540 (599)
Net interest income after provision for loan losses 15,785 13,420 43,669 39,826
Noninterest income        
Noninterest Income, Service Charges and Fees 2,122 1,964 6,615 5,489
Noninterest Income Investment and Trust Advisory Fees 679 772 2,217 2,274
Earnings on corporate owned life insurance policies 223 201 655 577
Net gain on sale of mortgage loans 174 339 568 1,459
Other 54 91 339 415
Total noninterest income 3,252 3,367 10,394 10,214
Noninterest expenses        
Compensation and benefits 6,369 6,116 18,480 17,693
Furniture and equipment 1,490 1,349 4,382 4,049
Occupancy 918 866 2,813 2,726
Other 3,140 2,854 9,223 8,029
Total noninterest expenses 11,917 11,185 34,898 32,497
Income before federal income tax expense 7,120 5,602 19,165 17,543
Federal Income Tax Expense (Benefit), Continuing Operations 1,233 916 3,249 2,838
NET INCOME $ 5,887 $ 4,686 $ 15,916 $ 14,705
Earnings per share        
Basic (in dollars per share) $ 0.78 $ 0.59 $ 2.11 $ 1.85
Diluted (in dollars per share) 0.77 0.58 2.08 1.82
Cash dividends per basic share (in dollars per share) $ 0.27 $ 0.27 $ 0.81 $ 0.81