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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest and dividend income:    
Loans, including fees $ 14,481 $ 14,617
Taxable securities 2,688 1,802
Tax exempt securities 270 261
Interest-earning deposits 19 60
Total interest and dividend income 17,458 16,740
Interest expense:    
Deposits 748 921
Borrowed funds 33 33
Total interest expense 781 954
Net interest income 16,677 15,786
Provision (credit) for loan losses (1,145) (259)
Net interest income after provision for loan losses 17,822 16,045
Non-interest income:    
Changes in fair value of equity investments (113) 86
Net gains on sales of loans held for sale 74 300
Net gains (losses) on sales of other real estate owned 0 (18)
Income from bank-owned life insurance 11 15
Other 940 720
Total non-interest income 5,663 5,621
Non-interest expenses:    
Salaries and wages 6,223 5,762
Pension and other employee benefits 1,718 1,459
Other components of net periodic pension and postretirement benefits (408) (391)
Net occupancy 1,427 1,523
Furniture and equipment 437 366
Data processing 2,187 2,003
Professional services 521 454
Amortization of intangible assets 11 101
Marketing and advertising 276 126
Other real estate owned (37) 12
FDIC insurance 314 390
Loan expense 215 234
Other 1,784 1,314
Total non-interest expenses 14,668 13,353
Income before income tax expense 8,817 8,313
Income tax expense 1,950 1,783
Net income $ 6,867 $ 6,530
Weighted average shares outstanding, basic (in shares) [1] 4,689 4,690
Weighted average shares outstanding, diluted (in shares) [1] 4,689 4,690
Basic earnings per share (in dollars per share) $ 1.46 $ 1.39
Diluted earnings per share (in dollars per share) $ 1.46 $ 1.39
WMG fee income    
Non-interest income:    
Revenues from contracts with customer $ 2,757 $ 2,678
Service charges on deposit accounts    
Non-interest income:    
Revenues from contracts with customer 864 717
Interchange revenue from debit card transactions    
Non-interest income:    
Revenues from contracts with customer $ 1,130 $ 1,123
[1] *Retroactive implementation of the Corporation's 2021 Equity Incentive Plan required a change in methodology used to calculate weighted average outstanding shares.