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Consolidated Statement of Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
INTEREST AND DIVIDEND INCOME    
Interest and fees on loans $ 10,985,000 $ 12,167,000
Interest-earning deposits in other institutions 24,000 18,000
Federal funds sold 3,000 0
Investment securities:    
Taxable interest 443,000 370,000
Tax-exempt interest 784,000 558,000
Dividends on stock 24,000 29,000
Total interest and dividend income 12,263,000 13,142,000
INTEREST EXPENSE    
Deposits 726,000 1,205,000
Other borrowings 69,000 75,000
Total interest expense 795,000 1,280,000
NET INTEREST INCOME 11,468,000 11,862,000
Provision for loan losses 0 700,000
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 11,468,000 11,162,000
NONINTEREST INCOME    
Gain on equity securities [1] 33,000 81,000
Earnings on bank-owned life insurance [1] 106,000 226,000
Gain on sale of loans [1] 3,000 592,000
Revenue from investment services 141,000 127,000
Total noninterest income 1,403,000 2,218,000
NONINTEREST EXPENSE    
Salaries and employee benefits 4,386,000 4,254,000
Occupancy expense 505,000 564,000
Equipment expense 315,000 357,000
Data processing costs 682,000 786,000
Ohio state franchise tax 293,000 286,000
Federal deposit insurance expense 50,000 144,000
Professional fees 455,000 419,000
Net loss on other real estate owned [2] 8,000 46,000
Advertising expense 228,000 221,000
Software amortization expense 48,000 80,000
Core deposit intangible amortization 77,000 80,000
Other expense 1,219,000 1,080,000
Total noninterest expense 8,266,000 8,317,000
Income before income taxes 4,605,000 5,063,000
Income taxes 772,000 896,000
NET INCOME $ 3,833,000 $ 4,167,000
EARNINGS PER SHARE    
Basic (in dollars per share) $ 0.65 $ 0.65
Diluted (in dollars per share) $ 0.65 $ 0.65
Deposit Account [Member]    
NONINTEREST INCOME    
Noninterest income revenue $ 914,000 $ 787,000
Financial Service, Other [Member]    
NONINTEREST INCOME    
Noninterest income revenue $ 206,000 $ 405,000
[1] Not within scope of ASC 606
[2] Recognized within noninterest expense