XML 14 R4.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statement of Operations - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest income    
Interest and fees on loans $ 12,732 $ 12,839
Interest on investment securities: Taxable 990 1,308
Interest on investment securities: Exempt from federal income tax 275 260
Total investment income 1,265 1,568
Other 65 209
Total interest income 14,062 14,616
Interest expense    
Interest on deposits 1,146 1,870
Interest on short-term borrowings 24 28
Interest on long-term borrowings 656 831
Total interest expense 1,826 2,729
Net interest income 12,236 11,887
Provision for loan losses 110 2,654
Net interest income after provision for loan losses 12,126 9,233
Other operating income    
Net gains 588 41
Total other income 4,742 4,008
Total other operating income 5,330 4,049
Other operating expenses    
Salaries and employee benefits 4,988 5,923
FDIC premiums 183 43
Equipment 851 926
Occupancy 725 747
Data processing 726 1,052
Marketing 146 130
Professional services 1,170 723
Contract labor 148 151
Line rentals 215 217
Other real estate owned (412)  
Investor relations 124 93
Settlement expense 3,300  
Other 763 1,000
Total other operating expenses 12,927 11,005
Income before income tax expense 4,529 2,277
Provision for income tax expense 1,099 522
Net Income $ 3,430 $ 1,755
Basic net income per share $ 0.49 $ 0.25
Diluted net income per share $ 0.49 $ 0.25
Weighted average number of basic shares outstanding 6,996,000 7,063,000
Weighted average number of diluted shares outstanding 7,000,000 7,071,000
Dividends declared per common share $ 0.15 $ 0.13
Service Charges on Deposit Accounts [Member]    
Other operating income    
Total other income $ 405 $ 615
Other Service Charges [Member]    
Other operating income    
Total other income 211 290
Trust Department [Member]    
Other operating income    
Total other income 2,241 1,753
Debit Card Income [Member]    
Other operating income    
Total other income 810 634
Bank Owned Life Insurance [Member]    
Other operating income    
Total other income 286 303
Brokerage Commissions [Member]    
Other operating income    
Total other income 268 277
Other [Member]    
Other operating income    
Total other income $ 521 $ 136