XML 14 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statement of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Interest income        
Interest and fees on loans $ 13,097 $ 13,413 $ 25,829 $ 26,252
Interest on investment securities: Taxable 994 1,344 1,984 2,652
Interest on investment securities: Exempt from federal income tax 268 273 543 533
Total investment income 1,262 1,617 2,527 3,185
Other 77 74 142 283
Total interest income 14,436 15,104 28,498 29,720
Interest expense        
Interest on deposits 999 1,612 2,145 3,482
Interest on short-term borrowings 26 21 50 49
Interest on long-term borrowings 648 815 1,304 1,646
Total interest expense 1,673 2,448 3,499 5,177
Net interest income 12,763 12,656 24,999 24,543
Provision for loan losses 555 2,167 665 4,821
Net interest income after provision for loan losses 12,208 10,489 24,334 19,722
Other operating income        
Net gains on investments, available for sale 154 47 154 47
Net gains on investments, held to maturity   60   60
Gains on sale of residential mortgage loans 272 687 860 746
Gains/(losses) on disposal of fixed assets 16   16 (18)
Net gains 442 794 1,030 835
Total other income 4,321 3,425 9,063 7,433
Total other operating income 4,763 4,219 10,093 8,268
Other operating expenses        
Salaries and employee benefits 5,507 4,943 10,495 10,866
FDIC premiums 183 160 366 203
Equipment 954 967 1,805 1,893
Occupancy 693 746 1,418 1,493
Data processing 875 973 1,601 2,025
Marketing 133 153 279 283
Professional services 1,491 1,181 2,661 1,904
Contract labor 185 149 333 300
Line rentals 268 221 483 438
Other real estate owned (198) (3) (610) (3)
Investor relations 306 1,013 430 1,106
Settlement expense     3,300  
Other 635 924 1,398 1,924
Total other operating expenses 11,032 11,427 23,959 22,432
Income before income tax expense 5,939 3,281 10,468 5,558
Provision for income tax expense 1,536 711 2,635 1,233
Net Income $ 4,403 $ 2,570 $ 7,833 $ 4,325
Basic net income per share $ 0.66 $ 0.37 $ 1.15 $ 0.62
Diluted net income per share $ 0.66 $ 0.37 $ 1.15 $ 0.62
Weighted average number of basic shares outstanding 6,609 6,974 6,803 7,018
Weighted average number of diluted shares outstanding 6,615 6,992 6,808 7,032
Dividends declared per common share $ 0.15 $ 0.13 $ 0.30 $ 0.26
Service Charges on Deposit Accounts [Member]        
Other operating income        
Total other income $ 412 $ 377 $ 817 $ 992
Other Service Charges [Member]        
Other operating income        
Total other income 221 32 432 322
Trust Department [Member]        
Other operating income        
Total other income 2,034 1,731 4,275 3,484
Debit Card Income [Member]        
Other operating income        
Total other income 913 680 1,723 1,314
Bank Owned Life Insurance [Member]        
Other operating income        
Total other income 293 285 579 588
Brokerage Commissions [Member]        
Other operating income        
Total other income 357 202 625 479
Other [Member]        
Other operating income        
Total other income $ 91 $ 118 $ 612 $ 254