XML 17 R4.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
INTEREST INCOME    
Loans receivable, including fees $ 16,146 $ 10,683
Securities 1,112 1,179
Other 43 6
Total interest income 17,301 11,868
INTEREST EXPENSE    
Deposits 1,255 1,790
Short-term borrowings 69 111
Other borrowings 201 302
Total interest expense 1,525 2,203
NET INTEREST INCOME 15,776 9,665
PROVISION FOR LOAN LOSSES 1,500 700
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 14,276 8,965
OTHER INCOME    
OTHER INCOME 1,540 1,331
Net realized gains on sales of securities 21 38
Gain on sale of loans, net 29 56
Earnings and proceeds on bank owned life insurance 374 208
Other 158 136
Total other income 1,989 1,654
OTHER EXPENSES    
Salaries and employee benefits 4,953 3,777
Occupancy, furniture & equipment, net 1,220 968
Data processing and related operations 603 437
Taxes, other than income 305 214
Professional fees 540 218
Federal Deposit Insurance Corporation insurance 181  
Foreclosed real estate 30 16
Amortization of intangible 35 23
Other 1,585 1,406
Total other expenses 9,452 7,059
INCOME BEFORE INCOME TAXES 6,813 3,560
INCOME TAX EXPENSE 1,271 481
NET INCOME $ 5,542 $ 3,079
BASIC EARNINGS PER SHARE $ 0.68 $ 0.49
DILUTED $ 0.67 $ 0.49
Service Charges And Fees [Member]    
OTHER INCOME    
OTHER INCOME $ 1,247 $ 1,063
Income From Fiduciary Activities [Member]    
OTHER INCOME    
OTHER INCOME $ 160 $ 153