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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
INTEREST INCOME        
Loans receivable, including fees $ 16,102 $ 10,767 $ 32,248 $ 21,450
Securities 1,356 1,063 2,468 2,242
Other 59 19 102 25
Total interest income 17,517 11,849 34,818 23,717
INTEREST EXPENSE        
Deposits 1,205 1,630 2,459 3,420
Short-term borrowings 73 73 142 184
Other borrowings 186 279 388 581
Total interest expense 1,464 1,982 2,989 4,185
NET INTEREST INCOME 16,053 9,867 31,829 19,532
PROVISION FOR LOAN LOSSES 1,500 1,300 3,000 2,000
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 14,553 8,567 28,829 17,532
OTHER INCOME        
OTHER INCOME 1,831 1,120 3,371 2,452
Net realized gains on sales of securities     21 38
Gain on sale of loans, net 109 65 138 121
Earnings and proceeds on bank owned life insurance 194 212 568 420
Other 171 103 326 239
Total other income 2,187 1,392 4,176 3,047
OTHER EXPENSES        
Salaries and employee benefits 5,171 3,289 10,125 7,065
Occupancy, furniture & equipment, net 1,186 906 2,406 1,875
Data processing and related operations 562 466 1,166 903
Taxes, other than income 229 214 534 427
Professional fees 343 225 883 443
Federal Deposit Insurance Corporation insurance 154 42 335 42
Foreclosed real estate 13 (2) 42 14
Amortization of intangible 34 21 69 44
Merger related   1,597   1,597
Other 1,800 1,334 3,384 2,742
Total other expenses 9,492 8,092 18,944 15,152
INCOME BEFORE INCOME TAXES 7,248 1,867 14,061 5,427
INCOME TAX EXPENSE 1,493 379 2,765 860
NET INCOME $ 5,755 $ 1,488 $ 11,296 $ 4,567
BASIC EARNINGS PER SHARE $ 0.70 $ 0.24 $ 1.38 $ 0.73
DILUTED EARNINGS PER SHARE $ 0.70 $ 0.24 $ 1.38 $ 0.73
Service Charges And Fees [Member]        
OTHER INCOME        
OTHER INCOME $ 1,532 $ 837 $ 2,782 $ 1,901
Income From Fiduciary Activities [Member]        
OTHER INCOME        
OTHER INCOME $ 181 $ 175 $ 341 $ 328