XML 14 R4.htm IDEA: XBRL DOCUMENT v3.21.1
CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest income:    
Loans, including fees $ 9,451 $ 8,827
Investment securities – taxable 1,345 1,437
Investment securities - non taxable 389 289
Other short term investments 33 157
Total interest income 11,218 10,710
Interest expense:    
Deposits 519 1,019
Securities sold under agreement to repurchase 28 104
Other borrowed money 104 170
Total interest expense 651 1,293
Net interest income 10,567 9,417
Provision for loan losses 177 1,075
Net interest income after provision for loan losses 10,390 8,342
Non-interest income:    
Deposit service charges 246 399
Mortgage banking income 990 982
Investment advisory fees and non-deposit commissions 877 634
Gain on sale of other real estate owned 77 6
Other 1,106 907
Total non-interest income 3,296 2,928
Non-interest expense:    
Salaries and employee benefits 5,964 5,653
Occupancy 730 643
Equipment 275 318
Marketing and public relations 396 354
FDIC Insurance assessments 169 42
Other real estate expense 29 35
Amortization of intangibles 57 105
Other 1,920 1,888
Total non-interest expense 9,540 9,038
Net income before tax 4,146 2,232
Income tax expense 891 438
Net income $ 3,255 $ 1,794
Basic earnings per common share $ 0.44 $ 0.24
Diluted earnings per common share $ 0.43 $ 0.24