XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Interest and dividend income:        
Loans, including fees $ 9,740 $ 9,018 $ 19,191 $ 17,845
Investment securities - taxable 1,507 1,225 2,852 2,662
Investment securities - non taxable 387 386 776 675
Other short term investments and CDs 30 37 63 194
Total interest income 11,664 10,666 22,882 21,376
Interest expense:        
Deposits 448 736 967 1,755
Securities sold under agreement to repurchase 19 36 47 140
Other borrowed money 105 151 209 321
Total interest expense 572 923 1,223 2,216
Net interest income 11,092 9,743 21,659 19,160
Provision for loan losses 168 1,250 345 2,325
Net interest income after provision for loan losses 10,924 8,493 21,314 16,835
Non-interest income:        
Deposit service charges 212 210 458 609
Mortgage banking income 1,143 1,572 2,133 2,554
Investment advisory fees and non-deposit commissions 957 671 1,834 1,305
Gain on sale of other real estate owned     77 6
Other 1,106 934 2,212 1,841
Total non-interest income 3,418 3,387 6,714 6,315
Non-interest expense:        
Salaries and employee benefits 5,948 5,840 11,912 11,493
Occupancy 734 679 1,464 1,322
Equipment 338 298 613 616
Marketing and public relations 313 247 709 601
FDIC Insurance assessments 146 88 315 130
Other real estate expense 55 40 84 75
Amortization of intangibles 52 95 109 200
Other 2,292 1,844 4,212 3,732
Total non-interest expense 9,878 9,131 19,418 18,169
Net income before tax 4,464 2,749 8,610 4,981
Income tax expense 921 532 1,812 970
Net income $ 3,543 $ 2,217 $ 6,798 $ 4,011
Basic earnings per common share $ 0.47 $ 0.30 $ 0.91 $ 0.54
Diluted earnings per common share $ 0.47 $ 0.30 $ 0.90 $ 0.54