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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest and dividend income:    
Loans, including fees $ 9,003 $ 9,451
Investment securities - taxable 1,779 1,345
Investment securities - non taxable 380 389
Other short term investments 33 33
Total interest income 11,195 11,218
Interest expense:    
Deposits 333 519
Securities sold under agreement to repurchase 25 28
Other borrowed money 104 104
Total interest expense 462 651
Net interest income 10,733 10,567
Provision for (release of) loan losses (125) 177
Net interest income after provision for (release of) loan losses 10,858 10,390
Non-interest income:    
Deposit service charges 265 246
Mortgage banking income 839 990
Investment advisory fees and non-deposit commissions 1,198 877
Gain on sale of other assets 77
Other 1,072 1,106
Total non-interest income 3,374 3,296
Non-interest expense:    
Salaries and employee benefits 6,119 5,964
Occupancy 705 730
Equipment 332 275
Marketing and public relations 361 396
FDIC Insurance assessments 130 169
Other real estate expense 47 29
Amortization of intangibles 39 57
Other 2,221 1,920
Total non-interest expense 9,954 9,540
Net income before tax 4,278 4,146
Income tax expense 789 891
Net income $ 3,489 $ 3,255
Basic earnings per common share $ 0.46 $ 0.44
Diluted earnings per common share $ 0.46 $ 0.43