XML 13 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest and dividend income:        
Loans, including fees $ 10,100 $ 10,956 $ 28,407 $ 30,147
Investment securities - taxable 2,673 1,607 6,126 4,459
Investment securities - non taxable 385 388 1,140 1,164
Other short term investments and CDs 194 31 387 94
Total interest income 13,352 12,982 36,060 35,864
Interest expense:        
Deposits 332 403 974 1,370
Securities sold under agreement to repurchase 32 19 79 66
Other borrowed money 194 104 429 313
Total interest expense 558 526 1,482 1,749
Net interest income 12,794 12,456 34,578 34,115
Provision for loan losses 18 49 (177) 394
Net interest income after provision for (release of) loan losses 12,776 12,407 34,755 33,721
Non-interest income:        
Deposit service charges 243 257 770 715
Mortgage banking income 290 1,147 1,610 3,280
Investment advisory fees and non-deposit commissions 1,053 1,040 3,446 2,874
Gain (loss) on sale of other assets     (45) 77
Other 1,087 1,120 3,275 3,332
Total non-interest income 2,673 3,564 9,056 10,278
Non-interest expense:        
Salaries and employee benefits 6,373 6,394 18,667 18,306
Occupancy 786 743 2,277 2,207
Equipment 331 336 992 949
Marketing and public relations 163 140 970 849
FDIC Insurance assessments 121 189 356 504
Other real estate expense 19 58 95 142
Amortization of intangibles 39 52 118 161
Other 2,585 1,993 7,084 6,205
Total non-interest expense 10,417 9,905 30,559 29,323
Net income before tax 5,032 6,066 13,252 14,676
Income tax expense 1,081 1,318 2,682 3,130
Net income $ 3,951 $ 4,748 $ 10,570 $ 11,546
Basic earnings per common share $ 0.52 $ 0.63 $ 1.40 $ 1.54
Diluted earnings per common share $ 0.52 $ 0.63 $ 1.39 $ 1.53