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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        
Interest and fees on loans $ 13,885 $ 14,536 $ 28,864 $ 28,958
Interest and fees on loans held for sale 29 50 54 55
Interest on investment securities:        
Taxable 711 773 1,378 1,586
Nontaxable 375 173 621 315
Federal funds sold, other interest-bearing deposits, and certificates of deposit in other banks 88 117 190 442
Dividends on other investments 81 72 165 173
Total interest income 15,169 15,721 31,272 31,529
Interest on deposits:        
Savings, interest checking and money market 276 290 584 1,237
Time deposit accounts $250,000 and over 146 349 356 762
Time deposits 358 691 820 1,443
Total interest expense on deposits 780 1,330 1,760 3,442
Interest on federal funds purchased and securities sold under agreements to repurchase 26 59 52 96
Interest on Federal Home Loan Bank advances 385 612 781 1,244
Interest on subordinated notes 307 381 617 882
Total interest expense on borrowings 718 1,052 1,450 2,222
Total interest expense 1,498 2,382 3,210 5,664
Net interest income 13,671 13,339 28,062 25,865
Provision for loan losses 400 900 400 4,200
Net interest income after provision for loan losses 13,271 12,439 27,662 21,665
NON-INTEREST INCOME        
Gain on sale of mortgage loans, net 2,042 924 4,511 1,344
Other 101 291 109 379
Total non-interest income 4,589 2,856 9,031 5,147
Investment securities gains, net 0 7 15 6
NON-INTEREST EXPENSE        
Salaries and employee benefits 6,955 6,511 14,100 12,633
Occupancy expense, net 719 757 1,490 1,522
Furniture and equipment expense 753 763 1,497 1,514
Processing, network, and bank card expense 1,225 954 2,233 1,929
Legal, examination, and professional fees 385 407 789 774
Advertising and promotion 309 222 552 470
Postage, printing, and supplies 186 193 390 434
Loan expense 229 303 403 427
Other 1,008 1,160 1,966 2,058
Total non-interest expense 11,769 11,270 23,420 21,761
Income before income taxes 6,091 4,032 13,288 5,057
Income tax expense 1,199 750 2,557 907
Net income $ 4,892 $ 3,282 $ 10,731 $ 4,150
Basic earnings per share (in dollars per share) $ 0.74 $ 0.49 $ 1.62 $ 0.61
Diluted earnings per share (in dollars per share) $ 0.74 $ 0.49 $ 1.62 $ 0.61
Service charges and other fees        
NON-INTEREST INCOME        
Income from fees $ 765 $ 566 $ 1,503 $ 1,364
Bank card income and fees        
NON-INTEREST INCOME        
Income from fees 1,022 812 1,882 1,505
Trust department income        
NON-INTEREST INCOME        
Income from fees 308 279 602 658
Real estate servicing fees, net        
NON-INTEREST INCOME        
Income from fees $ 351 $ (16) $ 424 $ (103)