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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
INTEREST INCOME        
Interest and fees on loans $ 15,448 $ 14,777 $ 44,311 $ 43,735
Interest and fees on loans held for sale 24 41 79 96
Interest on investment securities:        
Taxable 680 781 2,058 2,367
Nontaxable 493 173 1,114 489
Federal funds sold, other interest-bearing deposits, and certificates of deposit in other banks 78 111 268 553
Dividends on other investments 81 75 246 247
Total interest income 16,804 15,958 48,076 47,487
Interest on deposits:        
Savings, interest checking and money market 280 310 865 1,546
Time deposit accounts $250,000 and over 117 327 473 1,089
Time deposits 320 623 1,139 2,067
Total interest expense on deposits 717 1,260 2,477 4,702
Interest on federal funds purchased and securities sold under agreements to repurchase 19 25 72 121
Interest on Federal Home Loan Bank advances 383 505 1,164 1,749
Interest on subordinated notes 305 326 921 1,208
Total interest expense on borrowings 707 856 2,157 3,078
Total interest expense 1,424 2,116 4,634 7,780
Net interest income 15,380 13,842 43,442 39,707
Provision for loan losses 300 1,200 700 5,400
Net interest income after provision for loan losses 15,080 12,642 42,742 34,307
NON-INTEREST INCOME        
Gain on sale of mortgage loans, net 1,369 3,026 5,881 4,369
Other 102 114 211 493
Total non-interest income 3,675 5,119 12,707 10,266
Investment securities gains, net 126 12 140 18
NON-INTEREST EXPENSE        
Salaries and employee benefits 6,665 6,771 20,765 19,404
Occupancy expense, net 808 781 2,298 2,303
Furniture and equipment expense 787 745 2,284 2,259
Processing, network, and bank card expense 1,288 877 3,521 2,807
Legal, examination, and professional fees 357 381 1,146 1,155
Advertising and promotion 310 316 862 786
Postage, printing, and supplies 218 227 608 661
Loan expense 209 360 612 786
Other 1,026 1,202 2,992 3,260
Total non-interest expense 11,668 11,660 35,088 33,421
Income before income taxes 7,213 6,113 20,501 11,170
Income tax expense 1,417 1,153 3,974 2,060
Net income $ 5,796 $ 4,960 $ 16,527 $ 9,110
Basic earnings per share (in dollars per share) $ 0.88 $ 0.74 $ 2.50 $ 1.35
Diluted earnings per share (in dollars per share) $ 0.88 $ 0.74 $ 2.50 $ 1.35
Service charges and other fees        
NON-INTEREST INCOME        
Income from fees $ 782 $ 816 $ 2,285 $ 2,181
Bank card income and fees        
NON-INTEREST INCOME        
Income from fees 1,043 846 2,925 2,351
Trust department income        
NON-INTEREST INCOME        
Income from fees 308 263 910 920
Real estate servicing fees, net        
NON-INTEREST INCOME        
Income from fees $ 71 $ 54 $ 495 $ (48)