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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 and Dividend Income        
Interest and fees on loans $ 9,749 $ 8,773 $ 19,157 $ 16,712
Interest and dividends on securities available for sale:        
Taxable interest income 530 715 996 1,610
Interest income exempt from federal income taxes 107 152 225 319
Dividends 12 15 24 34
Interest on deposits in banks 15 6 27 92
Interest on federal funds sold       1
Total interest and dividend income 10,413 9,661 20,429 18,768
Interest Expense        
Interest on deposits 434 879 921 1,981
Interest on Federal Home Loan Bank advances   25   25
Total interest expense 434 904 921 2,006
Net interest income 9,979 8,757 19,508 16,762
Provision for Loan Losses 284 752 883 655
Net interest income after provision for loan losses 9,695 8,005 18,625 16,107
Noninterest Income        
Income from fiduciary activities 399 403 740 700
Service charges on deposit accounts 241 170 458 454
Other service charges and fees 1,354 1,147 2,663 2,251
(Loss) gain on sale of securities (52) 529 24 529
Gain on sale of loans 359   359  
Bank owned life insurance income 118 143 223 143
Other operating income 231 30 610 35
Total noninterest income 2,650 2,422 5,077 4,112
Noninterest Expenses        
Salaries and employee benefits 5,310 4,373 10,026 8,461
Occupancy expenses 413 403 869 798
Equipment expenses 238 252 462 484
Advertising and marketing expenses 198 152 306 357
Stationery and supplies 60 34 98 66
ATM network fees 312 243 562 485
Other real estate owned expense 6 (3) 5 (1)
Loss (gain) on other real estate owned 92   102 (132)
FDIC assessment 133 41 240 41
Computer software expense 281 161 470 281
Bank franchise tax 195 176 384 350
Professional fees 369 317 829 671
Data processing fees 373 382 775 863
Other operating expenses 747 483 1,515 1,165
Total noninterest expenses 8,727 7,014 16,643 13,889
Income before income taxes 3,618 3,413 7,059 6,330
Income Tax Expense 615 594 1,194 1,070
Net income $ 3,003 $ 2,819 $ 5,865 $ 5,260
Earnings Per Share        
Net income per common share, basic $ 0.87 $ 0.83 $ 1.71 $ 1.54
Net income per common share, diluted $ 0.87 $ 0.83 $ 1.71 $ 1.54