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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest and Dividend Income        
Interest and fees on loans $ 11,663 $ 9,749 $ 22,283 $ 19,157
Interest and dividends on securities available for sale:        
Taxable interest income 847 530 1,626 996
Interest income exempt from federal income taxes 75 107 158 225
Dividends 17 12 27 24
Interest on deposits in banks 41 15 56 27
Interest on federal funds sold 4   6  
Total interest and dividend income 12,647 10,413 24,156 20,429
Interest Expense        
Interest on deposits 383 434 753 921
Interest on federal funds purchased 8   8  
Interest on subordinated debt 337   337  
Total interest expense 728 434 1,098 921
Net interest income 11,919 9,979 23,058 19,508
Provision for Loan Losses 360 284 900 883
Net interest income after provision for loan losses 11,559 9,695 22,158 18,625
Noninterest Income        
Wealth management fees 1,062 650 1,983 1,257
Service charges on deposit accounts 389 278 763 531
Other service charges and fees 1,029 1,066 1,938 2,073
(Loss) gain on sale of securities   (52)   24
(Loss) on disposal of bank premises and equipment (11)   (11)  
Gain on sale of loans 498 359 976 359
Bank owned life insurance income 178 118 357 223
Other operating income 704 231 1,086 610
Total noninterest income 3,849 2,650 7,092 5,077
Noninterest Expenses        
Salaries and employee benefits 5,983 5,310 11,935 10,026
Occupancy expenses 516 413 1,034 869
Equipment expenses 258 238 515 462
Advertising and marketing expenses 146 105 257 184
Stationery and supplies 66 60 101 98
ATM network fees 310 312 596 562
Other real estate owned expense   6   5
Loss on other real estate owned   92   102
FDIC assessment 137 133 314 240
Computer software expense 184 281 438 470
Bank franchise tax 221 195 419 384
Professional fees 876 369 1,340 829
Data processing fees 479 373 959 775
Other operating expenses 1,352 840 2,543 1,637
Total noninterest expenses 10,528 8,727 20,451 16,643
Income before income taxes 4,880 3,618 8,799 7,059
Income Tax Expense 888 615 1,557 1,194
Net income $ 3,992 $ 3,003 $ 7,242 $ 5,865
Earnings Per Share        
Net income per common share, basic $ 1.14 $ 0.87 $ 2.08 $ 1.71
Net income per common share, diluted $ 1.14 $ 0.87 $ 2.08 $ 1.71