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Consolidated Statements of Income (Unaudited) - 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 $ 7,074 $ 7,416 $ 14,217 $ 14,619
Interest on deposits in banks 37 16 70 134
Interest and dividends on securities:        
Taxable interest 697 636 1,414 1,306
Tax-exempt interest 215 151 395 302
Dividends 22 26 44 52
Total interest and dividend income 8,045 8,245 16,140 16,413
Interest Expense        
Interest on deposits 328 676 691 1,638
Interest on subordinated debt 154 91 308 181
Interest on junior subordinated debt 68 67 134 157
Total interest expense 550 834 1,133 1,976
Net interest income 7,495 7,411 15,007 14,437
(Recovery of) provision for loan losses (1,000) 800 (1,000) 1,700
Net interest income after (recovery of) provision for loan losses 8,495 6,611 16,007 12,737
Noninterest Income        
Noninterest income 2,093 1,647 4,065 3,579
Income from bank owned life insurance 99 99 212 214
Net gains on securities available for sale 0 0 37 0
Net gains on sale of loans 18 26 25 57
Other operating income 225 1 239 22
Total noninterest income 2,435 1,773 4,578 3,872
Noninterest Expense        
Salaries and employee benefits 3,693 3,022 7,248 6,611
Occupancy 399 409 846 811
Equipment 433 418 864 828
Marketing 138 74 244 180
Supplies 77 103 165 192
Legal and professional fees 483 301 1,220 580
ATM and check card expense 268 223 499 468
FDIC assessment 78 60 147 90
Bank franchise tax 172 161 340 314
Data processing expense 216 188 420 372
Amortization expense 5 42 19 94
Other operating expense 668 612 1,268 1,217
Total noninterest expense 6,630 5,613 13,280 11,757
Income before income taxes 4,300 2,771 7,305 4,852
Income tax expense 958 528 1,527 904
Net income $ 3,342 $ 2,243 $ 5,778 $ 3,948
Earnings per common share        
Basic (in dollars per share) $ 0.69 $ 0.46 $ 1.19 $ 0.81
Diluted (in dollars per share) $ 0.69 $ 0.46 $ 1.19 $ 0.81
Deposit Account [Member]        
Noninterest Income        
Noninterest income $ 447 $ 348 $ 889 $ 1,029
Credit and Debit Card [Member]        
Noninterest Income        
Noninterest income 682 550 1,283 1,069
Asset Management [Member]        
Noninterest Income        
Noninterest income 657 512 1,300 1,037
Financial Service, Other [Member]        
Noninterest Income        
Noninterest income $ 307 $ 237 $ 593 $ 444