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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest Income    
Interest and fees on loans $ 8,550 $ 8,466
Interest on interest-bearing deposits 28 217
Interest on securities – taxable 1,783 2,356
Interest on securities – nontaxable 521 349
Total interest income (10,882) (11,388)
Interest Expense    
Interest on time deposits 90 559
Interest on other deposits 765 1,237
Total interest expense (855) (1,796)
Net interest income 10,027 9,592
Provision for loan losses 50 479
Net interest income after provision for loan losses 9,977 9,113
Noninterest Income:    
Noninterest Income 1,757 1,459
BOLI income 206 221
Gain on sale of mortgage loans 137 94
Other income 627 439
Realized securities gain, net 5 20
Total noninterest income 2,334 2,135
Noninterest Expense    
Salaries and employee benefits 3,906 3,873
Occupancy, furniture and fixtures 488 450
Data processing and ATM 778 791
FDIC assessment 83 0
Net costs of other real estate owned 37 22
Franchise taxes 335 343
Other operating expenses 909 988
Total noninterest expense 6,536 6,467
Income before income taxes 5,775 4,781
Income tax expense 1,009 802
Net Income $ 4,766 $ 3,979
Basic net income per common share (in dollars per share) $ 0.74 $ 0.61
Fully diluted net income per common share (in dollars per share) $ 0.74 $ 0.61
Weighted average number of common shares outstanding – basic and diluted (in shares) 6,407,685 6,489,574
Dividends declared per common share (in dollars per share) $ 0 $ 0
Deposit Account [Member]    
Noninterest Income:    
Noninterest Income $ 469 $ 582
Product and Service, Other [Member]    
Noninterest Income:    
Noninterest Income 41 39
Credit and Debit Card [Member]    
Noninterest Income:    
Noninterest Income 434 306
Fiduciary and Trust [Member]    
Noninterest Income:    
Noninterest Income $ 415 $ 434