XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.2
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 Income        
Interest and fees on loans $ 8,466 $ 8,419 $ 17,016 $ 16,885
Interest on interest-bearing deposits 39 14 67 231
Interest on securities – taxable 1,910 1,863 3,693 4,219
Interest on securities – nontaxable 482 454 1,003 803
Total interest income (10,897) (10,750) (21,779) (22,138)
Interest Expense        
Interest on time deposits 72 522 162 1,081
Interest on other deposits 762 1,076 1,527 2,313
Total interest expense (834) (1,598) (1,689) (3,394)
Net interest income 10,063 9,152 20,090 18,744
Provision for loan losses 4 1,352 54 1,831
Net interest income after provision for loan losses 10,059 7,800 20,036 16,913
Noninterest Income:        
Noninterest Income 1,568 1,278 3,326 2,737
BOLI income 210 219 416 440
Gain on sale of mortgage loans 74 157 211 251
Other income 230 120 857 559
Realized securities gain, net 0 62 5 82
Total noninterest income 1,941 1,745 4,275 3,880
Noninterest Expense        
Salaries and employee benefits 3,952 3,498 7,858 7,371
Occupancy, furniture and fixtures 443 458 931 908
Data processing and ATM 786 806 1,564 1,597
FDIC assessment 93 40 176 40
Net costs of (gains on) other real estate owned 1 (4) 38 18
Franchise taxes 357 335 692 678
Other operating expenses 815 944 1,724 1,932
Total noninterest expense 6,447 6,077 12,983 12,544
Income before income taxes 5,553 3,468 11,328 8,249
Income tax expense 940 486 1,949 1,288
Net Income $ 4,613 $ 2,982 $ 9,379 $ 6,961
Basic net income per common share (in dollars per share) $ 0.74 $ 0.46 $ 1.49 $ 1.07
Fully diluted net income per common share (in dollars per share) $ 0.74 $ 0.46 $ 1.49 $ 1.07
Weighted average number of common shares outstanding, basic and diluted (in shares) 6,214,079 6,489,574 6,310,347 6,489,574
Dividends declared per common share (in dollars per share) $ 0.70 $ 0.67 $ 0.70 $ 0.67
Deposit Account [Member]        
Noninterest Income:        
Noninterest Income $ 471 $ 377 $ 940 $ 959
Product and Service, Other [Member]        
Noninterest Income:        
Noninterest Income 43 37 84 76
Credit and Debit Card [Member]        
Noninterest Income:        
Noninterest Income 479 386 913 692
Fiduciary and Trust [Member]        
Noninterest Income:        
Noninterest Income $ 434 $ 387 $ 849 $ 821