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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:        
Loans, including fees $ 12,127 $ 12,570 $ 24,111 $ 25,157
Securities:        
Taxable 2,212 1,918 4,201 3,739
Tax-exempt 823 954 1,667 1,864
Other interest and dividend income 169 196 347 713
Total interest income 15,331 15,638 30,326 31,473
Interest expense:        
Deposits 1,124 1,898 2,418 4,548
Other borrowed funds 35 60 72 199
Total interest expense 1,159 1,958 2,490 4,747
Net interest income 14,172 13,680 27,836 26,726
Provision (credit) for loan losses (20) 1,567 (446) 3,883
Net interest income after provision (credit) for loan losses 14,192 12,113 28,282 22,843
Noninterest income:        
Securities gains, net 0 44 0 430
Gain on sale of loans held for sale 380 572 884 839
Other noninterest income 208 188 481 437
Total noninterest income 2,636 2,428 5,142 5,059
Noninterest expense:        
Salaries and employee benefits 5,772 5,813 11,279 11,588
Data processing 1,310 1,336 2,682 2,527
Occupancy expenses, net 639 657 1,367 1,348
FDIC insurance assessments 148 50 287 50
Professional fees 515 397 911 741
Business development 254 182 491 446
Intangible asset amortization 160 217 320 434
New market tax credit projects amortization 159 146 319 291
Other operating expenses, net 457 301 764 724
Total noninterest expense 9,414 9,099 18,420 18,149
Income before income taxes 7,414 5,442 15,004 9,753
Provision for income taxes 1,535 1,015 3,102 1,771
Net income $ 5,879 $ 4,427 $ 11,902 $ 7,982
Basic and diluted earnings per share (in dollars per share) $ 0.64 $ 0.49 $ 1.30 $ 0.87
Dividends declared per share (in dollars per share) $ 0.26 $ 0 $ 0.51 $ 0.25
Fiduciary and Trust [Member]        
Noninterest income:        
Noninterest income $ 1,145 $ 909 $ 2,077 $ 1,771
Financial Service [Member]        
Noninterest income:        
Noninterest income 347 305 680 746
Credit and Debit Card [Member]        
Noninterest income:        
Noninterest income $ 556 $ 410 $ 1,020 $ 836