XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Interest and dividend income:        
Loans, including fees $ 12,530 $ 12,865 $ 36,641 $ 38,022
Securities:        
Taxable 2,256 1,986 6,457 5,725
Tax-exempt 725 892 2,392 2,756
Other interest and dividend income 168 175 515 888
Total interest income 15,679 15,918 46,005 47,391
Interest expense:        
Deposits 993 1,719 3,411 6,267
Other borrowed funds 34 39 106 238
Total interest expense 1,027 1,758 3,517 6,505
Net interest income 14,652 14,160 42,488 40,886
Provision (credit) for loan losses (94) 541 (540) 4,424
Net interest income after provision (credit) for loan losses 14,746 13,619 43,028 36,462
Noninterest income:        
Securities gains, net 24 0 24 430
Gain on sale of loans held for sale 429 647 1,313 1,486
Other noninterest income 200 271 681 708
Total noninterest income 2,673 2,796 7,815 7,855
Noninterest expense:        
Salaries and employee benefits 5,487 5,840 16,766 17,428
Data processing 1,307 1,210 3,989 3,737
Occupancy expenses, net 632 668 1,999 2,016
FDIC insurance assessments 154 136 441 186
Professional fees 396 408 1,307 1,149
Business development 344 307 835 753
Intangible asset amortization 159 216 479 650
New market tax credit projects amortization 160 145 479 436
Other operating expenses, net 258 362 1,022 1,086
Total noninterest expense 8,897 9,292 27,317 27,441
Income before income taxes 8,522 7,123 23,526 16,876
Provision for income taxes 1,808 1,451 4,910 3,222
Net income $ 6,714 $ 5,672 $ 18,616 $ 13,654
Basic and diluted earnings per share (in dollars per share) $ 0.74 $ 0.62 $ 2.04 $ 1.49
Dividends declared per share (in dollars per share) $ 0.52 $ 0.25 $ 1.03 $ 0.50
Fiduciary and Trust [Member]        
Noninterest income:        
Noninterest income $ 1,147 $ 1,037 $ 3,224 $ 2,808
Financial Service [Member]        
Noninterest income:        
Noninterest income 385 381 1,065 1,127
Credit and Debit Card [Member]        
Noninterest income:        
Noninterest income $ 488 $ 460 $ 1,508 $ 1,296