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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest and dividend income:        
Loans, including fees $ 10,897 $ 12,127 $ 21,541 $ 24,111
Securities:        
Taxable 3,047 2,212 5,635 4,201
Tax-exempt 675 823 1,349 1,667
Other interest and dividend income 259 169 425 347
Total interest income 14,878 15,331 28,950 30,326
Interest expense:        
Deposits 1,186 1,124 2,074 2,418
Other borrowed funds 56 35 88 72
Total interest expense 1,242 1,159 2,162 2,490
Net interest income 13,636 14,172 26,788 27,836
Provision (credit) for loan losses (59) (20) (186) (446)
Net interest income after provision (credit) for loan losses 13,695 14,192 26,974 28,282
Noninterest income:        
Securities gains, net 0 0 35 0
Gain on sale of loans held for sale 184 380 364 884
Other noninterest income 164 208 442 481
Total noninterest income 2,379 2,636 4,932 5,142
Noninterest expense:        
Salaries and employee benefits 5,750 5,772 11,361 11,279
Data processing 1,668 1,310 3,100 2,682
Occupancy expenses, net 706 639 1,423 1,367
FDIC insurance assessments 148 148 295 287
Professional fees 502 515 976 911
Business development 299 254 635 491
Intangible asset amortization 147 160 293 320
New market tax credit projects amortization 189 159 378 319
Other operating expenses, net 442 457 769 764
Total noninterest expense 9,851 9,414 19,230 18,420
Income before income taxes 6,223 7,414 12,676 15,004
Provision for income taxes 2,030 1,535 3,338 3,102
Net income $ 4,193 $ 5,879 $ 9,338 $ 11,902
Basic and diluted earnings per share (in dollars per share) $ 0.46 $ 0.64 $ 1.03 $ 1.30
Cash dividends declared, per share (in dollars per share) $ 0.27 $ 0.26 $ 0.54 $ 0.51
Fiduciary and Trust [Member]        
Noninterest income:        
Noninterest income $ 1,246 $ 1,145 $ 2,526 $ 2,077
Financial Service [Member]        
Noninterest income:        
Noninterest income 327 347 665 680
Credit and Debit Card [Member]        
Noninterest income:        
Noninterest income $ 458 $ 556 $ 900 $ 1,020