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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest and dividend income:        
Loans, including fees $ 11,688 $ 12,530 $ 33,229 $ 36,641
Securities:        
Taxable 3,226 2,256 8,861 6,457
Tax-exempt 641 725 1,990 2,392
Other interest and dividend income 250 168 675 515
Total interest income 15,805 15,679 44,755 46,005
Interest expense:        
Deposits 1,847 993 3,921 3,411
Other borrowed funds 295 34 383 106
Total interest expense 2,142 1,027 4,304 3,517
Net interest income 13,663 14,652 40,451 42,488
Provision (credit) for loan losses (520) (94) (706) (540)
Net interest income after provision (credit) for loan losses 14,183 14,746 41,157 43,028
Noninterest income:        
Securities gains, net 2 24 37 24
Gain on sale of loans held for sale 137 429 501 1,313
Other noninterest income 274 200 716 681
Total noninterest income 2,286 2,673 7,218 7,815
Noninterest expense:        
Salaries and employee benefits 5,731 5,487 17,092 16,766
Data processing 1,494 1,307 4,594 3,989
Occupancy expenses, net 674 632 2,097 1,999
FDIC insurance assessments 155 154 450 441
Professional fees 431 396 1,407 1,307
Business development 346 344 981 835
Intangible asset amortization 145 159 438 479
New market tax credit projects amortization 189 160 567 479
Other operating expenses, net 322 258 1,091 1,022
Total noninterest expense 9,487 8,897 28,717 27,317
Income before income taxes 6,982 8,522 19,658 23,526
Provision for income taxes 1,439 1,808 4,777 4,910
Net income $ 5,543 $ 6,714 $ 14,881 $ 18,616
Basic and diluted earnings per share (in dollars per share) $ 0.62 $ 0.74 $ 1.64 $ 2.04
Cash dividends declared, per share (in dollars per share) $ 0.27 $ 0.52 $ 0.81 $ 1.03
Fiduciary and Trust [Member]        
Noninterest income:        
Noninterest income $ 1,063 $ 1,147 $ 3,589 $ 3,224
Financial Service [Member]        
Noninterest income:        
Noninterest income 348 385 1,013 1,065
Credit and Debit Card [Member]        
Noninterest income:        
Noninterest income $ 462 $ 488 $ 1,362 $ 1,508