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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Interest and dividend income:    
Loans, including fees $ 42,102 $ 43,204
Securities:    
Taxable 1,948 2,164
Tax exempt 236 286
Dividends 231 245
Interest-bearing deposits with banks 163 226
Other interest 32 48
Total interest and dividend income 44,712 46,173
Interest expense:    
Deposits 2,977 5,254
Other borrowed funds 564 729
Subordinated debentures 158 208
Total interest expense 3,699 6,191
Net interest income 41,013 39,982
Provision for loan losses (419) 2,980
Net interest income after provision for loan losses 41,432 37,002
Noninterest income:    
Service charges on deposit accounts 1,864 1,685
Trust fees 285 257
Income from bank owned life insurance and annuity assets 904 820
Mortgage banking income 854 1,254
Electronic refund check / deposit fees 675 0
Debit / credit card interchange income 4,644 4,031
Gain (loss) on other real estate owned 1 (35)
Loss on sale of securities (1,066) 0
Tax preparation fees 754 644
Litigation settlement 0 2,000
Other 949 782
Total noninterest income 9,864 11,438
Noninterest expense:    
Salaries and employee benefits 21,649 21,636
Occupancy 1,796 1,817
Furniture and equipment 1,136 1,096
Professional fees 1,578 1,519
Marketing expense 826 613
FDIC insurance 326 165
Data processing 2,406 2,170
Software 1,858 1,454
Foreclosed assets 55 128
Amortization of intangibles 48 62
Other 5,602 5,473
Total noninterest expense 37,280 36,133
Income before income taxes 14,016 12,307
Provision for income taxes [1] 2,284 2,048
NET INCOME $ 11,732 $ 10,259
Earnings per share (in dollars per share) $ 2.45 $ 2.14
[1] Effective income tax rates were 16.3% for 2021 and 16.6% for 2020