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Consolidated Statements of Earnings - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Interest income:      
Interest and fees on loans $ 41,186,000 $ 42,314,000 $ 43,301,000
Interest on due from banks 258,000 127,000 213,000
Interest on federal funds sold 0 204,000 331,000
Interest on investment securities:      
U.S. Government sponsored enterprises 2,478,000 2,361,000 2,670,000
States and political subdivisions 3,146,000 2,691,000 2,915,000
Other 111,000 261,000 171,000
Total interest income 47,179,000 47,958,000 49,601,000
Interest expense:      
Demand deposits, MMDA & savings deposits 2,029,000 1,962,000 1,596,000
Time deposits 752,000 947,000 909,000
FHLB borrowings 0 357,000 205,000
Junior subordinated debentures 280,000 370,000 844,000
Other 144,000 200,000 203,000
Total interest expense 3,205,000 3,836,000 3,757,000
Net interest income 43,974,000 44,122,000 45,844,000
Provision for (recovery of) loan losses (1,163,000) 4,259,000 863,000
Net interest income after provision for loan losses 45,137,000 39,863,000 44,981,000
Non-interest income:      
Service charges 3,921,000 3,528,000 4,576,000
Other service charges and fees 803,000 742,000 714,000
Gain on sale of securities 0 2,639,000 226,000
Mortgage banking income 2,505,000 2,469,000 1,264,000
Insurance and brokerage commissions 1,035,000 897,000 877,000
Appraisal management fee income 8,890,000 6,754,000 4,484,000
Gain (loss) on sale of other assets 105,000 0 (239,000)
Gain (loss) on sales and write-downs of other real estate, net 21,000 (47,000) (11,000)
Miscellaneous 7,639,000 5,932,000 5,848,000
Total non-interest income 24,919,000 22,914,000 17,739,000
Non-interest expense:      
Salaries and employee benefits 24,506,000 23,538,000 23,238,000
Occupancy 7,858,000 7,933,000 7,364,000
Professional fees 1,826,000 1,580,000 1,490,000
Advertising 536,000 787,000 1,021,000
Debit card expense 1,000,000 1,012,000 890,000
FDIC insurance 415,000 263,000 119,000
Appraisal management fee expense 7,112,000 5,274,000 3,421,000
Other 7,874,000 8,544,000 7,974,000
Total non-interest expense 51,127,000 48,931,000 45,517,000
Earnings before income taxes 18,929,000 13,846,000 17,203,000
Income tax expense 3,796,000 2,489,000 3,136,000
Net earnings $ 15,133,000 $ 11,357,000 $ 14,067,000
Basic net earnings per share $ 2.71 $ 2.01 $ 2.43
Diluted net earnings per share 2.63 1.95 2.36
Cash dividends declared per share $ 0.66 $ 0.75 $ 0.66