XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Statements of Earnings (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest income:        
Loans $ 7,156 $ 8,840 $ 14,347 $ 17,244
Investment securities:        
Taxable 1,543 763 2,596 1,574
Tax-exempt 730 759 1,452 1,537
Total interest income 9,429 10,362 18,395 20,355
Interest expense:        
Deposits 358 261 553 542
Borrowings 173 121 299 242
Total interest expense 531 382 852 784
Net interest income 8,898 9,980 17,543 19,571
Provision for (reversal of) loan losses (500) 500
Net interest income after provision for loan losses 8,898 9,980 18,043 19,071
Non-interest income:        
Fees and service charges 2,380 2,153 4,568 4,186
Gains on sales of loans, net [1] 1,073 2,864 1,978 6,004
Bank owned life insurance [1] 190 153 377 301
Gains on sales of investment securities, net 33 1,108
Other 153 270 436 599
Total non-interest income 3,796 5,473 7,359 12,198
Non-interest expense:        
Compensation and benefits 4,953 5,023 9,728 9,964
Occupancy and equipment 1,177 1,105 2,410 2,167
Data processing 362 492 702 993
Amortization of mortgage servicing rights and other intangibles 335 412 651 849
Professional fees 415 431 866 823
Acquisition costs 221 221
Other 1,559 1,727 3,282 3,467
Total non-interest expense 9,022 9,190 17,860 18,263
Earnings before income taxes 3,672 6,263 7,542 13,006
Income tax expense 639 1,283 1,376 2,659
Net earnings $ 3,033 $ 4,980 $ 6,166 $ 10,347
Earnings per share:        
Basic (1) [2] $ 0.61 $ 1.00 $ 1.24 $ 2.07
Diluted (1) [2] 0.61 0.99 1.23 2.07
Dividends per share [2] $ 0.21 $ 0.19 $ 0.42 $ 0.38
[1] Not within the scope of ASC 606.
[2] Per share amounts for the periods ended June 30, 2021 have been adjusted to give effect to the 5% stock dividend paid during December 2021.