XML 13 R4.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Statements of Operations (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 $ 11,683 $ 11,192 $ 22,496 $ 22,121
Securities 432 52 731 106
Other 769 253 1,075 518
Total interest income 12,884 11,497 24,302 22,745
Interest expense        
Deposits 555 552 1,000 1,220
Subordinated notes 199 170 397 170
Total interest expense 754 722 1,397 1,390
Net interest income 12,130 10,775 22,905 21,355
Provision for (recovery of) loan losses 459 (678) 735 (1,013)
Net interest income after provision for (recovery of) loan losses 11,671 11,453 22,170 22,368
Noninterest income        
Deposit service charges and fees 826 800 1,607 1,538
Loan servicing fees [1] 190 141 291 196
Mortgage brokerage and banking fees [1] 9 5 17 17
Trust and insurance commissions and annuities income 262 283 600 617
Earnings on bank-owned life insurance [1] 11 30 39 51
Bank-owned life insurance death benefit [1] 446 0 446 0
Other [1] 95 167 283 265
Total noninterest income 1,839 1,426 3,283 2,684
Noninterest expense        
Compensation and benefits 5,489 5,558 10,969 11,029
Office occupancy and equipment 1,933 1,892 4,067 3,989
Advertising and public relations 208 187 350 390
Information technology 895 723 1,746 1,433
Professional fees 412 343 785 713
Supplies, telephone, and postage 362 442 709 842
FDIC insurance premiums 106 114 222 220
Other 794 982 1,640 1,812
Total noninterest expense 10,199 10,241 20,488 20,428
Income before income taxes 3,311 2,638 4,965 4,624
Income tax expense 744 712 1,130 1,229
Net income $ 2,567 $ 1,926 $ 3,835 $ 3,395
Basic and diluted earnings per common share (in dollars per share) $ 0.19 $ 0.13 $ 0.29 $ 0.23
Basic and diluted weighted average common shares outstanding (in shares) 13,165,023 14,433,748 13,184,424 14,577,958
[1] Not within the scope of ASC 606