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Condensed Consolidated Income Statement (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Loans        
Taxable $ 9,196 $ 9,945 $ 19,122 $ 19,740
Tax exempt 47 59 95 138
Securities        
Taxable 835 510 1,478 1,202
Tax exempt 85 81 173 159
Total interest income 10,163 10,595 20,868 21,239
Interest Expense        
Deposits 818 1,549 1,780 3,429
Repurchase agreements & other 12 20 23 48
Federal Home Loan Bank advance expense 51 92 107 192
Trust preferred securities expense 50 62 101 150
Subordinated debt expense 75 75
Total interest expense 1,006 1,723 2,086 3,819
Net Interest Income 9,157 8,872 18,782 17,420
Provision for loan losses 1,300 750 1,900
Net interest income after provision for loan losses 9,157 7,572 18,032 15,520
Noninterest Income        
Wealth management fees 955 775 1,867 1,543
Customer service fees 820 667 1,578 1,349
Gain on sale of mortgage loans & OMSR 4,255 8,119 10,114 10,068
Mortgage loan servicing fees, net (217) (1,880) 2,161 (3,932)
Gain on sale of non-mortgage loans 45 107 62 211
Title insurance income 532 609 1,053 874
Gain (loss) on sale/disposal of assets 2 (80) (126)
Other income 145 298 624 789
Total noninterest income 6,537 8,615 17,459 10,776
Noninterest Expense        
Salaries and employee benefits 6,881 6,419 13,501 11,846
Net occupancy expense 748 675 1,488 1,373
Equipment expense 778 780 1,510 1,480
Data processing fees 653 1,288 1,187 1,836
Professional fees 574 1,224 1,338 1,981
Marketing expense 220 141 355 349
Telephone and communications 139 122 293 237
Postage and delivery expense 97 96 208 211
State, local and other taxes 278 262 601 516
Employee expense 161 93 314 277
Other expenses 547 562 1,190 962
Total noninterest expense 11,076 11,662 21,985 21,068
Income before income tax 4,618 4,525 13,506 5,228
Provision for income taxes 857 870 2,664 892
Net Income 3,761 3,655 10,842 4,336
Net income available to common shareholders $ 3,761 $ 3,655 $ 10,842 $ 4,336
Basic earnings per common share (in Dollars per share) $ 0.53 $ 0.47 $ 1.50 $ 0.56
Diluted earnings per common share (in Dollars per share) $ 0.52 $ 0.47 $ 1.49 $ 0.56
Average common shares outstanding (in thousands):        
Basic: (in Shares) 7,148 7,708 7,232 7,750
Diluted: (in Shares) 7,200 7,708 7,256 7,750