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Condensed Consolidated Income Statement (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Loans        
Taxable $ 9,948 $ 10,179 $ 29,070 $ 29,919
Tax exempt 52 47 147 185
Securities        
Taxable 939 494 2,417 1,696
Tax exempt 94 87 267 246
Total interest income 11,033 10,807 31,901 32,046
Interest Expense        
Deposits 709 1,423 2,489 4,852
Repurchase agreements & other 12 12 35 60
Federal Home Loan Bank advance expense 40 59 147 251
Trust preferred securities expense 49 54 150 204
Subordinated debt expense 199 274
Total interest expense 1,009 1,548 3,095 5,367
Net Interest Income 10,024 9,259 28,806 26,679
Provision for loan losses 300 1,800 1,050 3,700
Net interest income after provision for loan losses 9,724 7,459 27,756 22,979
Noninterest Income        
Wealth management fees 959 839 2,826 2,382
Customer service fees 812 730 2,390 2,079
Gain on sale of mortgage loans & OMSR 3,947 8,085 14,061 18,153
Mortgage loan servicing fees, net 155 (169) 2,316 (4,101)
Gain on sale of non-mortgage loans 52 119 114 330
Title insurance income 508 517 1,561 1,391
Gain (loss) on sale/disposal of assets 1 (52) 1 (178)
Other income 215 349 839 1,138
Total noninterest income 6,649 10,418 24,108 21,194
Noninterest Expense        
Salaries and employee benefits 6,689 6,995 20,190 18,841
Net occupancy expense 714 736 2,202 2,109
Equipment expense 872 888 2,382 2,368
Data processing fees 671 586 1,858 2,422
Professional fees 817 695 2,155 2,676
Marketing expense 201 137 556 486
Telephone and communications 140 142 433 379
Postage and delivery expense 100 96 308 307
State, local and other taxes 286 331 887 847
Employee expense 186 155 500 432
Other expenses 580 574 1,770 1,536
Total noninterest expense 11,256 11,335 33,241 32,403
Income before income tax 5,117 6,542 18,623 11,770
Provision for income taxes 1,014 1,292 3,678 2,184
Net Income 4,103 5,250 14,945 9,586
Net income available to common shareholders $ 4,103 $ 5,250 $ 14,945 $ 9,586
Basic earnings per common share (in Dollars per share) $ 0.59 $ 0.69 $ 2.09 $ 1.25
Diluted earnings per common share (in Dollars per share) $ 0.58 $ 0.69 $ 2.08 $ 1.25
Average common shares outstanding (in thousands):        
Basic: (in Shares) 6,966 7,607 7,142 7,700
Diluted: (in Shares) 7,017 7,607 7,167 7,700