XML 27 R4.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Loans    
Taxable $ 37,959 $ 39,735
Tax exempt 206 239
Securities    
Taxable 3,386 2,328
Tax exempt 353 333
Total interest income 41,904 42,635
Interest Expense    
Deposits 3,129 6,070
Repurchase agreements & other 42 70
Federal Home Loan Bank advance expense 188 309
Trust preferred securities expense 199 256
Subordinated debt expense 462
Total interest expense 4,020 6,705
Net Interest Income 37,884 35,930
Provision for loan losses 1,050 4,500
Net interest income after provision for loan losses 36,834 31,430
Noninterest Income    
Wealth management fees 3,814 3,245
Customer service fees 3,217 2,807
Gain on sale of mortgage loans & OMSR 17,255 25,350
Mortgage loan servicing fees, net 2,940 (5,138)
Gain on sale of non-mortgage loans 158 453
Title insurance income 2,089 1,913
Other income 1,224 1,466
Total noninterest income 30,697 30,096
Noninterest Expense    
Salaries and employee benefits 26,838 25,397
Net occupancy expense 3,048 2,891
Equipment expense 3,281 3,186
Data processing fees 2,579 3,055
Professional fees 3,027 3,307
Marketing expense 784 658
Telephone and communications 581 535
Postage and delivery expense 414 415
State, local and other taxes 1,175 1,146
Employee expense 663 535
Other expense 2,418 1,962
Total noninterest expense 44,808 43,087
Income before income tax 22,723 18,439
Provision for income taxes 4,446 3,495
Net Income $ 18,277 $ 14,944
Basic earnings per common share (in Dollars per share) $ 2.58 $ 1.96
Diluted earnings per common share (in Dollars per share) $ 2.56 $ 1.96