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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Loans        
Taxable $ 8,880 $ 9,196 $ 16,932 $ 19,122
Tax exempt 73 47 134 95
Securities        
Taxable 1,469 835 2,704 1,478
Tax exempt 52 85 99 173
Total interest income 10,474 10,163 19,869 20,868
Interest Expense        
Deposits 567 818 1,185 1,780
Repurchase agreements & other 11 12 24 23
Federal Home Loan Bank advance expense 38 51 77 107
Trust preferred securities expense 71 50 124 101
Subordinated debt expense 194 75 389 75
Total interest expense 881 1,006 1,799 2,086
Net Interest Income 9,593 9,157 18,070 18,782
Provision for loan losses       750
Net interest income after provision for loan losses 9,593 9,157 18,070 18,032
Noninterest Income        
Wealth management fees 936 955 1,891 1,867
Customer service fees 860 820 1,654 1,578
Gain on sale of mortgage loans & OMSR 1,196 4,255 2,872 10,114
Mortgage loan servicing fees, net 606 (217) 1,810 2,161
Gain on sale of non-mortgage loans 167 45 336 62
Title insurance income 697 532 1,299 1,053
Gain on sale/disposal of assets   2 55  
Other income 211 145 558 624
Total noninterest income 4,673 6,537 10,475 17,459
Noninterest Expense        
Salaries and employee benefits 6,418 6,881 12,607 13,501
Net occupancy expense 719 748 1,461 1,488
Equipment expense 827 778 1,681 1,510
Data processing fees 643 653 1,219 1,187
Professional fees 760 574 1,710 1,338
Marketing expense 222 220 453 355
Telephone and communications 105 139 216 293
Postage and delivery expense 110 97 226 208
State, local and other taxes 277 278 555 601
Employee expense 175 161 311 314
Other expenses 546 547 1,222 1,190
Total noninterest expense 10,802 11,076 21,661 21,985
Income before income tax 3,464 4,618 6,884 13,506
Provision for income taxes 630 857 1,237 2,664
Net Income $ 2,834 $ 3,761 $ 5,647 $ 10,842
Basic earnings per common share (in Dollars per share) $ 0.4 $ 0.53 $ 0.8 $ 1.5
Diluted earnings per common share (in Dollars per share) $ 0.4 $ 0.52 $ 0.79 $ 1.49
Average common shares outstanding (in thousands):        
Basic: (in Shares) 7,075 7,148 7,055 7,232
Diluted: (in Shares) 7,149 7,200 7,116 7,256