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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Loans        
Taxable $ 10,084 $ 9,948 $ 27,016 $ 29,070
Tax exempt 92 52 226 147
Securities        
Taxable 1,536 939 4,239 2,417
Tax exempt 52 94 151 267
Total interest income 11,764 11,033 31,632 31,901
Interest Expense        
Deposits 852 709 2,037 2,489
Repurchase agreements & other 8 12 32 35
Federal Home Loan Bank advance expense 180 40 257 147
Trust preferred securities expense 99 49 223 150
Subordinated debt expense 195 199 584 274
Total interest expense 1,334 1,009 3,133 3,095
Net Interest Income 10,430 10,024 28,499 28,806
Provision for loan losses 300 1,050
Net interest income after provision for loan losses 10,430 9,724 28,499 27,756
Noninterest Income        
Wealth management fees 930 959 2,821 2,826
Customer service fees 844 812 2,498 2,390
Gain on sale of mortgage loans & OMSR 876 3,947 3,748 14,061
Mortgage loan servicing fees, net 527 155 2,337 2,316
Gain on sale of non-mortgage loans 125 52 461 114
Title insurance income 476 508 1,775 1,561
Gain (loss) on sale/disposal of assets (12) 1 43 1
Other income 277 215 835 839
Total noninterest income 4,043 6,649 14,518 24,108
Noninterest Expense        
Salaries and employee benefits 5,858 6,689 18,465 20,190
Net occupancy expense 769 714 2,230 2,202
Equipment expense 918 872 2,599 2,382
Data processing fees 664 671 1,883 1,858
Professional fees 766 817 2,476 2,155
Marketing expense 200 201 653 556
Telephone and communications 134 140 350 433
Postage and delivery expense 75 100 301 308
State, local and other taxes 250 286 805 887
Employee expense 145 186 456 500
Other expenses 605 580 1,828 1,770
Total noninterest expense 10,384 11,256 32,046 33,241
Income before income tax 4,088 5,117 10,971 18,623
Provision for income taxes 746 1,014 1,983 3,678
Net Income $ 3,342 $ 4,103 $ 8,988 $ 14,945
Basic earnings per common share (in Dollars per share) $ 0.48 $ 0.59 $ 1.28 $ 2.09
Diluted earnings per common share (in Dollars per share) $ 0.47 $ 0.58 $ 1.27 $ 2.08
Average common shares outstanding (in thousands):        
Basic: (in Shares) 6,968,000 6,966,000 7,026,000 7,142,000
Diluted: (in Shares) 7,033,000 7,017,000 7,098,000 7,167,000