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Consolidated Statements of Earnings - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest income:    
Loans, including fees $ 5,178 $ 5,412
Securities - Taxable 949 1,111
Securities - Tax-exempt 452 453
Federal funds sold and interest bearing bank deposits 28 279
Total interest income 6,607 7,255
Interest expense:    
Deposits 666 1,041
Short-term borrowings 4 2
Total interest expense 670 1,043
Net interest income 5,937 6,212
Provision for loan losses 0 400
Net interest income after provision for loan losses 5,937 5,812
Noninterest income:    
Service charge on deposit accounts 132 172
Mortgage lending 549 230
Bank-owned life insurance income 103 398
Other noninterest income 398 429
Securities gains, net 0 6
Total noninterest income 1,182 1,235
Noninterest expense:    
Salaries and benefits 2,851 2,831
Net occupancy and equipment 438 597
Professional fees 256 258
Other noninterest expense 1,145 1,170
Total noninterest expense 4,690 4,856
Earnings before income taxes 2,429 2,191
Income tax expense 423 390
Net earnings $ 2,006 $ 1,801
Net earnings per share:    
Basic and diluted earnings per share $ 0.56 $ 0.50
Weighted average shares outstanding:    
Basic and diluted weighted average shares outstanding 3,566,299 3,566,146