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Consolidated Statements of Earnings - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest income:        
Loans, including fees $ 5,097 $ 5,127 $ 14,638 $ 15,417
Securities - Taxable 1,808 1,048 4,691 3,006
Securities - Tax-exempt 441 441 1,275 1,337
Federal funds sold and interest bearing bank deposits 426 49 767 105
Total interest income 7,772 6,665 21,371 19,865
Interest expense:        
Deposits 524 620 1,661 1,900
Short-term borrowings 5 4 15 12
Total interest expense 529 624 1,676 1,912
Net interest income 7,243 6,041 19,695 17,953
Provision for loan losses 250 0 0 (600)
Net interest income after provision for loan losses 6,993 6,041 19,695 18,553
Noninterest income:        
Service charge on deposit accounts 158 149 446 419
Mortgage lending 126 268 566 1,241
Bank-owned life insurance income 97 100 293 302
Other noninterest income 427 443 1,259 1,311
Securities gains, net 44 15 44 15
Total noninterest income 852 975 2,608 3,288
Noninterest expense:        
Salaries and benefits 2,975 2,893 8,901 8,641
Net occupancy and equipment 794 467 1,955 1,340
Professional fees 235 232 704 814
Other noninterest expense 1,411 1,163 3,814 3,566
Total noninterest expense 5,415 4,755 15,374 14,361
Earnings before income taxes 2,430 2,261 6,929 7,480
Income tax expense 432 386 1,049 1,313
Net earnings $ 1,998 $ 1,875 $ 5,880 $ 6,167
Net earnings per share:        
Basic and diluted earnings per share $ 0.57 $ 0.53 $ 1.67 $ 1.74
Weighted average shares outstanding:        
Basic and diluted weighted average shares outstanding 3,507,318 3,536,320 3,513,068 3,552,387