XML 19 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements Of Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Interest Income    
Loans $ 26,529 $ 28,021
Securities    
US Government and agency obligations 875 690
Mortgage backed securities 462 217
Municipals - taxable 813 361
Municipals - tax exempt 52 11
Dividends 67 78
Other (Corporates) 243 117
Interest bearing deposits 33 89
Federal Funds sold 107 102
Total interest income 29,181 29,686
Deposits    
NOW, money market savings 564 804
Time Deposits 1,105 3,348
Finance leases 106 115
Capital notes 327 273
Total interest expense 2,102 4,540
Net interest income 27,079 25,146
(Recovery of) provision for loan losses (500) 2,548
Net interest income after provision for loan losses 27,579 22,598
Noninterest income    
Gain on sales of loans held for sale 8,265 7,812
Service charges, fees and commissions 2,496 2,033
Life insurance income 430 436
Other 18 50
Gain on sales and calls of securities, net   644
Total noninterest income 11,209 10,975
Noninterest expenses    
Salaries and employee benefits 16,377 15,430
Occupancy 1,673 1,638
Equipment 2,526 2,350
Supplies 471 479
Professional, data processing, and other outside expense 4,094 3,691
Marketing 934 667
Credit expense 1,103 1,112
Other real estate expenses, net 102 443
FDIC insurance expense 548 336
Other 1,509 1,248
Total noninterest expenses 29,337 27,394
Income before income taxes 9,451 6,179
Income tax expense 1,862 1,199
Net Income $ 7,589 $ 4,980
Weighted average shares outstanding - basic 4,747,821 4,775,733
Weighted average shares outstanding - diluted 4,747,821 4,775,733
Earnings per common share - basic $ 1.60 $ 1.04
Earnings per common share - diluted $ 1.60 $ 1.04