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Consolidated Statements Of Income - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest Income        
Loans $ 6,174,000 $ 6,624,000 $ 12,079,000 $ 13,484,000
Securities        
US Government and agency obligations 322,000 219,000 580,000 410,000
Mortgage backed securities 452,000 84,000 759,000 161,000
Municipals - taxable 270,000 193,000 541,000 336,000
Municipals - tax exempt 19,000 10,000 37,000 20,000
Dividends 27,000 29,000 31,000 35,000
Corporates 143,000 50,000 251,000 100,000
Interest bearing deposits 27,000 5,000 34,000 19,000
Federal Funds sold 164,000 20,000 201,000 34,000
Total interest income 7,598,000 7,234,000 14,513,000 14,599,000
Deposits        
NOW, money market savings 115,000 138,000 241,000 273,000
Time deposits 146,000 278,000 324,000 651,000
Finance leases 24,000 27,000 49,000 54,000
Other borrowings 108,000   222,000  
Capital notes 81,000 81,000 163,000 163,000
Total interest expense 474,000 524,000 999,000 1,141,000
Net interest income 7,124,000 6,710,000 13,514,000 13,458,000
Recovery of loan losses (300,000)   (600,000)  
Net interest income after recovery of loan losses 7,424,000 6,710,000 14,114,000 13,458,000
Noninterest income        
Gain on sales of loans held for sale 1,299,000 2,310,000 3,203,000 4,084,000
Service charges, fees and commissions 658,000 637,000 1,250,000 1,191,000
Wealth management fees 961,000   1,976,000  
Life insurance income 112,000 100,000 225,000 198,000
Other 4,000 2,000 11,000 10,000
Total noninterest income 3,034,000 3,049,000 6,665,000 5,483,000
Noninterest expenses        
Salaries and employee benefits 4,533,000 4,076,000 8,522,000 7,808,000
Occupancy 432,000 405,000 903,000 833,000
Equipment 617,000 631,000 1,223,000 1,257,000
Supplies 122,000 116,000 264,000 234,000
Professional, data processing, and other outside expense 871,000 1,035,000 1,925,000 1,949,000
Marketing 247,000 238,000 439,000 511,000
Credit expense 259,000 284,000 521,000 560,000
Other real estate expenses 6,000 7,000 12,000 73,000
FDIC insurance expense 131,000 123,000 261,000 288,000
Amortization of intangibles 140,000   280,000  
Other 234,000 322,000 890,000 613,000
Total noninterest expenses 7,592,000 7,237,000 15,240,000 14,126,000
Income before income taxes 2,866,000 2,522,000 5,539,000 4,815,000
Income tax expense 574,000 508,000 1,108,000 966,000
Net Income $ 2,292,000 $ 2,014,000 $ 4,431,000 $ 3,849,000
Weighted average number of shares 4,740,657 4,748,356 4,740,657 4,757,480
Weighted average diluted shares 4,740,657 4,748,356 4,740,657 4,757,480
Diluted EPS (Including incremental shares) $ 0.48 $ 0.42 $ 0.93 $ 0.81