In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
INTEREST AND DIVIDEND INCOME | | | | | | | | |
Interest and fees on loans | 48.5 | 47.9 | 49.0 | 50.4 | 46.6 | 40.2 | 25.8 | 23.8 |
Interest-earning deposits in other institutions | 0.5 | 0.1 | 0.1 | 0.7 | 0.6 | 0.3 | 0.1 | 0.0 |
Federal funds sold | 0.2 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Investment securities: | | | | | | | | |
Taxable interest | 1.8 | 1.7 | 0.9 | 0.8 | 0.7 | 0.8 | 1.1 | 1.5 |
Tax-exempt interest | 3.7 | 2.6 | 2.5 | 2.4 | 2.3 | 2.4 | 2.9 | 3.2 |
Dividends on stock | 0.2 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 |
Total interest and dividend income | 54.9 | 52.3 | 52.6 | 54.5 | 50.4 | 44.0 | 30.0 | 28.6 |
|
INTEREST EXPENSE | | | | | | | | |
Deposits | 4.0 | 3.9 | 9.0 | 12.4 | 8.6 | 30.7 | 3.6 | 3.4 |
Short-term borrowings | 0.3 | | 0.1 | 0.4 | 0.8 | 0.8 | 0.3 | 0.2 |
Other borrowings | 0.4 | 0.3 | 0.2 | 0.4 | 0.4 | 0.5 | 0.3 | 0.2 |
Total interest expense | 4.7 | 4.2 | 9.3 | 13.1 | 9.9 | 44.0 | 4.2 | 3.8 |
NET INTEREST INCOME | 50.2 | 48.1 | 43.4 | 41.4 | 40.4 | 37.3 | 25.8 | 24.8 |
|
Provision for credit losses | | | | | | | | |
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES | 50.2 | 47.4 | 33.5 | 40.5 | 39.6 | 36.3 | 25.2 | 24.5 |
|
NONINTEREST INCOME | | | | | | | | |
Noninterest income revenue | | | | | | | | |
|
Gain on other real estate owned | | | | | | | | |
Earnings on bank-owned life insurance | 0.5 | 0.5 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.6 |
Gain on sale of loans | 0.0 | 1.2 | 1.5 | 0.4 | 0.2 | 0.8 | 0.4 | 0.3 |
Revenue from investment services | 0.7 | 0.7 | 0.5 | | | | | |
Gross rental income | 1.0 | 0.2 | | | | | | |
Total noninterest income | 6.7 | 7.2 | 6.0 | 4.8 | 3.7 | 4.9 | 4.0 | 4.0 |
|
NONINTEREST EXPENSE | | | | | | | | |
Salaries and employee benefits | 17.5 | 17.2 | 15.8 | 16.8 | 15.7 | 13.8 | 10.2 | 9.8 |
Occupancy expense | 2.0 | 2.0 | 2.2 | 2.2 | 1.9 | 1.8 | 1.3 | 1.3 |
Equipment expense | 1.1 | 1.4 | 1.3 | 1.0 | 1.0 | 1.1 | 1.0 | 0.9 |
Data processing and information technology costs | 3.7 | 3.3 | 2.7 | 2.2 | 1.8 | 1.8 | 1.3 | 1.1 |
Ohio state franchise tax | 1.2 | 1.1 | 1.1 | 1.0 | 0.8 | 0.7 | 0.6 | 0.3 |
Federal deposit insurance expense | 0.3 | 0.5 | 0.4 | 0.2 | 0.6 | 0.5 | 0.4 | 0.5 |
Professional fees | 1.5 | 1.3 | 1.4 | 1.7 | 1.5 | 1.8 | 1.4 | 1.2 |
Other real estate owned writedowns | 1.2 | | | | | | | |
Advertising expense | 1.0 | 0.9 | 0.7 | 0.7 | 0.9 | 0.8 | 0.7 | 0.7 |
Software amortization expense | 0.1 | 0.4 | 0.4 | 0.6 | 0.6 | 0.4 | | |
Core deposit intangible amortization | 0.4 | 0.3 | 0.3 | 0.3 | 0.4 | 0.4 | 0.0 | 0.0 |
Gross other real estate owned expenses | 0.7 | 0.1 | | | | | | |
|
Merger-related costs | | | | | | | | |
Other expense | 4.9 | 3.6 | 3.8 | 3.3 | 3.6 | 3.3 | 3.9 | 3.7 |
Total noninterest expense | 38.0 | 32.0 | 29.8 | 30.0 | 28.7 | 27.5 | 20.9 | 20.1 |
Income before income taxes | 18.9 | 22.7 | 9.8 | | | | | |
Income taxes | 3.2 | 4.1 | 1.4 | 2.6 | 2.2 | 4.2 | 1.9 | 1.6 |
NET INCOME | 15.7 | 18.6 | 8.3 | 12.7 | 12.4 | 9.5 | 6.4 | 6.9 |
|
EARNINGS PER SHARE | | | | | | | | |
Basic (in dollars per share) | $2.60 | $3.01 | $1.31 | $1.96 | $1.92 | $3.12 | $3.04 | $3.41 |
Diluted (in dollars per share) | $2.59 | $3.00 | $1.30 | $1.95 | $1.91 | $3.10 | $3.03 | $3.39 |