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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
INTEREST INCOME    
Interest and fees on loans $ 30,828 $ 22,085
Interest and dividends on investment securities:    
Interest and dividends on taxable investment securities 4,064 1,985
Interest and dividends on tax-exempt investment securities 7  
Interest on deposits with other banks 163 254
Total interest income 35,062 24,324
INTEREST EXPENSE    
Interest on deposits 7,281 1,358
Interest on short-term borrowings 1,361 2
Interest on long-term borrowings 756 534
Total interest expense 9,398 1,894
NET INTEREST INCOME 25,664 22,430
Provision for credit losses 1,213 600
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 24,451 21,830
NONINTEREST INCOME    
Service charges on deposit accounts 1,213 1,359
Trust and investment fee income 432 514
Interchange credits 1,212 1,038
Mortgage-banking revenue 977 1,867
Title Company revenue 137 323
Other noninterest income 1,363 945
Total noninterest income 5,334 6,046
NONINTEREST EXPENSE    
Salaries and wages 8,684 9,562
Employee benefits 2,921 2,662
Occupancy expense 1,619 1,567
Furniture and equipment expense 534 429
Data processing 1,798 1,607
Directors' fees 250 190
Amortization of other intangible assets 441 517
FDIC insurance premium expense 371 343
Other real estate owned expenses, net (1) (6)
Legal and professional fees 750 637
Merger-related expenses 691 730
Other noninterest expenses 2,835 2,094
Total noninterest expense 20,893 20,332
Income before income taxes 8,892 7,544
Income tax expense 2,435 1,931
NET INCOME $ 6,457 $ 5,613
Earnings per common share - Basic and diluted    
Basic net income per common share $ 0.32 $ 0.28
Diluted net income per common share 0.32 0.28
Dividends paid per common share $ 0.12 $ 0.12