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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Interest and dividend income        
Loans and leases, including fees $ 23,684 $ 14,042 $ 46,022 $ 26,870
Securities 213 221 428 445
FHLB and FRB stock dividends 138 78 259 140
Federal funds sold and other 2,190 364 3,692 402
Total interest and dividend income 26,225 14,705 50,401 27,857
Interest expense        
Deposits 13,660 2,501 24,079 4,185
FHLB advances and other debt 789 424 1,531 894
Subordinated debentures 290 235 572 459
Total interest expense 14,739 3,160 26,182 5,538
Net interest income 11,486 11,545 24,219 22,319
Provision for credit losses        
Provision for credit losses-loans (63)   204  
Provision for credit losses-unfunded commitments 75   45  
Total provision for credit losses 12   249  
Net interest income after provision for credit losses 11,474 11,545 23,970 22,319
Noninterest income        
Service charges on deposit accounts 379 289 683 555
Net gains on sales of residential mortgage loans 40 121 37 678
Net gains on sales of commercial loans 143   143
Swap fee income 142 5 172 18
Earnings on bank owned life insurance 155 149 305 295
Other 262 101 500 165
Total noninterest income 978 808 1,697 1,854
Noninterest expense        
Salaries and employee benefits 3,778 3,578 7,764 7,199
Occupancy and equipment 456 312 837 631
Data processing 487 529 1,036 1,049
Franchise and other taxes 328 338 627 661
Professional fees 632 645 1,238 1,252
Director fees 164 153 334 294
Postage, printing and supplies 37 38 92 81
Advertising and marketing 71 134 254 179
Telephone 72 61 136 114
Loan expenses 187 106 359 206
Depreciation 148 126 281 241
FDIC premiums 519 227 1,022 378
Regulatory assessment 60 65 118 131
Other insurance 52 46 99 90
Other 182 114 667 243
Total noninterest expense 7,173 6,472 14,864 12,749
Income before incomes taxes 5,279 5,881 10,803 11,424
Income tax expense 1,056 1,155 2,132 2,180
Net income $ 4,223 $ 4,726 $ 8,671 $ 9,244
Earnings per common share:        
Basic $ 0.66 $ 0.74 $ 1.35 $ 1.44
Diluted $ 0.66 $ 0.72 $ 1.35 $ 1.41