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CONSOLIDATED CONDENSED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
INTEREST INCOME:    
Interest and fees on loans $ 16,143 $ 13,786
With a readily determinable fair value 17 12
Without a readily determinable fair value 20 5
Taxable 1,343 1,095
Non-taxable 176 189
Other investments 219 35
TOTAL INTEREST INCOME 17,918 15,122
INTEREST EXPENSE:    
Interest on deposits 2,456 739
Interest on short-term borrowings 1,304 86
Interest on long-term debt 216 74
TOTAL INTEREST EXPENSE 3,976 899
NET INTEREST INCOME 13,942 14,223
Provision for (recovery of) credit losses (57) 49
NET INTEREST INCOME AFTER PROVISION FOR (RECOVERY OF) CREDIT LOSSES 13,999 14,174
NON-INTEREST INCOME:    
Bank-owned life insurance income 271 265
Gains from sales of loans 6 124
Other operating income 82 60
TOTAL NON-INTEREST INCOME 3,581 3,550
NON-INTEREST EXPENSE:    
Salaries and employee benefits 7,349 7,215
Equipment expenses 361 408
Occupancy expense, net 963 775
State financial institutions tax 397 436
Marketing 192 262
Amortization of intangibles 111 140
FDIC insurance premiums, net 215 126
Contracted services 641 610
Other non-interest expense 2,296 2,278
TOTAL NON-INTEREST EXPENSE 12,525 12,250
INCOME BEFORE INCOME TAXES 5,055 5,474
PROVISION FOR INCOME TAXES 898 951
NET INCOME $ 4,157 $ 4,523
Dividends declared per common share (usd per share) $ 0.21 $ 0.20
Earnings per common share:    
Basic (usd per share) 0.37 0.38
Diluted (usd per share) $ 0.37 $ 0.38
Weighted average common shares outstanding:    
Basic (in shares) 11,189,170 11,818,614
Diluted (in shares) 11,189,170 11,818,614
Fiduciary and Trust    
NON-INTEREST INCOME:    
Revenue from Contract with Customer, Excluding Assessed Tax $ 1,740 $ 1,695
Deposit Account    
NON-INTEREST INCOME:    
Revenue from Contract with Customer, Excluding Assessed Tax $ 1,482 $ 1,406