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Consolidated Statements of Earnings - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest income:      
Interest and fees on loans $ 43,077,000 $ 41,186,000 $ 42,314,000
Interest on due from banks 2,223,000 258,000 127,000
Interest on federal funds sold     204,000
Interest on investment securities:      
U.S. Government sponsored enterprises 4,962,000 2,478,000 2,361,000
States and political subdivisions 4,075,000 3,146,000 2,691,000
Other 94,000 111,000 261,000
Total interest income 54,431,000 47,179,000 47,958,000
Interest expense:      
Demand deposits, MMDA & savings deposits 2,019,000 2,029,000 1,962,000
Time deposits 562,000 752,000 947,000
FHLB borrowings     357,000
Junior subordinated debentures 529,000 280,000 370,000
Other 213,000 144,000 200,000
Total interest expense 3,323,000 3,205,000 3,836,000
Net interest income 51,108,000 43,974,000 44,122,000
Provision for (recovery of) loan losses 1,472,000 (1,163,000) 4,259,000
Net interest income after provision for loan losses 49,636,000 45,137,000 39,863,000
Non-interest income:      
Service charges 5,290,000 3,921,000 3,528,000
Other service charges and fees 734,000 803,000 742,000
Gain on sale of securities     2,639,000
Mortgage banking income 393,000 2,505,000 2,469,000
Insurance and brokerage commissions 945,000 1,035,000 897,000
Appraisal management fee income 11,663,000 8,890,000 6,754,000
Gain (loss) on sale of premises and equipment (85,000) 105,000 0
Gain (loss) on sales and write-downs of other real estate, net   21,000 (47,000)
Miscellaneous 7,749,000 7,639,000 5,932,000
Total non-interest income 26,689,000 24,919,000 22,914,000
Non-interest expense:      
Salaries and employee benefits 26,130,000 24,506,000 23,538,000
Occupancy 8,048,000 7,858,000 7,933,000
Professional fees 1,915,000 1,826,000 1,580,000
Advertising 693,000 536,000 787,000
Debit card expense 1,224,000 1,000,000 1,012,000
FDIC insurance 461,000 415,000 263,000
Appraisal management fee expense 9,264,000 7,112,000 5,274,000
Other 8,295,000 7,874,000 8,544,000
Total non-interest expense 56,030,000 51,127,000 48,931,000
Earnings before income taxes 20,295,000 18,929,000 13,846,000
Income tax expense 4,172,000 3,796,000 2,489,000
Net earnings $ 16,123,000 $ 15,133,000 $ 11,357,000
Basic net earnings per share $ 2.94 $ 2.71 $ 2.01
Diluted net earnings per share 2.85 2.63 1.95
Cash dividends declared per share $ 0.87 $ 0.66 $ 0.75