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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest income:      
Taxable $ 62,110 $ 53,918 $ 41,985
Nontaxable 1,910 1,513 1,256
Interest-bearing deposits with financial institutions 886 148 121
Restricted investments in bank stock 184 127 162
Investment securities:      
U.S. government agency and corporations 6,321 4,068 3,197
States and political subdivisions (nontaxable) 5,466 4,413 2,374
States and political subdivisions (taxable) 1,795 1,281 398
Other securities 0 0 3
Total interest income 78,672 65,468 49,496
Interest expense:      
Deposits 6,144 3,456 4,756
Secured borrowings 209 156 0
Other short-term borrowings 45 1 248
FHLB advances 0 26 307
Total interest expense 6,398 3,639 5,311
Net interest income 72,274 61,829 44,185
Provision for loan losses 2,100 2,000 5,250
Net interest income after provision for loan losses 70,174 59,829 38,935
Other income:      
Earnings on bank-owned life insurance 1,290 1,227 794
Gain (loss) on write-down, sale or disposal of:      
Loans 1,623 4,172 3,603
Available-for-sale debt securities 4 46 115
Premises and equipment (195) (186) (142)
Total other income 16,642 18,287 14,668
Other expenses:      
Salaries and employee benefits 26,977 24,106 17,863
Premises and equipment 7,624 6,998 5,623
Data processing and communication 2,635 2,566 2,246
Advertising and marketing 3,381 3,253 2,269
Professional services 3,441 3,415 2,869
Merger-related expenses 0 3,033 2,452
Automated transaction processing 1,557 1,479 1,158
Office supplies and postage 682 640 541
PA shares tax 716 395 381
Loan collection 248 126 131
Other real estate owned 15 29 28
FDIC assessment 694 679 280
FHLB prepayment fee 0 369 481
Other 3,378 3,019 1,997
Total other expenses 51,348 50,107 38,319
Income before income taxes 35,468 28,009 15,284
Provision for income taxes 5,447 4,001 2,249
Net income $ 30,021 $ 24,008 $ 13,035
Per share data:      
Net income - basic (in dollars per share) $ 5.32 $ 4.51 $ 2.84
Net income - diluted (in dollars per share) 5.29 4.48 2.82
Dividends (in dollars per share) $ 1.35 $ 1.23 $ 1.14
Deposit Account [Member]      
Other income:      
Other Income $ 3,475 $ 2,623 $ 2,117
Credit and Debit Card [Member]      
Other income:      
Other Income 4,532 4,286 3,153
Bank Servicing [Member]      
Other income:      
Other Income 1,316 1,980 1,681
Fiduciary and Trust [Member]      
Other income:      
Other Income 2,481 2,253 1,785
Investment Advisory, Management and Administrative Service [Member]      
Other income:      
Other Income 955 984 749
Financial Service, Other [Member]      
Other income:      
Other Income $ 1,161 $ 902 $ 813