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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest and dividend income:    
Loans $ 11,377 $ 9,657
Due from banks interest bearing accounts 2,400 166
Investment securities    
Taxable 2,683 1,728
Non-taxable 273 178
Other earning assets 178 118
Total interest and dividend income 16,911 11,847
Interest expense:    
Deposits 930 209
Total interest expense 930 209
Net interest income 15,981 11,638
Provision for credit losses 0 300
Net interest income after provision for credit losses 15,981 11,338
Non-interest income:    
Service charges on deposit accounts 412 443
Gains on sales of loans held-for-sale 18 68
Investment and brokerage services income 121 161
Mortgage brokerage income 10 0
Loan servicing income 64 384
Debit card income 654 623
Gains on sales/calls of available-for-sale securities 2 0
Gain on bargain purchase 1,405 0
Other income 187 239
Total non-interest income 2,873 1,918
Non-interest expenses:    
Salaries and employee benefits 6,805 5,683
Occupancy and equipment 1,017 866
Data processing 1,019 839
Stationery and supplies 100 64
Advertising 146 103
Directors' fees 66 63
Amortization of core deposit intangible 151 0
Other expense 1,980 1,484
Total non-interest expenses 11,284 9,102
Income before provision for income taxes 7,570 4,154
Provision for income taxes 2,081 1,113
Net income $ 5,489 $ 3,041
Basic earnings per common share (in dollars per share) $ 0.38 $ 0.21
Diluted earnings per common share (in dollars per share) $ 0.38 $ 0.21