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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Interest Income    
Loans, including fees $ 24,507 $ 22,752
Investment securities, taxable 823 735
Investment securities, tax-exempt 1,245 1,137
Other 179 35
Total Interest Income 26,754 24,659
Interest Expense    
Deposits 1,815 2,094
Short-term borrowings 49  
Long-term debt 494 508
Other 57 63
Total Interest Expense 2,415 2,665
Net Interest Income 24,339 21,994
Provision for Loan Losses 725 650
Net Interest Income after Provision for Loan Losses 23,614 21,344
Non-Interest Income    
Service charges and fees 1,104 1,049
Debit card fees 846 873
Earnings on bank owned life insurance 341 416
Unrealized (loss) on equity securities (11) (33)
Unrealized gain on interest rate swap 332 199
Recovery on previously impaired investment securities 15 59
Net (loss) gain on sale of loans (18) 547
Other 95 78
Total Non-Interest Income 2,704 3,188
Non-Interest Expense    
Salaries and employee benefits 9,854 8,999
Occupancy and equipment 3,054 2,837
Professional services 2,108 1,560
Data processing 1,422 1,352
Advertising 714 602
Postage and supplies 266 304
FDIC insurance 272 183
Other 1,758 1,220
Total Non-Interest Expense 19,448 17,057
Income before Income Taxes 6,870 7,475
Income Tax Expense 1,162 1,288
Net Income $ 5,708 $ 6,187
Earnings per share: Basic $ 0.97 $ 1.05
Earnings per share: Diluted 0.97 1.05
Dividends declared per share $ 0.68 $ 0.54