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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest income    
Loans, including fees $ 22,760 $ 16,450
Taxable securities 9,802 5,358
Tax-exempt securities 1,458 2,426
Other interest income 308 18
Total interest income 34,328 24,252
Interest expense    
Deposits 5,401 400
Borrowed funds 4,138 366
Other interest expense 15 15
Total interest expense 9,554 781
Net interest income 24,774 23,471
Provision for (recapture of) credit losses 515 (2,638)
Net interest income after credit loss expense 24,259 26,109
Non-interest income    
Net gains/(losses) on securities 0 104
Income from life insurance 560 537
Other non-interest income 682 536
Total non-interest income 4,214 4,115
Non-interest expense    
Salaries and wages 9,494 9,529
Pensions and other employee benefits 2,468 2,039
Occupancy 1,457 1,546
Equipment rentals, depreciation and maintenance 1,339 1,379
Other operating 5,607 4,672
Total non-interest expense 20,365 19,165
Income before income taxes 8,108 11,059
Income tax expense 584 1,933
Net income $ 7,524 $ 9,126
Earnings per common share:    
Basic EPS (in usd per share) $ 1.01 $ 1.23
Diluted EPS (in usd per share) $ 1.00 $ 1.23
Fiduciary and wealth management    
Non-interest income    
Revenue from contract with customer $ 1,337 $ 1,305
Service charges and fees    
Non-interest income    
Revenue from contract with customer $ 1,635 $ 1,633