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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest and dividend income:      
Loans $ 127,866 $ 116,352 $ 106,266
Investment securities:      
Taxable 22,663 9,795 8,162
Nontaxable 4,954 8,063 8,531
Interest and Dividend Income, Operating 155,483 134,210 122,959
Interest expense:      
Savings, NOW and money market deposits 32,164 7,180 4,414
Time deposits 19,267 5,296 5,712
Short-term borrowings 950 1,207 1,427
Long-term debt 16,237 4,814 4,599
Interest Expense 68,618 18,497 16,152
Net interest income 86,865 115,713 106,807
Provision (credit) for credit losses (326) 2,331 (2,573)
Net interest income after provision (credit) for credit losses 87,191 113,382 109,380
Noninterest income:      
Bank-owned life insurance 3,197 3,017 2,399
Service charges on deposit accounts 3,034 3,157 2,925
Net gain (loss) on sales of securities (3,489) 0 1,104
Gain (loss) on disposition of premises and fixed assets 240 (553) 0
Other 3,354 6,242 6,146
Noninterest Income 6,336 11,863 12,574
Noninterest expense:      
Salaries and employee benefits 37,373 41,096 39,753
Occupancy and equipment 13,140 13,407 15,338
Debt extinguishment 0 0 1,021
Other 13,546 12,523 12,535
Noninterest Expense 64,059 67,026 68,647
Income before income taxes 29,468 58,219 53,307
Income tax expense 3,229 11,287 10,218
Net income $ 26,239 $ 46,932 $ 43,089
Weighted average:      
Common shares (in shares) 22,550,562 22,868,658 23,655,635
Dilutive stock options and restricted stock units (in shares) 82,609 99,895 107,348
Weighted Average Number of Shares Outstanding, Diluted 22,633,171 22,968,553 23,762,983
Earnings per share:      
Basic (in dollars per share) $ 1.16 $ 2.05 $ 1.82
Diluted (in dollars per share) 1.16 2.04 1.81
Cash dividends declared per share (in dollars per share) $ 0.84 $ 0.82 $ 0.78