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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest and Dividend Income:    
Interest and fees on loans $ 24,912 $ 18,788
Interest and dividends on securities:    
Taxable 2,684 2,239
Tax-exempt 65 90
Dividends 170 113
Other interest income 471 177
Total interest and dividend income 28,302 21,407
Interest Expense:    
Interest on deposits 3,486 569
Interest on short-term borrowings 1,205 6
Interest on subordinated debt 387 379
Total interest expense 5,078 954
Net Interest Income 23,224 20,453
Provision for (recovery of) credit losses 329 (758)
Net Interest Income After Provision for (Recovery of) Credit Losses 22,895 21,211
Noninterest Income:    
Securities losses, net (68) 0
Income from Small Business Investment Companies 327 493
Income from insurance investments 29 447
(Losses) gains on premises and equipment, net (105) 4
Other 329 238
Total noninterest income 4,372 5,600
Noninterest Expense:    
Salaries and employee benefits 9,172 8,598
Occupancy and equipment 1,444 1,542
FDIC assessment 207 239
Bank franchise tax 510 476
Core deposit intangible amortization 283 330
Data processing 851 847
Software 444 363
Other real estate owned, net 0 (1)
Other 2,737 2,955
Total noninterest expense 15,648 15,349
Income Before Income Taxes 11,619 11,462
Income Taxes 2,462 2,463
Net Income $ 9,157 $ 8,999
Net Income Per Common Share:    
Basic (in dollars per share) $ 0.86 $ 0.84
Diluted (in dollars per share) $ 0.86 $ 0.84
Weighted Average Common Shares Outstanding:    
Basic (in shares) 10,630,571 10,754,287
Diluted (in shares) 10,632,681 10,756,902
Asset Management [Member]    
Noninterest Income:    
Noninterest Income $ 1,568 $ 1,809
Deposit Account [Member]    
Noninterest Income:    
Noninterest Income 556 689
Interchange Service [Member]    
Noninterest Income:    
Noninterest Income 1,110 981
Financial Service, Other [Member]    
Noninterest Income:    
Noninterest Income 482 266
Mortgage Banking [Member]    
Noninterest Income:    
Noninterest Income $ 144 $ 673