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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Interest and Dividend Income:    
Loans, including fees $ 68,051 $ 58,861
Taxable securities 12,096 8,935
Tax exempt securities 1,068 1,061
Interest-earning deposits 260 151
Total interest and dividend income 81,475 69,008
Interest Expense:    
Deposits 6,655 3,284
Borrowed funds 641 135
Total interest expense 7,296 3,419
Net interest income 74,179 65,589
Provision for loan losses (554) 17
Net interest income after provision for loan losses 74,733 65,572
Non-Interest Income:    
Change in fair value of equity investments (349) 246
Net gain on sales of loans held for sale 107 1,073
Net gains (losses) on sales of other real estate owned 60 (16)
Income from bank owned life insurance 46 52
Other 2,901 3,385
Total non-interest income 21,436 23,870
Non-Interest Expenses:    
Salaries and wages 25,054 24,413
Pension and other employee benefits 7,668 6,086
Other components of net periodic pension cost (benefit) (1,648) (1,583)
Net occupancy expenses 5,539 5,873
Furniture and equipment expenses 1,906 1,669
Data processing expense 8,919 8,519
Professional services 2,171 1,932
Amortization of intangible assets 15 243
Marketing and advertising expense 941 792
Other real estate owned expenses (5) 40
FDIC insurance 1,356 1,408
Loan expense 1,001 1,037
Other 6,363 5,253
Total non-interest expenses 59,280 55,682
Income before income tax expense 36,889 33,760
Income tax expense 8,106 7,335
Net income $ 28,783 $ 26,425
Weighted average shares outstanding, basic (in shares) 4,693 4,683
Weighted average shares outstanding, diluted (in shares) 4,693 4,683
Basic earnings per share (in dollars per share) $ 6.13 $ 5.64
Diluted earnings per share (in dollars per share) $ 6.13 $ 5.64
WMG    
Non-Interest Income:    
Revenues from contracts with customer $ 10,280 $ 11,072
Service Charge on Deposits    
Non-Interest Income:    
Revenues from contracts with customer 3,788 3,214
Interchange revenue from debit card transactions    
Non-Interest Income:    
Revenues from contracts with customer $ 4,603 $ 4,844