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Consolidated Statements of Income - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Interest Income:    
Loans $ 25,637,000 $ 27,196,000
Investment Securities 16,738,000 9,907,000
Other 203,000 14,000
Total Interest Income 42,578,000 37,117,000
Interest Expense:    
Deposits 2,911,000 1,631,000
FHLB Advances and Other Borrowings 389,000 521,000
Subordinated Debentures 1,548,000 1,575,000
Junior Subordinated Debentures 180,000 97,000
Total Interest Expense 5,028,000 3,824,000
Net Interest Income 37,550,000 33,293,000
(Reversal of) Provision for Loan Losses 0 2,404,000
Net Interest Income after Provision for Loan Losses 37,550,000 35,697,000
Non-Interest Income:    
(Loss) Gain on Sales of Investment Securities (2,000) 0
Gain on Sale of Loans 1,705,000 3,836,000
Service Fees on Deposit Accounts 1,071,000 957,000
Commissions From Insurance Agency 784,000 610,000
Trust Income 1,548,000 1,439,000
BOLI Income 608,000 635,000
ATM and Check Card Fee Income 2,816,000 2,470,000
Grant Income 171,000 1,826,000
Other 911,000 860,000
Total Non-Interest Income 9,612,000 12,633,000
Non-Interest Expense:    
Compensation and Employee Benefits 20,050,000 19,160,000
Occupancy 2,811,000 2,622,000
Advertising 988,000 1,120,000
Depreciation and Maintenance of Equipment 2,925,000 3,137,000
FDIC Insurance Premiums 375,000 291,000
Net (Recovery) Expense from Operation of OREO 10,000 (116,000)
Write Down of Land Held for Sale 433,000 0
Consulting 705,000 1,202,000
Debit Card Expenses 1,267,000 1,198,000
Other 4,661,000 3,433,000
Total Non-Interest Expense 34,225,000 32,047,000
Income Before Income Taxes 12,937,000 16,283,000
Provision For Income Taxes 2,709,000 3,509,000
Net Income 10,228,000 12,774,000
Net Income (Loss) Available to Common Stockholders, Basic, Total $ 10,228,000 $ 12,774,000
Net Income Per Common Share (Basic) $ 3.14 $ 3.93
Cash Dividend Per Share On Common Stock $ 0.76 $ 0.44
Weighted Average Shares Outstanding (Basic) 3,252,884 3,252,884