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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
INTEREST INCOME    
Loans, including fees $ 45,865 $ 35,016
Investment securities:    
Taxable 3,874 1,953
Tax-exempt 389 336
Other interest-bearing balances 53 13
Federal funds sold 45 314
Total Interest Income 50,226 37,632
INTEREST EXPENSE    
Deposits 12,001 2,294
Short-term borrowings 1,490 0
Long-term and subordinated debt 686 924
Total Interest Expense 14,177 3,218
Net Interest Income 36,049 34,414
Provisions 490 500
Net Interest Income After Provision for Credit Losses - Loans 35,559 33,914
NONINTEREST INCOME    
Net loss on sales of SBA loans 0 (9)
Earnings from cash surrender value of life insurance 254 246
Other 940 1,625
Total Noninterest Income 4,325 5,750
NONINTEREST EXPENSE    
Salaries and employee benefits 13,844 13,244
Software licensing and utilization 1,946 2,106
Occupancy, net 1,886 1,799
Equipment 1,251 1,011
Shares tax 899 920
Legal and professional fees 800 639
ATM/card processing 493 517
Intangible amortization 344 481
FDIC Assessment 340 591
Gain on sale or write-down of foreclosed assets, net 0 (16)
Merger and acquisition 224 0
Post-acquisition restructuring 0 329
Other 4,043 4,124
Total Noninterest Expense 26,070 25,745
INCOME BEFORE PROVISION FOR INCOME TAXES 13,814 13,919
Provision for income taxes 2,587 2,565
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $ 11,227 $ 11,354
PER COMMON SHARE DATA:    
Basic Earnings Per Common Share (in dollars per share) $ 0.71 $ 0.71
Diluted earnings per common share (in dollars per share) $ 0.70 $ 0.71
Weighted average common shares outstanding (basic) 15,886,186 15,957,864
Weighted average common shares outstanding (diluted) 15,931,121 15,977,936
Fiduciary and wealth management    
NONINTEREST INCOME    
Non-interest Income $ 1,236 $ 1,052
ATM debit card interchange    
NONINTEREST INCOME    
Non-interest Income 1,056 1,057
Service charges on deposits    
NONINTEREST INCOME    
Non-interest Income 435 684
Mortgage banking    
NONINTEREST INCOME    
Non-interest Income 384 529
Mortgage hedging    
NONINTEREST INCOME    
Non-interest Income $ 20 $ 566