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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
INTEREST AND DIVIDEND INCOME    
Loans, including fees $ 26,015 $ 26,124
Taxable securities 6,665 2,613
Nontaxable securities 436 455
Other 1,703 337
Total interest and dividend income 34,819 29,529
INTEREST EXPENSE    
Deposits 2,335 1,884
Short-term borrowings 106 53
Other borrowings 55 75
Total interest expense 2,496 2,012
NET INTEREST INCOME 32,323 27,517
RECOVERY FOR LOAN LOSSES (895) (655)
Net interest income, after recovery for loan losses 33,218 28,172
NONINTEREST INCOME    
Gain on sale of loans, net 331 1,449
Earnings on bank owned life insurance 674 619
Unrealized (loss) gain on equity securities (3) 28
Other income 799 699
Total noninterest income 6,711 7,325
NONINTEREST EXPENSES    
Salaries and employee benefits 13,446 12,599
Occupancy expense 1,085 1,033
Equipment expense 781 714
Professional and director fees 1,551 1,184
Financial institutions tax 779 751
Marketing and public relations 551 461
Software expense 1,429 1,342
Debit card expense 734 710
Amortization of intangible assets   44
FDIC insurance expense 345 478
Other expenses 2,692 2,777
Total noninterest expenses 23,393 22,093
INCOME BEFORE INCOME TAXES 16,536 13,404
FEDERAL INCOME TAX PROVISION 3,223 2,567
NET INCOME $ 13,313 $ 10,837
EARNINGS PER SHARE    
Basic Earnings Per Share $ 4.91 $ 3.97
Diluted Earnings Per Share $ 4.91 $ 3.97
Deposit Account [Member]    
NONINTEREST INCOME    
Noninterest income $ 1,174 $ 939
Fiduciary and Trust [Member]    
NONINTEREST INCOME    
Noninterest income 954 1,059
Debit Card [Member]    
NONINTEREST INCOME    
Noninterest income 2,105 2,050
Credit Card [Member]    
NONINTEREST INCOME    
Noninterest income $ 677 $ 482