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Consolidated Statements Of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Interest and Dividend Income    
Interest and fees on loans $ 50,682 $ 39,871
Interest and dividends on securities:    
Taxable interest income 3,292 2,272
Interest income exempt from federal income taxes 221 419
Dividends 109 45
Interest on deposits in banks 352 69
Interest on federal funds sold 30
Total interest and dividend income 54,686 42,676
Interest Expense    
Interest on deposits 2,941 1,677
Interest on federal funds purchased 170
Interest on Federal Home Loan Bank advances 1,295
Interest on subordinated debt 1,067
Total interest expense 5,473 1,677
Net Interest Income 49,213 40,999
Provision For Loan Losses 1,830 1,483
Net interest income after provision for loan losses 47,383 39,516
Noninterest Income    
Wealth management fees 4,149 3,054
Service charges on deposit accounts 1,618 1,235
Other service charges and fees 3,943 3,941
(Loss)on the sale and disposal of bank premises and equipment (11)
(Loss) gain on sale of securities (737) 24
Gain on sale of loans 1,875 1,658
Bank owned life insurance income 626 527
Other operating income 1,882 881
Total noninterest income 13,345 11,320
Noninterest Expenses    
Salaries and employee benefits 25,730 21,854
Occupancy expenses 2,068 1,803
Equipment expenses 1,121 959
Advertising and marketing expenses 770 408
Stationery and supplies 199 155
ATM network fees 1,313 1,135
Other real estate owned expense 34 41
Loss on other real estate owned 0 201
FDIC assessment 614 606
Computer software expense 960 996
Bank franchise tax 886 781
Professional fees 2,019 3,760
Data processing fees 1,779 1,541
Other operating expenses 5,564 3,809
Total noninterest expenses 43,057 38,049
Income (loss) before taxes 17,671 12,787
Income Tax Expense 3,150 1,766
Net Income (loss) $ 14,521 $ 11,021
Earnings Per Share    
Net income per common share, basic $ 4.17 $ 3.20
Net income per common share, diluted $ 4.17 $ 3.20