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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 $ 42,316 $ 39,207
Due from banks interest bearing accounts 3,829 722
Investment securities:    
Taxable 8,296 6,249
Non-taxable 909 603
Other earning assets 532 395
Total interest and dividend income 55,882 47,176
Interest expense:    
Time deposits over $250,000 35 64
Other deposits 1,151 848
Total interest expense 1,186 912
Net interest income 54,696 46,264
Provision (reversal of provision) for loan losses 900 (1,500)
Net interest income after provision (reversal of provision) for loan losses 53,796 47,764
Non-interest income:    
Service charges on deposit accounts 1,672 1,656
Losses on sales of available-for-sale securities (152) (221)
Gains on sales of loans held-for-sale 145 1,528
Debit card income 2,547 2,593
Other income 2,721 2,307
Total non-interest income 6,933 7,863
Non-interest expenses:    
Salaries and employee benefits 24,204 22,756
Occupancy and equipment 3,598 3,451
Data processing 3,450 3,377
Stationery and supplies 292 253
Advertising 496 382
Directors fees 290 293
Other expense 6,733 5,689
Total non-interest expenses 39,063 36,201
Income before provision for income tax 21,666 19,426
Provision for income tax (5,782) (5,240)
Net income $ 15,884 $ 14,186
Basic income per share (in dollars per share) $ 1.11 $ 0.96
Diluted income per share (in dollars per share) $ 1.09 $ 0.95