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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Interest and dividend income:    
Interest and fees on loans $ 52,203 $ 42,316
Due from banks interest bearing accounts 9,351 3,829
Investment securities:    
Taxable 10,850 8,296
Non-taxable 914 909
Other earning assets 805 532
Total interest and dividend income 74,123 55,882
Interest expense:    
Time deposits over $250,000 410 35
Other deposits 7,174 1,151
Total interest expense 7,584 1,186
Net interest income 66,539 54,696
Provision for credit losses 1,100 900
Net interest income after provision for credit losses 65,439 53,796
Non-interest income:    
Service charges on deposit accounts 1,699 1,672
Losses on sales of available-for-sale securities (112) (152)
Gains on sales of loans held-for-sale 111 145
Debit card income 2,798 2,547
Gain on bargain purchase 1,405 0
Other income 1,944 2,721
Total non-interest income 7,845 6,933
Non-interest expenses:    
Salaries and employee benefits 25,914 24,204
Occupancy and equipment 4,329 3,598
Data processing 4,043 3,450
Stationery and supplies 349 292
Advertising 474 496
Director fees 327 290
Amortization of core deposit intangible 829 0
Other expense 7,373 6,733
Total non-interest expenses 43,638 39,063
Income before provision for income tax 29,646 21,666
Provision for income tax (8,092) (5,782)
Net income $ 21,554 $ 15,884
Basic income per share (in dollars per share) $ 1.42 $ 1.05
Diluted income per share (in dollars per share) $ 1.41 $ 1.04