XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest and Dividend Income    
Interest and fees on loans and loans held for sale $ 23,694 $ 18,268
Interest on investment securities available for sale 3,934 1,135
Dividends on marketable equity securities 168 112
Interest on investment securities held to maturity 474 273
Dividends on Federal Home Loan Bank stock 36 28
Interest on deposits in other banks 1,489 242
Total Interest and Dividend Income 29,795 20,058
Interest Expense    
Interest expense on deposits 4,583 575
Interest expense on borrowings 87 86
Interest expense on junior subordinated debentures 93 93
Total Interest Expense 4,763 754
Net Interest Income 25,032 19,304
Provision (benefit) for credit losses 360 (150)
Net Interest Income After Provision (Benefit) for Credit Losses 24,672 19,454
Other Operating Income    
Mortgage banking income 2,008 6,982
Purchased receivable income 977 402
Unrealized (loss) gain on marketable equity securities (223) (422)
Keyman life insurance proceeds 0 2,002
Other income 781 681
Total Other Operating Income 4,908 10,823
Other Operating Expense    
Salaries and other personnel expense 15,484 14,106
Data processing expense 2,355 1,992
Occupancy expense 1,943 1,726
Professional and outside services 722 722
Marketing expense 564 425
Insurance expense 557 566
OREO expense, net rental income and gains on sale 26 (12)
Intangible asset amortization expense 4 6
Other operating expense 1,854 1,570
Total Other Operating Expense 23,509 21,101
Income Before Provision for Income Taxes 6,071 9,176
Provision for income taxes 1,241 1,950
Net Income $ 4,830 $ 7,226
Earnings Per Share, Basic (in USD per share) $ 0.85 $ 1.22
Earnings Per Share, Diluted (in USD per share) $ 0.84 $ 1.20
Weighted Average Shares Outstanding, Basic (in shares) 5,691,432 5,938,037
Weighted Average Shares Outstanding, Diluted (in shares) 5,757,458 5,997,351
Bankcard fees    
Other Operating Income    
Bankcard fees and Service charges on deposit accounts $ 908 $ 804
Service charges on deposit accounts    
Other Operating Income    
Bankcard fees and Service charges on deposit accounts $ 457 $ 374