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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest and Dividend Income    
Interest and fees on loans and loans held for sale $ 30,450 $ 23,694
Interest on investment securities available for sale 3,718 3,934
Dividends on marketable equity securities 243 168
Interest on investment securities held to maturity 482 474
Dividends on Federal Home Loan Bank stock 77 36
Interest on deposits in other banks 838 1,489
Total Interest and Dividend Income 35,808 29,795
Interest Expense    
Interest expense on deposits 9,180 4,583
Interest expense on borrowings 86 87
Interest expense on junior subordinated debentures 95 93
Total Interest Expense 9,361 4,763
Net Interest Income 26,447 25,032
Provision for credit losses 149 360
Net Interest Income After Provision for Credit Losses 26,298 24,672
Other Operating Income    
Mortgage banking income 4,031 2,008
Purchased receivable income 1,345 977
Unrealized gain (loss) on marketable equity securities 314 (223)
Other income 688 781
Total Other Operating Income 7,844 4,908
Other Operating Expense    
Salaries and other personnel expense 15,417 15,484
Data processing expense 2,659 2,355
Occupancy expense 1,962 1,943
Professional and outside services 755 722
Insurance expense 779 557
Marketing expense 513 564
Intangible asset amortization expense 0 4
OREO expense, net rental income and gains on sale (391) 26
Other operating expense 1,944 1,854
Total Other Operating Expense 23,638 23,509
Income Before Provision for Income Taxes 10,504 6,071
Provision for income taxes 2,305 1,241
Net Income $ 8,199 $ 4,830
Earnings Per Share, Basic (in USD per share) $ 1.49 $ 0.85
Earnings Per Share, Diluted (in USD per share) $ 1.48 $ 0.84
Weighted Average Common Shares Outstanding, Basic (in shares) 5,499,578 5,691,432
Weighted Average Common Shares Outstanding, Diluted (in shares) 5,554,930 5,757,458
Bankcard fees    
Other Operating Income    
Bankcard fees and Service charges on deposit accounts $ 917 $ 908
Service charges on deposit accounts    
Other Operating Income    
Bankcard fees and Service charges on deposit accounts $ 549 $ 457