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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
INTEREST AND DIVIDEND INCOME    
Loans including fees $ 27,739 $ 28,323
Federal funds sold 8
Interest-earning deposits with banks 1,514 95
Investments 1,983 1,377
Dividends on equity securities (restricted) 146 117
Total interest and dividend income 31,390 29,912
INTEREST EXPENSE    
Deposits 1,875 2,248
Borrowed funds 1,230 453
Total interest expense 3,105 2,701
NET INTEREST INCOME 28,285 27,211
PROVISION FOR LOAN LOSSES 625 372
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 27,660 26,839
NONINTEREST INCOME    
Service charges and fees 3,969 3,724
Card processing and interchange income 3,769 3,871
Insurance and investment fees 954 1,029
Net gain on sales of available-for-sale securities 322
Other noninterest income 548 1,034
Total noninterest income 9,240 9,980
NONINTEREST EXPENSES    
Salaries and employee benefits 13,365 12,662
Occupancy and equipment expenses 4,135 5,785
Data processing and telecommunications 2,369 2,444
Other operating expenses 6,650 6,976
Total noninterest expenses 26,519 27,867
INCOME BEFORE INCOME TAXES 10,381 8,952
INCOME TAX EXPENSE 2,299 1,942
NET INCOME $ 8,082 $ 7,010
Income Per Share    
Basic and Diluted $ 0.34 $ 0.29
Average Weighted Shares of Common Stock    
Basic and Diluted 23,898,185 23,922,086