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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest Income:    
Interest and fees on loans $ 14,592 $ 12,694
Interest on investment securities 4,396 3,728
Other 1,038 1,365
Total interest income 20,026 17,787
Interest Expense:    
Interest on deposits 1,186 466
Interest on junior subordinated deferrable interest debentures 0 141
Interest on borrowings 1,367 13
Other 16 18
Total interest expense 2,569 638
Net interest income before provision for credit losses 17,457 17,149
Provision for Credit Losses 821 1,525
Net interest income after provision for credit losses 16,636 15,624
Non-Interest Income:    
Gain on sale of buildings 19,854 0
Interchange revenue 739 718
Service charges 715 617
Gain on sale of loans 0 230
Gain on termination of swaps 0 1,707
Loss on sale of investment securities (19,826) 0
Other 658 653
Total non-interest income 2,140 3,925
Non-Interest Expenses:    
Salaries and employee benefits 5,366 5,067
Occupancy and equipment 1,690 1,340
Other 3,341 2,817
Total non-interest expenses 10,397 9,224
Income before provision for income taxes 8,379 10,325
Provision for Income Taxes 2,125 2,699
Net income $ 6,254 $ 7,626
Basic earnings per share (in dollars per share) $ 1.06 $ 1.3
Diluted earnings per share (in dollars per share) $ 1.05 $ 1.28