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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Interest income:    
Interest and fees on loans $ 82,900 $ 80,643
Interest and dividends on investments 772 753
Interest on deposits with banks 3,811 676
Total interest income 87,483 82,072
Interest expense:    
Interest on deposits 11,071 9,754
Interest on borrowings 3,085 3,202
Total interest expense 14,156 12,956
Net interest income 73,327 69,116
Provision for loan losses 1,800 500
Net interest income after provision for loan losses 71,527 68,616
Non-interest income    
Service fees on deposit accounts 4,927 5,662
Other loan fees 1,379 1,346
Bank owned life insurance income 568 575
Gain on sale of SBA loans 98 214
Net gain on OREO 328 60
Other 1,082 942
Total non-interest income 8,382 8,799
Non-interest expense    
Compensation and benefits 10,835 9,731
Professional services 2,249 3,724
Occupancy and equipment 2,522 2,381
Data processing 1,293 1,306
FDIC insurance and other assessments 1,050 1,104
OREO expense 493 287
Other operating expense 5,391 3,970
Total non-interest expense 23,833 22,503
Income before income tax expense 56,076 54,912
Income tax expense 14,253 13,937
Net income attributable to Company and noncontrolling interest 41,823 40,975
Less: Net income attributable to noncontrolling interest 0 (215)
Net income attributable to Company 41,823 40,760
Less: Preferred stock dividend (27) (28)
Net income available to common shareholders $ 41,796 $ 40,732
Earnings per common share    
Basic (in dollars per share) $ 3.51 $ 3.43
Diluted (in dollars per share) $ 3.44 $ 3.36
Weighted average common shares outstanding    
Basic (in shares) 11,918,319 11,888,429
Diluted (in shares) 12,175,440 12,120,716