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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Interest and dividend income:    
Loans, including fees $ 135,429 $ 95,170
Loans accounted for under the fair value option 1,335 1,347
Investment securities 2,463 2,053
Interest-bearing deposits in other financial institutions 5,711 2,245
Dividends, restricted stock 620 381
Total interest and dividend income 145,558 101,196
Interest expense:    
Deposits 65,460 13,012
Other borrowed funds 8,993 4,258
Total interest expense 74,453 17,270
Net interest income 71,105 83,926
Less: Provision for credit losses [1],[2] 10,355 3,682
Net interest income, after provision for credit losses 60,750 80,244
Non-interest income:    
Trust and investment management fees 18,788 18,943
Net gain on mortgage loans 2,826 4,584
Net loss on loans held for sale (178) (12)
Bank fees 2,022 2,660
Risk management and insurance fees 919 1,231
Income on company-owned life insurance 378 349
Net gain on equity interests 0 7
Net loss on loans accounted for under the fair value option (2,010) (891)
Unrealized (loss)/gain recognized on equity securities (22) 342
Other (775) 477
Total non-interest income 21,948 27,690
Total income before non-interest expense 82,698 107,934
Non-interest expense:    
Salaries and employee benefits 45,202 48,248
Occupancy and equipment 7,597 7,520
Professional services 7,638 7,896
Technology and information systems 3,497 4,462
Data processing 4,539 4,285
Marketing 1,540 1,888
Marketing 250 308
Net gain on assets held for sale 0 (4)
Net gain on sale of other real estate owned 0 (44)
Other 5,374 4,547
Total non-interest expense 75,637 79,106
Income before income taxes 7,061 28,828
Income tax expense 1,836 7,130
Net income available to common shareholders $ 5,225 $ 21,698
Earnings per common share:    
Basic (in dollars per share) $ 0.55 $ 2.29
Diluted (in dollars per share) $ 0.54 $ 2.23
[1] Provision for credit loss amounts for periods prior to the ASC 326 adoption date of January 1, 2023 are reported in accordance with previously applicable GAAP.
[2] Provision for credit loss amounts for periods prior to the ASC 326 adoption date of January 1, 2023 are reported in accordance with previously applicable GAAP.