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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest and dividend income:    
Loans, including fees $ 35,139 $ 32,080
Loans accounted for under the fair value option 209 427
Investment securities 603 629
Interest-bearing deposits in other financial institutions 2,352 1,403
Dividends, restricted stock 95 173
Total interest and dividend income 38,398 34,712
Interest expense:    
Deposits 20,622 13,092
Other borrowed funds 1,706 2,047
Total interest expense 22,328 15,139
Net interest income 16,070 19,573
Less (Plus): Provision (release) for credit losses 72 (310)
Net interest income, after provision (release) for credit losses 15,998 19,883
Non-interest income:    
Trust and investment management fees 4,930 4,635
Net gain on mortgage loans 1,264 1,019
Net gain (loss) on loans held for sale 117 (178)
Bank fees 891 592
Risk management and insurance fees 49 127
Income on company-owned life insurance 105 90
Net loss on loans accounted for under the fair value option (302) (543)
Unrealized (loss) gain recognized on equity securities (6) 10
Other 229 54
Total non-interest income 7,277 5,806
Total income before non-interest expense 23,275 25,689
Non-interest expense:    
Salaries and employee benefits 11,267 13,098
Occupancy and equipment 1,976 1,914
Professional services 2,411 1,923
Technology and information systems 1,010 832
Data processing 948 1,139
Marketing 194 391
Amortization of other intangible assets 57 64
Other 1,833 1,167
Total non-interest expense 19,696 20,528
Income before income taxes 3,579 5,161
Income tax expense 1,064 1,341
Net income available to common shareholders $ 2,515 $ 3,820
Earnings per common share:    
Basic (in USD per share) $ 0.26 $ 0.40
Diluted (in USD per share) $ 0.26 $ 0.39