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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 $ 44,231 $ 43,899
Federal funds sold 1,088 139
Other interest-bearing deposits 1,467 233
Investment securities:    
Taxable 8,416 2,810
Tax exempt 1,249 1,021
Dividends 280 170
Total interest and dividend income 56,731 48,272
Interest expense:    
Demand and savings deposits 2,327 2,308
Certificates and other time deposits 657 1,108
Borrowings 200 (132)
Total interest expense 3,184 3,284
Net interest income 53,547 44,988
Provision for loan losses 106 1,014
Net interest income after provision for loan losses 53,441 43,974
Noninterest income:    
Wealth management fees 2,440 3,508
Advisory and brokerage income 770 1,154
Deposit account fees 1,799 1,459
Debit/credit card and ATM fees 2,794 2,070
Bank owned life insurance income 963 708
Resolution of commercial dispute 2,400  
Gain on sale of business line 404  
Gains on sale of assets, net 1,043 81
Other 1,048 1,485
Total noninterest income 13,661 10,465
Noninterest expense:    
Salaries and employee benefits 17,260 16,129
Net occupancy 4,526 3,575
Equipment 897 966
Bank franchise tax 1,216 1,136
Computer software 1,136 1,020
Data processing 2,727 2,793
FDIC deposit insurance assessment 511 858
Marketing, advertising and promotion 1,224 922
Merger and merger-related expenses   7,423
Plastics expense 394 978
Professional fees 1,357 1,117
Core deposit intangible amortization 1,684 1,389
Impairment on assets held for sale 242  
Other 5,382 4,216
Total noninterest expense 38,556 42,522
Income before income taxes 28,546 11,917
Provision for income taxes 5,108 1,846
Net income $ 23,438 $ 10,071
Net income per common share, basic $ 4.40 $ 2.16
Net income per common share, diluted $ 4.38 $ 2.14