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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Interest and Dividend Income    
Interest and fees on loans $ 74,281 $ 69,415
Interest on investment securities, taxable 7,934 4,146
Interest on investment securities, tax-exempt 120 120
Dividends 249 263
Interest on deposits in banks 1,482 175
Total interest and dividend income 84,066 74,119
Interest Expense    
Deposits 11,778 6,599
Federal funds purchased 15  
Federal Home Loan Bank advances 42 125
Subordinated debt 1,810 1,487
Total interest expense 13,645 8,211
Net interest income 70,421 65,908
Provision for loan losses 175 3,105
Net interest income after provision for loan losses 70,246 62,803
Non-interest Income    
Service charges on deposit accounts 324 262
Bank owned life insurance 544 411
Other service charges and fees 656 477
Gains on securities   10
Insurance commissions 382 284
Other operating income (loss) (215) 275
Total non-interest income 1,691 1,719
Non-interest Expenses    
Salaries and employee benefits 20,190 20,411
Occupancy expense of premises 1,893 1,985
Furniture and equipment expenses 1,325 1,436
Other operating expenses 8,466 8,430
Total non-interest expenses 31,874 32,262
Income before income taxes 40,063 32,260
Income tax expense 8,260 6,799
Net income $ 31,803 $ 25,461
Earnings per share, basic $ 2.27 $ 1.87
Earnings per share, diluted $ 2.25 $ 1.83