XML 16 R4.htm IDEA: XBRL DOCUMENT v3.23.1
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 $ 44,419 $ 41,363
Interest and dividends on securities 3,848 2,232
Other income 325 105
Total interest and dividend income 48,592 43,700
Interest Expense    
Interest expense on deposits 5,611 3,601
Interest expense on borrowings 1,145 686
Total interest expense 6,756 4,287
Net interest income 41,836 39,413
Provision for (credit to) loan losses 1,414 (3,667)
Net interest income after provision for (credit to) loan losses 40,422 43,080
Non-interest Income    
Service charges on deposit accounts 2,829 2,584
Net realized loss on sales and calls of securities (170) (4)
Net gain on sales of loans 864 2,582
Increase in cash surrender value of life insurance 640 571
Net gain from sale of other real estate owned   9
(Loss) gain on disposal of premises and equipment (38) 17
Gain on life insurance   195
Investment advisory income 1,233 1,130
Other 538 339
Total non-interest income 5,896 7,423
Non-interest Expense    
Salaries and employee benefits 21,599 20,110
Occupancy 4,583 4,124
Data processing 1,882 1,744
Professional fees 1,743 1,842
Marketing 693 708
FDIC deposit insurance and other insurance 829 769
Other real estate owned expense   7
Amortization of intangible assets 99 96
Other 5,994 6,112
Total non-interest expense 37,422 35,512
Income before income taxes 8,896 14,991
Provision for income taxes 1,899 3,433
Net income $ 6,997 $ 11,558
Earnings per common share:    
Basic (in dollars per share) $ 0.65 $ 1.07
Diluted (in dollars per share) $ 0.64 $ 1.06
Weighted average shares outstanding, basic 10,839,335 10,769,191
Weighted average shares outstanding, diluted 11,004,597 10,954,366