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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest and Dividend Income:    
Loans, including fees $ 13,041 $ 9,184
Due from banks 64 73
Federal funds sold 6 1
Securities:    
Taxable 1,764 989
Tax-exempt 212 209
Dividends and interest on all other securities 66 14
Total interest and dividend income 15,153 10,470
Interest Expense:    
Checking and savings deposits 854 176
Time deposits 537 361
Federal funds purchased, securities sold under agreements to repurchase and other borrowings 37 1
Long term borrowings 295 295
Federal Home Loan Bank advances 617 0
Total interest expense 2,340 833
Net interest income 12,813 9,637
Provision for credit losses 376 101
Net interest income after provision for credit losses 12,437 9,536
Noninterest Income:    
Bank-owned life insurance income 254 231
Mortgage banking income 95 220
Total noninterest income 3,421 3,515
Noninterest Expense:    
Salaries and employee benefits 7,363 6,422
Occupancy and equipment 1,195 1,161
Data processing 1,179 1,090
Customer development 113 93
Professional services 673 630
Employee professional development 234 264
Other taxes 213 213
ATM and other losses 255 14
Other operating expenses 943 826
Total noninterest expense 12,168 10,713
Income before income taxes 3,690 2,338
Income tax expense 607 307
Net income $ 3,083 $ 2,031
Basic Earnings per Share:    
Weighted average shares outstanding (in shares) 4,999,887 5,186,354
Net income per share of common stock (in dollars per share) $ 0.62 $ 0.39
Diluted Earnings per Share:    
Weighted average shares outstanding (in shares) 5,000,020 5,186,431
Net income per share of common stock (in dollars per share) $ 0.62 $ 0.39
Fiduciary and Asset Management Fees [Member]    
Noninterest Income:    
Noninterest revenue $ 1,116 $ 1,072
Service Charges on Deposit Accounts [Member]    
Noninterest Income:    
Noninterest revenue 753 722
Other Service Charges, Commissions and Fees [Member]    
Noninterest Income:    
Noninterest revenue 1,109 1,053
Other Operating Income [Member]    
Noninterest Income:    
Noninterest revenue $ 94 $ 217