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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest and Dividend Income:        
Interest and fees on loans $ 21,160 $ 21,974 $ 59,024 $ 65,334
Interest and dividends on securities:        
Taxable 2,664 1,896 7,344 5,297
Tax-exempt 110 94 297 293
Dividends 118 112 347 349
Other interest income 1,099 201 2,076 375
Total interest and dividend income 25,151 24,277 69,088 71,648
Interest Expense:        
Interest on deposits 741 781 1,956 2,990
Interest on short-term borrowings 11 3 26 19
Interest on long-term borrowings 392 400 1,156 1,352
Total interest expense 1,144 1,184 3,138 4,361
Net Interest Income 24,007 23,093 65,950 67,287
Provision for (recovery of) loan losses 615 482 438 (870)
Net Interest Income After Provision for (Recovery of) Loan Losses 23,392 22,611 65,512 68,157
Noninterest Income:        
Income from Small Business Investment Companies 501 491 1,672 1,510
Income from insurance investments 100 132 644 1,062
Losses on premises and equipment, net (2) (107) (82) (588)
Other 243 231 706 704
Total noninterest income 4,760 5,123 15,197 16,187
Noninterest Expense:        
Salaries and employee benefits 9,618 8,185 26,936 23,881
Occupancy and equipment 1,514 1,513 4,576 4,548
FDIC assessment 227 194 694 644
Bank franchise tax 488 440 1,452 1,321
Core deposit intangible amortization 310 361 960 1,113
Data processing 818 748 2,446 2,224
Software 362 344 1,088 1,011
Other real estate owned, net 3 21 4 148
Other 3,108 3,037 9,096 8,655
Total noninterest expense 16,448 14,843 47,252 43,545
Income Before Income Taxes 11,704 12,891 33,457 40,799
Income Taxes 2,448 2,713 7,062 8,566
Net Income $ 9,256 $ 10,178 $ 26,395 $ 32,233
Net Income Per Common Share:        
Basic (in dollars per share) $ 0.87 $ 0.94 $ 2.47 $ 2.96
Diluted (in dollars per share) $ 0.87 $ 0.94 $ 2.47 $ 2.95
Weighted Average Common Shares Outstanding:        
Basic (in shares) 10,640,952 10,833,875 10,694,096 10,907,721
Diluted (in shares) 10,643,073 10,836,293 10,696,409 10,911,372
Asset Management [Member]        
Noninterest Income:        
Noninterest Income $ 1,603 $ 1,576 $ 4,999 $ 4,490
Deposit Account [Member]        
Noninterest Income:        
Noninterest Income 681 664 2,079 1,916
Interchange Service [Member]        
Noninterest Income:        
Noninterest Income 1,013 958 2,990 3,025
Financial Service, Other [Member]        
Noninterest Income:        
Noninterest Income 233 189 699 619
Mortgage Banking [Member]        
Noninterest Income:        
Noninterest Income $ 388 $ 989 $ 1,490 $ 3,449