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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest income      
Interest and fees on loans $ 40,922 $ 38,330 $ 36,504
Interest and dividends on investment securities (AFS & Equity):      
Taxable 9,396 6,551 5,668
Tax-exempt 1,965 1,796 1,405
Interest on interest-bearing balances and other interest income 138 93 116
Total interest income 52,421 46,770 43,693
Interest on deposits      
Interest-bearing demand 2,691 1,035 1,347
Money market 617 381 405
Savings 2,175 1,178 1,155
Time less than $100 723 921 1,599
Time $100 through $250 489 454 544
Time greater than $250 209 257 1,012
Interest on short-term borrowings 861 258 247
Interest on long-term debt 159 159 136
Total interest expense 7,924 4,643 6,445
Net interest income 44,497 42,127 37,248
Provision for loan losses (850) 458 1,250
Net interest income after provision for loan losses 45,347 41,669 35,998
Non-interest income      
Net unrealized (loss) gain on investment equity securities (1,026) 926 (47)
Net gain on sale of investment securities 266 1,806 609
Net gain on investment securities (760) 2,732 562
Fees for services to customers 1,614 1,326 1,315
ATM and debit card 2,719 2,682 2,195
Retail brokerage and advisory 788 786 581
Bank-owned life insurance 361 497 294
Merchant 394 451 417
Net gain on sale of loans 6 595 1,724
Other 609 712 514
Total non-interest income 5,731 9,781 7,602
Non-interest expense      
Salaries and employee benefits 17,306 17,453 16,541
Net occupancy 2,195 2,228 2,164
Furniture and equipment 2,917 2,787 2,750
Marketing 870 922 876
Third party services 2,474 2,160 1,923
Telephone, postage and supplies 748 715 736
State taxes 1,004 1,013 887
FDIC insurance premiums 768 793 569
Other 3,210 2,926 2,509
Total non-interest expense 31,492 30,997 28,955
Income before income taxes 19,586 20,453 14,645
Provision for income taxes 3,665 3,961 2,562
Net income $ 15,921 $ 16,492 $ 12,083
Earnings per share - basic $ 4.47 $ 4.64 $ 3.42
Earnings per share - diluted 4.47 4.64 3.42
Cash dividends per share $ 1.44 $ 1.40 $ 1.36