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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Interest income    
Interest and fees on loans $ 54,448 $ 52,952
Interest on investment securities: Taxable 6,252 3,912
Interest on investment securities: Exempt from federal income tax 1,106 1,077
Total investment income 7,358 4,989
Other 616 315
Total interest income 62,422 58,256
Interest expense    
Interest on deposits 3,226 3,473
Interest on short-term borrowings 112 86
Interest on long-term borrowings 1,451 2,155
Total interest expense 4,789 5,714
Net interest income 57,633 52,542
Credit for loan losses (643) (817)
Net interest income after provision for loan losses 58,276 53,359
Other operating income    
Net gains 172 1,230
Total other income 17,878 19,519
Total other operating income 18,050 20,749
Other operating expenses    
Salaries and employee benefits 24,130 22,061
FDIC premiums 636 772
Equipment 4,163 3,898
Occupancy 2,906 2,775
Data processing 3,444 3,204
Marketing 543 535
Professional services 1,538 3,528
Contract labor 618 638
Line rentals 482 737
Total OREO expense/(income), net 590 (945)
Investor relations 300 676
Settlement expense   3,300
FHLB prepayment expense   2,368
Contributions 288 1,220
Other 3,507 3,032
Total other operating expenses 43,145 47,799
Income before income tax expense 33,181 26,309
Provision for income tax expense 8,133 6,539
Net Income $ 25,048 $ 19,770
Basic net income per share $ 3.77 $ 2.95
Diluted net income per share $ 3.76 $ 2.95
Weighted average number of basic shares outstanding 6,650 6,710
Weighted average number of diluted shares outstanding 6,661 6,717
Dividends declared per common share $ 0.63 $ 0.60
Service Charges on Deposit Accounts [Member]    
Other operating income    
Total other income $ 1,981 $ 1,771
Other Service Charges [Member]    
Other operating income    
Total other income 925 909
Trust Department [Member]    
Other operating income    
Total other income 8,244 8,650
Debit Card Income [Member]    
Other operating income    
Total other income 3,958 3,644
Bank Owned Life Insurance [Member]    
Other operating income    
Total other income 1,196 1,176
Brokerage Commissions [Member]    
Other operating income    
Total other income 1,049 1,082
Insurance Reimbursement [Member]    
Other operating income    
Total other income   1,375
Other [Member]    
Other operating income    
Total other income $ 525 $ 912