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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest income    
Interest and fees on loans $ 15,444 $ 12,432
Interest on investment securities: Taxable 1,768 1,406
Interest on investment securities: Exempt from federal income tax 270 282
Total investment income 2,038 1,688
Other 347 27
Total interest income 17,829 14,147
Interest expense    
Savings 79 18
Interest-bearing transaction accounts 2,186 152
Other time 413 305
Total interest on Deposits 2,678 475
Interest Expense, Savings Deposits 79 18
Interest on deposits 2,678 475
Interest on short-term borrowings 31 18
Interest on long-term borrowings 602 313
Total interest expense 3,311 806
Net interest income 14,518 13,341
Credit loss expense/(credit) - loans 414 (419)
Credit loss expense/(credit) - off-balance sheet credit exposures 129 (2)
Credit loss expense/(credit) 543 (421)
Net interest income after provision for loan losses 13,975 13,762
Other operating income    
Net gains on investments, available for sale   3
Net gains on sale of residential mortgage loans 54 21
Net gains on disposal of fixed assets   28
Net gains 54 52
Total other income 4,339 4,382
Total other operating income 4,393 4,434
Other operating expenses    
Salaries and employee benefits 7,290 5,968
FDIC premiums 193 174
Equipment expense 1,092 1,044
Occupancy expense of premises 785 727
Data processing expense 969 821
Marketing expense 117 106
Professional services 518 520
Contract labor 139 165
Telephone 110 114
Losses/(gains) on sales and write downs of other real estate owned, net 124 95
Investor relations 57 96
Charitable contribution 64 21
Other 1,180 729
Total other operating expenses 12,638 10,580
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total 5,730 7,616
Provision for income tax expense 1,355 1,901
Net Income $ 4,375 $ 5,715
Basic net income per share $ 0.66 $ 0.86
Diluted net income per share $ 0.65 $ 0.86
Weighted average number of basic shares outstanding 6,675 6,628
Weighted average number of diluted shares outstanding 6,697 6,636
Dividends declared per common share $ 0.20 $ 0.15
Service Charges on Deposit Accounts [Member]    
Other operating income    
Total other income $ 516 $ 465
Other Service Charges [Member]    
Other operating income    
Total other income 232 213
Trust Department [Member]    
Other operating income    
Total other income 1,970 2,189
Debit Card Income [Member]    
Other operating income    
Total other income 955 886
Bank Owned Life Insurance [Member]    
Other operating income    
Total other income 305 292
Brokerage Commissions [Member]    
Other operating income    
Total other income 297 220
Other [Member]    
Other operating income    
Total other income $ 64 $ 117