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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Interest income    
Interest and fees on loans $ 69,569 $ 54,448
Interest on investment securities: Taxable 7,173 6,252
Interest on investment securities: Exempt from federal income tax 714 1,106
Total investment income 7,887 7,358
Other 3,700 616
Total interest income 81,156 62,422
Interest expense    
Interest on deposits 19,198 3,226
Interest on short-term borrowings 147 112
Interest on long-term borrowings 4,941 1,451
Total interest expense 24,286 4,789
Net interest income 56,870 57,633
Credit loss (credit)/expense 1,700 (643)
Credit loss expense - debt securities held to maturity 45  
Credit loss (credit)/expense- unfunded commitments (125) 16
Total credit loss expense/(credit) 1,620 (627)
Net interest income after provision for credit losses 55,250 58,260
Other operating income    
Net (losses)/gains on investments, available for sale (4,214) 3
Net gains on investments, held to maturity   91
Net gains on sales of residential mortgage loans 381 45
Net (losses)/gains on disposal of fixed assets (29) 33
Net (losses)/gains (3,862) 172
Total other income 18,331 17,878
Total other operating income 14,469 18,050
Other operating expenses    
Salaries and employee benefits 27,503 24,130
FDIC premiums 992 636
Equipment expense 4,356 4,163
Occupancy expense of premises 3,445 2,906
Data processing expense 3,980 3,444
Marketing expense 762 543
Professional services 2,160 1,538
Contract labor 643 618
Telephone 466 482
Total OREO (income)/expense, net (89) 590
Investor relations 345 300
Contributions 229 288
Other 5,451 3,491
Total other operating expenses 50,243 43,129
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total 19,476 33,181
Provision for income tax expense 4,416 8,133
Net Income $ 15,060 $ 25,048
Basic net income per share $ 2.25 $ 3.77
Diluted net income per share $ 2.25 $ 3.76
Weighted average number of basic shares outstanding 6,686 6,650
Weighted average number of diluted shares outstanding 6,701 6,661
Dividends declared per common share $ 0.80 $ 0.63
Service Charges on Deposit Accounts [Member]    
Other operating income    
Total other income $ 2,198 $ 1,981
Other Service Charges [Member]    
Other operating income    
Total other income 929 925
Trust Department [Member]    
Other operating income    
Total other income 8,282 8,244
Debit Card Income [Member]    
Other operating income    
Total other income 4,101 3,958
Bank Owned Life Insurance [Member]    
Other operating income    
Total other income 1,261 1,196
Brokerage Commissions [Member]    
Other operating income    
Total other income 1,160 1,049
Other [Member]    
Other operating income    
Total other income $ 400 $ 525