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Quarterly Information
 12 Months Ended
Dec. 31, 2023
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Information Quarterly Information
The following tables provide unaudited financial information by quarter for each of the past two years:
Dollars in thousands except per share data2022Q12022Q22022Q32022Q42023Q12023Q22023Q32023Q4
Balance Sheets
Cash and cash equivalents$22,051 $23,453 $27,408 $22,728 $27,458 $25,077 $29,894 $31,942 
Interest-bearing deposits in other banks18,427 22,871 65,786 3,693 2,773 3,978 38,366 3,488 
Investments690,198 681,430 665,174 678,405 680,087 668,342 672,346 667,288 
Restricted equity securities5,402 4,720 4,514 3,883 3,874 5,227 3,860 3,385 
Net loans and loans held for sale1,691,982 1,772,843 1,841,588 1,898,226 1,959,389 2,037,488 2,056,806 2,105,424 
Other assets120,547 125,037 130,595 132,243 138,239 134,703 142,867 135,171 
Total assets$2,548,607 $2,630,354 $2,735,065 $2,739,178 $2,811,820 $2,874,815 $2,944,139 $2,946,698 
Deposits$2,158,539 $2,252,022 $2,369,949 $2,378,877 $2,466,701 $2,499,862 $2,599,937 $2,599,662 
Borrowed funds133,712 126,588 118,343 103,483 83,881 114,481 82,993 69,652 
Other liabilities22,710 24,059 26,856 27,895 32,777 28,469 34,544 34,305 
Shareholders' equity233,646 227,685 219,917 228,923 228,461 232,003 226,665 243,079 
Total liabilities & equity$2,548,607 $2,630,354 $2,735,065 $2,739,178 $2,811,820 $2,874,815 $2,944,139 $2,946,698 
Income and Comprehensive Income Statements
Interest income$20,533 $21,431 $23,991 $27,080 $28,914 $31,184 $33,254 $34,822 
Interest expense1,913 2,733 4,627 7,596 11,439 15,259 17,300 18,969 
Net interest income18,620 18,698 19,364 19,484 17,475 15,925 15,954 15,853 
Provision (reduction) for credit losses 450 450 400 450 550 151 (200)683 
Net interest income after provision for credit losses18,170 18,248 18,964 19,034 16,925 15,774 16,154 15,170 
Non-interest income4,232 4,080 4,715 3,847 3,569 3,870 3,891 4,107 
Non-interest expense10,650 10,172 11,371 11,711 10,850 10,715 11,006 11,187 
Income before taxes11,752 12,156 12,308 11,170 9,644 8,929 9,039 8,090 
Income taxes2,047 2,159 2,217 1,973 1,673 1,535 1,565 1,411 
Net income$9,705 $9,997 $10,091 $9,197 $7,971 $7,394 $7,474 $6,679 
Basic earnings per share$0.89 $0.91 $0.92 $0.84 $0.73 $0.67 $0.68 $0.60 
Diluted earnings per share$0.88 $0.91 $0.91 $0.83 $0.72 $0.67 $0.67 $0.60 
Other comprehensive income (loss), net of tax
Net unrealized gain (loss) on securities available for sale$(18,343)$(12,734)$(14,866)$2,943 $4,181 $(3,244)$(10,071)$14,277 
Net unrealized gain on securities transferred from available for sale to held to maturity9 5 6 3 4 1 1 2 
Net unrealized gain (loss) on cash flow hedging derivative instruments— 146 354 44 (2,736)2,872 730 (1,110)
Unrecognized gain on postretirement benefit costs— — — 168 — — — 30 
Other comprehensive income (loss)$(18,334)$(12,583)$(14,506)$3,158 $1,449 $(371)$(9,340)$13,199 
Comprehensive income (loss)$(8,629)$(2,586)$(4,415)$12,355 $9,420 $7,023 $(1,866)$19,878