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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Interest and fees on loans $ 34,253 $ 34,923
Interest on interest-bearing deposits 1,353 170
Interest and dividends on securities – taxable 12,788 7,960
Interest on securities – nontaxable 1,715 1,934
Total interest income 50,109 44,987
Interest Expense    
Interest on deposits 3,083 3,098
Net interest income 47,026 41,889
Provision for (recovery of) loan losses 706 (398)
Net interest income after provision for (recovery of) loan losses 46,320 42,287
Noninterest Income:    
Noninterest Income 6,994 6,653
BOLI income 958 910
Gain on sale of mortgage loans 157 364
Gain on sale of private equity investment 3,823 0
Other income 1,091 1,261
Realized securities gains, net 0 6
Total noninterest income 12,401 8,426
Noninterest Expense    
Salaries and employee benefits 16,519 15,747
Occupancy, furniture and fixtures 1,934 1,842
Data processing and ATM 3,186 3,039
FDIC assessment 477 422
Net costs of other real estate owned 325 51
Franchise taxes 1,483 1,425
Other operating expenses 3,034 3,554
Total noninterest expense 26,958 26,080
Income before income taxes 31,763 24,633
Income tax expense 5,831 4,251
Net income $ 25,932 $ 20,382
Basic and fully diluted net income per common share (in dollars per share) $ 4.33 $ 3.28
Deposit Account [Member]    
Noninterest Income:    
Noninterest Income $ 2,425 $ 2,045
Product and Service, Other [Member]    
Noninterest Income:    
Noninterest Income 214 179
Credit and Debit Card [Member]    
Noninterest Income:    
Noninterest Income 1,916 1,869
Fiduciary and Trust [Member]    
Noninterest Income:    
Noninterest Income $ 1,817 $ 1,792