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Consolidated Statements Of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
INTEREST INCOME      
Loans $ 87,448 $ 70,562 $ 72,955
Interest-bearing deposits at banks 403 596 187
Securities:      
Taxable 8,755 8,037 4,224
Non-taxable 244 287 214
Total interest income 96,850 79,482 77,580
INTEREST EXPENSE      
Deposits 26,478 3,589 2,864
Other borrowings 6,978 1,147 315
Subordinated debt 2,186 1,791 1,616
Total interest expense 35,642 6,527 4,795
NET INTEREST INCOME 61,208 72,955 72,785
PROVISION (CREDIT) FOR LOAN LOSSES 18 2,739 (1,513)
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 61,190 70,216 74,298
NON-INTEREST INCOME      
Deposit service charges 2,593 2,861 2,531
Insurance service and fees 10,261 10,453 10,457
Gain on loans sold 179 95 11
Bank-owned life insurance 932 707 853
Loss on tax credit investment     (30)
Refundable state historic tax credit     21
Loss on sale of securities (5,044)    
Interchange fee income 2,047 2,071 2,116
Gain on sale of insurance agency 20,160    
Other 1,794 3,084 2,888
Total non-interest income 32,922 19,271 18,847
NON-INTEREST EXPENSE      
Salaries and employee benefits 37,047 38,854 38,612
Occupancy 4,506 4,619 4,698
Advertising and public relations 1,207 1,159 1,427
Professional services 3,563 3,425 3,587
Technology and communications 5,959 5,187 5,376
Amortization of intangibles 367 400 537
FDIC insurance 1,400 1,025 1,133
Other 5,333 5,266 5,849
Total non-interest expense 59,382 59,935 61,219
INCOME BEFORE INCOME TAXES 34,730 29,552 31,926
INCOME TAX PROVISION 10,206 7,163 7,883
NET INCOME $ 24,524 $ 22,389 $ 24,043
Net income per common share-basic $ 4.49 $ 4.07 $ 4.41
Net income per common share-diluted $ 4.48 $ 4.04 $ 4.37
Weighted average number of common shares outstanding 5,456,250 5,495,044 5,447,057
Weighted average number of diluted shares outstanding 5,471,033 5,536,375 5,501,511