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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
INTEREST INCOME      
Interest and fees on loans $ 62,888 $ 59,248 $ 58,129
Interest and fees on loans held for sale 90 102 120
Interest on investment securities:      
Taxable 3,150 2,798 3,037
Nontaxable 2,439 1,660 688
Federal funds sold 6 8 161
Other interest-bearing deposits, and certificates of deposit in other banks 414 337 507
Dividends on other investments 269 301 343
Total interest income 69,256 64,454 62,985
Interest on deposits:      
Savings, interest checking and money market 5,009 1,113 1,858
Time deposit accounts $250,000 and over 1,059 575 1,351
Time deposits 1,034 1,446 2,641
Total interest expense on deposits 7,102 3,134 5,850
Interest on federal funds purchased and securities sold under agreements to repurchase 51 87 146
Interest on Federal Home Loan Bank advances 1,268 1,461 2,199
Interest on subordinated notes 2,072 1,227 1,527
Total interest expense on borrowings 3,391 2,775 3,872
Total interest expense 10,493 5,909 9,722
Net interest income 58,763 58,545 53,263
(Release of) provision for loan losses (900) (1,700) 5,800
Net interest income after (release of) provision for loan losses 59,663 60,245 47,463
NON-INTEREST INCOME      
Gain on sale of mortgage loans, net 2,661 7,165 7,109
Other 2,044 666 572
Total non-interest income 13,978 16,786 14,973
Investment securities (losses) gains, net (14) 149 61
NON-INTEREST EXPENSE      
Salaries and employee benefits 27,058 27,657 26,151
Occupancy expense, net 3,175 3,075 3,069
Furniture and equipment expense 3,054 3,067 3,043
Processing, network, and bank card expense 4,788 4,751 3,864
Legal, examination, and professional fees 1,630 3,024 1,458
Advertising and promotion 1,494 1,227 1,095
Postage, printing, and supplies 878 838 897
Loan expense 576 823 1,137
Other 5,885 4,504 4,307
Total non-interest expense 48,538 48,966 45,021
Income before income taxes 25,089 28,214 17,476
Income tax expense 4,338 5,697 3,183
Net income $ 20,751 $ 22,517 $ 14,293
Basic earnings per share (in dollars per share) $ 3.06 $ 3.27 $ 2.04
Diluted earnings per share (in dollars per share) $ 3.06 $ 3.27 $ 2.04
Service charges and other fees      
NON-INTEREST INCOME      
Income from fees $ 3,002 $ 3,094 $ 2,955
Bank card income and fees      
NON-INTEREST INCOME      
Income from fees 4,083 3,957 3,201
Trust department income      
NON-INTEREST INCOME      
Income from fees 1,184 1,324 1,185
Real estate servicing fees, net      
NON-INTEREST INCOME      
Income from fees $ 1,004 $ 580 $ (49)