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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest income    
Loans $ 28,744 $ 21,369
Investment securities - taxable 4,370 1,598
Investment securities - tax-exempt 865 722
Short-term investments 298 101
Total interest income 34,277 23,790
Interest expense    
Deposits 6,202 685
Securities sold under agreements to repurchase and federal funds purchased 25 7
FHLB advances and other borrowings 1,252 22
Subordinated notes 504 503
Total interest expense 7,983 1,217
Net interest income 26,294 22,573
Provision for credit losses 729 300
Net interest income after provision for credit losses 25,565 22,273
Noninterest income    
Service charges on deposit accounts 962 920
Interchange income 965 981
Other service charges, commissions and fees 195 153
Swap fee income 0 953
Trust and investment management income 1,888 1,941
Brokerage income 859 928
Mortgage banking activities 478 721
Income from life insurance 590 566
Investment securities losses (8) (146)
Other income 149 457
Total noninterest income 6,078 7,474
Noninterest expenses    
Salaries and employee benefits 12,196 11,337
Occupancy 1,106 1,288
Furniture and equipment 1,227 1,279
Data processing 1,217 1,053
Automated teller and interchange fees 298 305
Advertising and bank promotions 405 355
FDIC insurance 504 283
Professional services 734 808
Directors' compensation 247 231
Taxes other than income 457 564
Intangible asset amortization 250 292
Other operating expenses 1,614 1,569
Total noninterest expenses 20,255 19,364
Income before income tax expense 11,388 10,383
Income tax expense 2,232 2,015
Net income $ 9,156 $ 8,368
Per share information:    
Basic earnings per share (in usd per share) $ 0.88 $ 0.77
Diluted earnings per share (in usd per share) 0.87 0.76
Dividends paid per share (in usd per share) $ 0.20 $ 0.19