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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest and dividend income    
Loans $ 39,470 $ 34,560
Securities and other 6,353 5,791
Total interest and dividend income 45,823 40,351
Interest expense    
Deposits 14,532 5,265
Borrowings 3,236 4,180
Total interest expense 17,768 9,445
Net interest income 28,055 30,906
Provision for credit losses 289 798
Net interest income after provision for credit losses 27,766 30,108
Non-interest income    
Trust and investment management fee income 3,670 3,555
Customer service fees 3,710 3,677
Gain on sales of securities, net   34
Mortgage banking income 257 279
Bank-owned life insurance income 561 1,148
Customer derivative income   132
Other income 388 359
Total non-interest income 8,586 9,184
Non-interest expense    
Salaries and employee benefits 13,248 12,771
Occupancy and equipment 4,473 4,414
Gain on sales of premises and equipment, net (15) (13)
Outside services 338 356
Professional services 400 426
Communication 189 162
Marketing 567 409
Amortization of intangible assets 233 233
Acquisition, conversion and other expenses 20 20
Provision for unfunded commitments (185) (175)
Other expenses 4,420 4,101
Total non-interest expense 23,688 22,704
Income before income taxes 12,664 16,588
Income tax expense 2,569 3,576
Net income $ 10,095 $ 13,012
Earnings per share:    
Basic (in dollars per share) $ 0.66 $ 0.86
Diluted (in dollars per share) $ 0.66 $ 0.86
Weighted average common shares outstanding:    
Basic (in shares) 15,198,337 15,109,847
Diluted (in shares) 15,269,833 15,190,089