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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
INTEREST AND DIVIDEND INCOME      
Interest and fees on loans $ 93,439 $ 75,827 $ 67,923
Interest on securities 14,291 13,735 8,660
Interest on federal funds sold 886 1,091 88
Interest on deposits in other banks 9,797 3,682 658
Dividends on stock 155 40 10
Total Interest and Dividend Income 118,568 94,375 77,339
INTEREST EXPENSE      
Interest on deposits 32,066 7,736 5,617
Interest on other borrowed funds 64 0 0
Total Interest Expense 32,130 7,736 5,617
Net Interest Income 86,438 86,639 71,722
Provision for credit losses 735 1,750 1,900
Net Interest Income After Provision for Credit Losses 85,703 84,889 69,822
NONINTEREST INCOME      
Service charges on deposit accounts 5,776 5,565 4,775
Debit card income, net 3,563 3,897 4,415
Mortgage loan income 1,965 3,096 8,676
Brokerage income 3,798 3,549 3,297
Loan and deposit income 2,140 1,723 1,738
Bank-owned life insurance income 754 713 648
Gain (Loss) on equity securities (14) (468) (175)
Gain (Loss) on sale and call of securities 0 (59) 194
SBIC income 2,873 563 654
Other income (loss) 259 168 271
Total Noninterest Income 21,114 18,747 24,493
OPERATING EXPENSES      
Personnel expenses 37,241 34,560 32,449
Occupancy and equipment expenses 6,581 6,109 5,443
Technology expenses 2,759 2,763 2,810
Advertising 1,302 1,134 921
Other business development expenses 1,987 1,645 1,169
Data processing expense 2,320 2,093 1,982
Other taxes 2,721 2,714 2,082
Loan and deposit expenses 984 659 1,016
Legal and professional expenses 2,378 1,997 1,683
Regulatory assessment expenses 1,645 1,058 933
Other operating expenses 3,955 3,923 3,767
Total Operating Expenses 63,873 58,655 54,255
Income Before Income Tax Expense 42,944 44,981 40,060
Income tax expense 8,065 8,065 7,108
Net Income $ 34,879 $ 36,916 $ 32,952
EARNINGS PER SHARE      
Basic (in dollars per share) $ 4.87 $ 5.14 $ 4.53
Diluted (in dollars per share) $ 4.86 $ 5.13 $ 4.51