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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
INTEREST INCOME:    
Interest and fees on loans $ 16,777 $ 12,161
Interest on deposits in other banks 75 57
Interest and dividends on investment securities:    
Taxable 5,886 4,524
Exempt from Federal income taxes 1,405 1,440
Total interest income 24,143 18,182
INTEREST EXPENSE:    
Interest on deposits 1,004 252
Interest on short-term borrowings 897 333
Total interest expense 2,562 585
Net interest income before provision for credit losses 21,581 17,597
PROVISION FOR CREDIT LOSSES 633 0
Net interest income after provision for credit losses 20,948 17,597
NON-INTEREST INCOME:    
Service charges 387 539
Appreciation in cash surrender value of bank-owned life insurance 249 242
Interchange fees 446 442
Net realized (losses) gains on sales and calls of investment securities (219) 206
Federal Home Loan Bank dividends 109 85
Loan placement fees 124 299
Other income 479 21
Total non-interest income 1,575 1,834
NON-INTEREST EXPENSES:    
Salaries and employee benefits 8,034 6,944
Occupancy and equipment 1,258 1,162
Professional services 353 374
Data processing 650 541
Regulatory assessments 210 222
ATM/Debit card expenses 184 195
Information technology 847 758
Directors’ expenses 163 45
Advertising 125 140
Loan related expenses 147 71
Personnel other 259 103
Amortization of core deposit intangibles 34 140
Other 941 750
Total non-interest expenses 13,205 11,445
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 9,318 7,986
Provision for income taxes 2,348 1,900
Net income $ 6,970 $ 6,086
Earnings per common share:    
Basic earnings per common share (in dollars per share) $ 0.60 $ 0.51
Weighted average common shares used in basic computation (in shares) 11,703,813 11,829,245
Diluted earnings per common share (in dollars per share) $ 0.59 $ 0.51
Weighted average common shares used in diluted computation (in shares) 11,731,135 11,872,025
Cash dividends per common share (in dollars per share) $ 0.12 $ 0.12
Interest on senior debt and subordinated debentures $ 661 $ 0