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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest income:      
Interest and fees on loans $ 69,803 $ 55,907 $ 54,077
Interest on deposits in other banks 3,576 391 129
Interest and dividends on investment securities:      
Taxable 23,437 20,011 14,044
Exempt from Federal income taxes 5,602 6,679 5,606
Total interest income 102,418 82,988 73,856
Interest expense:      
Interest on deposits 15,527 1,197 1,036
Interest on short-term borrowings 810 254 0
Total interest expense 19,989 3,422 1,302
Net interest income before provision (credit) for credit losses 82,429 79,566 72,554
Provision for Other Credit Losses 309 995 (4,435)
Provision (credit) for credit losses 478 479 516
Non-interest Expense, Personnel Other 404 323 374
Net interest income after provision (credit) for credit losses 82,120 78,571 76,989
Non-interest income:      
Service charges 1,503 2,014 1,901
Appreciation in cash surrender value of bank owned life insurance 1,035 985 840
Interchange fees 1,780 1,847 1,784
Loan placement fees 584 899 1,974
Net realized (losses) gains on sales and calls of investment securities (907) (1,730) 501
Federal Home Loan Bank dividends 498 367 321
Gain (Loss) on Disposition of Other Assets 402 15 8
Other income 2,125 657 1,676
Total non-interest income 7,020 5,054 9,005
Non-interest expenses:      
Salaries and employee benefits 31,367 28,917 28,720
Occupancy and equipment 5,726 5,131 4,882
Regulatory assessments 1,312 851 831
Data processing expense 2,621 2,245 2,394
Professional services 3,425 1,519 1,665
ATM/Debit card expenses 757 809 818
Information technology 3,616 3,344 2,868
Directors’ expenses 614 282 422
Advertising 542 557 527
Amortization of core deposit intangibles 68 454 661
Other expense 4,370 3,573 3,299
Total non-interest expenses 55,300 48,484 47,977
Income before provision for income taxes 33,840 35,141 38,017
Provision for income taxes 8,304 8,496 9,616
Net income $ 25,536 $ 26,645 $ 28,401
Net income per common share:      
Basic earnings per common share (in dollars per share) $ 2.17 $ 2.27 $ 2.32
Diluted earnings per common share (in dollars per share) 2.17 2.27 2.31
Cash dividends per common share (in dollars per share) $ 0.48 $ 0.48 $ 0.47
Interest on senior debt and subordinated debentures $ 3,652 $ 1,971 $ 266