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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2023
Dec. 31, 2022
Mar. 31, 2022
Interest income      
Interest and fees on loans $ 24,258 $ 23,500 $ 23,677
Interest on investment securities 10,033 10,126 6,693
Interest on federal funds sold and due from banks 56 575 106
Total interest income 34,347 34,201 30,476
Interest expense      
Interest on interest-bearing transaction accounts 254 191 56
Interest on savings accounts 170 32 29
Interest on money market accounts 1,085 405 478
Interest on time accounts 223 114 14
Interest on borrowings and other obligations 2,716 89 1
Total interest expense 4,448 831 578
Net interest income 29,899 33,370 29,898
Provision for (reversal of) credit losses on loans 350 0 (485)
Reversal of credit losses on unfunded loan commitments (174) 0 (318)
Net interest income after provision for (reversal of) credit losses 29,723 33,370 30,701
Non-interest income      
Earnings on bank-owned life insurance, net 705 296 413
Dividends on Federal Home Loan Bank stock 302 297 259
Other income 304 353 462
Total non-interest income 2,935 2,587 2,867
Non-interest expense      
Salaries and related benefits 10,930 9,600 11,548
Occupancy and equipment 2,414 2,084 1,907
Professional services 1,123 985 913
Data processing 1,045 1,080 1,277
Depreciation and amortization 882 581 452
Information technology 370 678 478
Amortization of core deposit intangible 345 365 380
Directors' expense 321 269 311
Federal Deposit Insurance Corporation insurance 289 293 290
Charitable contributions 49 104 45
Other real estate owned 4 4 2
Other expense 2,008 2,267 1,772
Total non-interest expense 19,780 18,310 19,375
Income before provision for income taxes 12,878 17,647 14,193
Provision for income taxes 3,438 4,766 3,728
Net income $ 9,440 $ 12,881 $ 10,465
Net income per common share:      
Basic (in dollars per share) $ 0.59 $ 0.81 $ 0.66
Diluted (in dollars per share) $ 0.59 $ 0.81 $ 0.66
Weighted average shares:      
Basic (in shares) 15,970 15,948 15,876
Diluted (in shares) 15,999 16,001 15,946
Comprehensive income (loss):      
Net income $ 9,440 $ 12,881 $ 10,465
Other comprehensive income (loss):      
Change in net unrealized gains or losses on available-for-sale securities 16,213 8,474 (38,228)
Net unrealized losses on securities transferred from available-for-sale to held-to-maturity 0 0 (14,847)
Amortization of net unrealized losses on securities transferred from available-for-sale to held-to-maturity 463 454 144
Other comprehensive income (loss), before tax 16,676 8,928 (52,931)
Deferred tax expense (benefit) 4,930 2,639 (15,648)
Other comprehensive income (loss), net of tax 11,746 6,289 (37,283)
Total comprehensive income (loss) 21,186 19,170 (26,818)
Service charges on deposit accounts      
Non-interest income      
Wealth management and trust services, debit card interchange fees net, service charges on deposit accounts and merchant interchange fees net 533 519 488
Wealth Management and Trust Services      
Non-interest income      
Wealth management and trust services, debit card interchange fees net, service charges on deposit accounts and merchant interchange fees net 511 490 600
Debit card interchange fees, net      
Non-interest income      
Wealth management and trust services, debit card interchange fees net, service charges on deposit accounts and merchant interchange fees net 447 513 505
Merchant interchange fees, net      
Non-interest income      
Wealth management and trust services, debit card interchange fees net, service charges on deposit accounts and merchant interchange fees net $ 133 $ 119 $ 140