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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands
 3 Months Ended
Mar. 31, 2024
Dec. 31, 2023
Mar. 31, 2023
Interest income      
Interest and fees on loans $ 25,020,000 $ 24,964,000 $ 24,258,000
Interest on investment securities 8,805,000 9,289,000 10,033,000
Interest on federal funds sold and due from banks 321,000 1,170,000 56,000
Total interest income 34,146,000 35,423,000 34,347,000
Interest expense      
Interest on interest-bearing transaction accounts 261,000 278,000 254,000
Interest on savings accounts 371,000 322,000 170,000
Interest on money market accounts 8,449,000 7,188,000 1,085,000
Interest on time accounts 2,280,000 1,991,000 223,000
Interest on borrowings and other obligations 91,000 1,380,000 2,716,000
Total interest expense 11,452,000 11,159,000 4,448,000
Net interest income 22,694,000 24,264,000 29,899,000
Provision for credit losses on loans 350,000 1,300,000 350,000
Reversal of credit losses on unfunded loan commitments 0 0 (174,000)
Net interest income after provision for (reversal of) credit losses 22,344,000 22,964,000 29,723,000
Non-interest income      
Earnings on bank-owned life insurance, net 435,000 364,000 705,000
Dividends on Federal Home Loan Bank stock 377,000 349,000 302,000
Losses on sale of investment securities, net of gains 0 (5,907,000) 0
Other income 285,000 337,000 304,000
Total non-interest income 2,754,000 (3,283,000) 2,935,000
Non-interest expense      
Salaries and related benefits 12,084,000 10,361,000 10,930,000
Occupancy and equipment 1,969,000 1,939,000 2,414,000
Professional services 1,078,000 921,000 1,123,000
Data processing 1,070,000 1,081,000 1,045,000
Deposit network fees 845,000 940,000 96,000
Federal Deposit Insurance Corporation insurance 435,000 454,000 289,000
Information technology 402,000 431,000 370,000
Depreciation and amortization 388,000 393,000 882,000
Directors' expense 317,000 319,000 321,000
Amortization of core deposit intangible 251,000 330,000 345,000
Other real estate owned 0 0 4,000
Other expense 2,330,000 2,120,000 1,961,000
Total non-interest expense 21,169,000 19,289,000 19,780,000
Income before provision for income taxes 3,929,000 392,000 12,878,000
Provision for income taxes 1,007,000 (218,000) 3,438,000
Net income $ 2,922,000 $ 610,000 $ 9,440,000
Net income per common share:      
Basic (in dollars per share) $ 0.18 $ 0.04 $ 0.59
Diluted (in dollars per share) $ 0.18 $ 0.04 $ 0.59
Weighted average shares:      
Basic (in shares) 16,081 16,040 15,970
Diluted (in shares) 16,092 16,052 15,999
Comprehensive income:      
Net income $ 2,922,000 $ 610,000 $ 9,440,000
Other comprehensive (loss) income:      
Change in net unrealized gains or losses on available-for-sale securities (4,568,000) 28,865,000 16,213,000
Reclassification adjustment for realized losses on available-for-sale securities in net income 0 5,907,000 0
Reclassification adjustment for gains or losses on fair value hedges 1,217,000 (1,726,000) 0
Amortization of net unrealized losses on securities transferred from available-for-sale to held-to-maturity 361,000 418,000 463,000
Other comprehensive (loss) income, before tax (2,990,000) 33,464,000 16,676,000
Deferred tax (benefit) expense (884,000) 9,890,000 4,930,000
Other comprehensive (loss) income, net of tax (2,106,000) 23,574,000 11,746,000
Total comprehensive income 816,000 24,184,000 21,186,000
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 553,000 560,000 511,000
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 529,000 522,000 533,000
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 408,000 373,000 447,000
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 $ 167,000 $ 119,000 $ 133,000