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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest income      
Loans, including fees $ 53,283 $ 51,410 $ 54,102
AFS securities      
Taxable 8,363 4,920 5,214
Nontaxable 2,808 3,077 3,830
Federal funds sold and other 1,344 706 1,026
Total interest income 65,798 60,113 64,172
Interest expense      
Deposits 4,021 5,442 8,884
Interest Expense, Federal Funds Purchased and Securities Sold under Agreements to Repurchase 79 53 36
Interest Expense, Federal Home Loan Bank and Federal Reserve Bank Advances, Long-term 152 1,302 4,905
Interest Expense, Subordinated Notes and Debentures 1,065 615 0
Total interest expense 5,317 7,412 13,825
Net interest income 60,481 52,701 50,347
Provision for loan losses 483 (518) 1,665
Net interest income after provision for loan losses 59,998 53,219 48,682
Noninterest income      
Service charges and fees 8,730 7,614 6,544
Net gain on sale of mortgage loans 631 1,694 2,716
Noninterest Income Investment and Trust Advisory Fees 3,005 3,071 2,578
Earnings on corporate owned life insurance policies 884 800 755
Bank Owned Life Insurance Income, From Policy Redemption 57 271 891
Noncontrolling Interest in Net Income (Loss) Joint Venture Partners 0 0 577
Other 359 372 362
Total noninterest income 13,666 13,822 14,423
Noninterest expenses      
Compensation and benefits 24,887 23,749 23,772
Loss on extinguishment of debt 0 0 7,643
Furniture and equipment 6,006 5,462 5,787
Occupancy 3,691 3,661 3,557
Other 12,236 10,822 10,474
Total noninterest expenses 46,820 43,694 51,233
Income before federal income tax expense 26,844 23,347 11,872
Federal income tax expense 4,606 3,848 987
NET INCOME $ 22,238 $ 19,499 $ 10,885
Earnings per share      
Basic (in dollars per share) $ 2.95 $ 2.48 $ 1.37
Diluted (in dollars per share) 2.91 2.45 1.34
Cash dividends per basic share (in dollars per share) $ 1.09 $ 1.08 $ 1.08