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Interim Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest income    
Loans, including fees $ 14,889 $ 12,378
AFS securities    
Taxable 2,502 1,615
Nontaxable 718 660
Federal funds sold and other 486 109
Total interest income 18,595 14,762
Interest expense    
Deposits 2,829 936
Interest Expense, Federal Funds Purchased and Securities Sold under Agreements to Repurchase 149 9
Interest Expense Federal Home Loan Bank Advances 0 72
Interest Expense, Subordinated Notes and Debentures 266 266
Total interest expense 3,244 1,283
Net interest income 15,351 13,479
Provision for loan losses 41 37
Net interest income after provision for loan losses 15,310 13,442
Noninterest income    
Noninterest Income, Service Charges and Fees 1,978 2,209
Noninterest Income Investment and Trust Advisory Fees 786 754
Earnings on corporate owned life insurance policies 226 210
Net gain on sale of mortgage loans 67 224
Other 236 150
Total noninterest income 3,293 3,547
Noninterest expenses    
Compensation and benefits 6,589 6,074
Furniture and equipment 1,597 1,450
Occupancy 1,005 966
Other 3,007 2,830
Total noninterest expenses 12,198 11,320
Income before federal income tax expense 6,405 5,669
Federal Income Tax Expense (Benefit), Continuing Operations 1,084 935
NET INCOME $ 5,321 $ 4,734
Earnings per share    
Basic (in dollars per share) $ 0.70 $ 0.63
Diluted (in dollars per share) 0.70 0.62
Cash dividends per basic share (in dollars per share) $ 0.28 $ 0.27