XML 18 R7.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest income      
Loans, including fees $ 65,670 $ 53,283 $ 51,410
AFS securities      
Taxable 9,514 8,363 4,920
Nontaxable 2,642 2,808 3,077
Federal funds sold and other 1,805 1,344 706
Total interest income 79,631 65,798 60,113
Interest expense      
Deposits 18,352 4,021 5,442
Interest Expense, Federal Funds Purchased and Securities Sold under Agreements to Repurchase 961 79 53
Interest Expense, Federal Home Loan Bank and Federal Reserve Bank Advances, Long-term 1,309 152 1,302
Interest Expense, Subordinated Notes and Debentures 1,065 1,065 615
Total interest expense 21,687 5,317 7,412
Net interest income 57,944 60,481 52,701
Provision for loan losses 629 483 (518)
Net interest income after provision for loan losses 57,315 59,998 53,219
Noninterest income      
Service charges and fees 8,297 8,730 7,614
Net gain on sale of mortgage loans 317 631 1,694
Noninterest Income Investment and Trust Advisory Fees 3,557 3,005 3,071
Earnings on corporate owned life insurance policies 920 884 800
Other 736 416 643
Total noninterest income 13,827 13,666 13,822
Noninterest expenses      
Compensation and benefits 25,905 24,887 23,749
Furniture and equipment 6,519 6,006 5,462
Occupancy 3,778 3,691 3,661
Other 13,108 12,236 10,822
Total noninterest expenses 49,310 46,820 43,694
Income before federal income tax expense 21,832 26,844 23,347
Federal income tax expense 3,665 4,606 3,848
NET INCOME $ 18,167 $ 22,238 $ 19,499
Earnings per share      
Basic (in dollars per share) $ 2.42 $ 2.95 $ 2.48
Diluted (in dollars per share) 2.40 2.91 2.45
Cash dividends per basic share (in dollars per share) $ 1.12 $ 1.09 $ 1.08