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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Interest and Dividend Income:    
Loans, including fees $ 97,228,000 $ 68,051,000
Taxable securities 14,283,000 12,096,000
Tax exempt securities 1,035,000 1,068,000
Interest-earning deposits 528,000 260,000
Total interest and dividend income 113,074,000 81,475,000
Interest Expense:    
Deposits 35,926,000 6,655,000
Borrowed funds 2,691,000 641,000
Total interest expense 38,617,000 7,296,000
Net interest income 74,457,000 74,179,000
Provision (credit) for credit losses [1] 3,262,000 (554,000)
Net interest income after provision for credit losses 71,195,000 74,733,000
Non-Interest Income:    
Net (losses) on securities transactions (39,000) 0
Change in fair value of equity investments 103,000 (349,000)
Net gain on sales of loans held for sale 144,000 107,000
Net gains (losses) on sales of other real estate owned 37,000 60,000
Income from bank owned life insurance 43,000 46,000
Other 5,276,000 2,901,000
Total non-interest income 24,549,000 21,436,000
Non-Interest Expenses:    
Salaries and wages 26,832,000 25,054,000
Pension and other employee benefits 7,368,000 7,668,000
Other components of net periodic pension cost (benefit) (676,000) (1,648,000)
Net occupancy expenses 5,637,000 5,539,000
Furniture and equipment expenses 1,728,000 1,906,000
Data processing expense 9,840,000 8,919,000
Professional services 2,293,000 2,171,000
Amortization of intangible assets 0 15,000
Marketing and advertising expense 923,000 941,000
Other real estate owned expenses (20,000) (5,000)
FDIC insurance 2,128,000 1,356,000
Loan expense 1,047,000 1,001,000
Other 7,143,000 6,363,000
Total non-interest expenses 64,243,000 59,280,000
Income before income tax expense 31,501,000 36,889,000
Income tax expense 6,501,000 8,106,000
Net income $ 25,000,000 $ 28,783,000
Weighted average shares outstanding (in thousands)    
Weighted average shares outstanding, basic (in shares) 4,732 4,693
Weighted average shares outstanding, diluted (in shares) 4,732 4,693
Basic and diluted earnings per share    
Basic earnings per share (in dollars per share) $ 5.28 $ 6.13
Diluted earnings per share (in dollars per share) $ 5.28 $ 6.13
Wealth management group fee income    
Non-Interest Income:    
Revenues from contracts with customer $ 10,460,000 $ 10,280,000
Service charges on deposit accounts    
Non-Interest Income:    
Revenues from contracts with customer 3,919,000 3,788,000
Interchange revenue from debit card transactions    
Non-Interest Income:    
Revenues from contracts with customer $ 4,606,000 $ 4,603,000
[1] Effective January 1, 2023, the allowance calculation is based upon Current Expected Credit loss methodology. Prior to January 1, 2023, the allowance calculation was based upon incurred loss methodology. Refer to Note 1 for further discussion.