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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
INTEREST INCOME    
Loans receivable, including fees $ 19,158 $ 15,375
Securities 2,505 1,894
Other 48 78
Total Interest Income 21,711 17,347
INTEREST EXPENSE    
Deposits 4,362 1,059
Short-term borrowings 779 48
Other borrowings 477 139
Total Interest Expense 5,618 1,246
NET INTEREST INCOME 16,093 16,101
PROVISION FOR CREDIT LOSS EXPENSE 300 300
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 15,793 15,801
OTHER INCOME    
Other income 1,677 3,144
Net realized gains on sales of securities 2  
Gain on sales of foreclosed real estate owned   427
Earnings and proceeds on bank owned life insurance 213 176
Other 172 1,063
Total Other Income 1,912 3,338
OTHER EXPENSES    
Salaries and employee benefits 5,969 5,431
Occupancy, furniture & equipment, net 1,262 1,307
Data processing and related operations 768 628
Taxes, other than income 161 294
Professional fees 285 575
Federal Deposit Insurance Corporation insurance 200 183
Foreclosed real estate 29 53
Amortization of intangibles 23 27
Other 1,739 1,659
Total Other Expenses 10,436 10,157
INCOME BEFORE INCOME TAXES 7,269 8,982
INCOME TAX EXPENSE 1,487 1,854
NET INCOME $ 5,782 $ 7,128
BASIC EARNINGS PER SHARE $ 0.71 $ 0.87
DILUDED EARNINGS PER SHARE $ 0.71 $ 0.87
Service Charges And Fees [Member]    
OTHER INCOME    
Other income $ 1,313 $ 1,470
Income From Fiduciary Activities [Member]    
OTHER INCOME    
Other income $ 212 $ 202