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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
INTEREST INCOME        
Loans receivable, including fees $ 20,702 $ 15,714 $ 39,860 $ 31,089
Securities 2,481 2,197 4,986 4,091
Other 53 182 101 260
Total interest income 23,236 18,093 44,947 35,440
INTEREST EXPENSE        
Deposits 5,740 1,083 10,102 2,142
Short-term borrowings 797 60 1,576 108
Other borrowings 1,057 56 1,534 195
Total interest expense 7,594 1,199 13,212 2,445
NET INTEREST INCOME 15,642 16,894 31,735 32,995
(RELEASE OF) PROVISION FOR CREDIT LOSS EXPENSE (1,750) 300 (1,450) 600
NET INTEREST INCOME AFTER (RELEASE OF) PROVISION FOR CREDIT LOSSES 17,392 16,594 33,185 32,395
OTHER INCOME        
Other income 1,726 2,023 3,402 5,168
Net realized (losses) gains on sales of securities (212)   (209)  
Gains on sales of loans, net 10   10  
Gain on sales of foreclosed real estate owned       427
Earnings and proceeds on bank owned life insurance 229 449 442 625
Other 174 351 346 1,414
Total other income 1,783 2,489 3,695 5,828
OTHER EXPENSES        
Salaries and employee benefits 5,842 5,840 11,810 11,271
Occupancy, furniture & equipment, net 1,314 1,206 2,576 2,513
Data processing and related operations 822 666 1,590 1,295
Taxes, other than income 162 240 323 533
Professional fees 323 406 608 981
Federal Deposit Insurance Corporation insurance 244 142 445 326
Foreclosed real estate 74 10 103 63
Amortization of intangibles 23 27 46 54
Other 2,134 1,935 3,873 3,594
Total other expenses 10,938 10,472 21,374 20,630
INCOME BEFORE INCOME TAXES 8,237 8,611 15,506 17,593
INCOME TAX EXPENSE 1,734 1,756 3,221 3,610
NET INCOME $ 6,503 $ 6,855 $ 12,285 $ 13,983
BASIC EARNINGS PER SHARE $ 0.81 $ 0.84 $ 1.52 $ 1.71
DILUTED EARNINGS PER SHARE $ 0.81 $ 0.84 $ 1.51 $ 1.71
Service Charges And Fees [Member]        
OTHER INCOME        
Other income $ 1,353 $ 1,475 $ 2,665 $ 2,946
Income From Fiduciary Activities [Member]        
OTHER INCOME        
Other income $ 229 $ 214 $ 441 $ 416