XML 16 R4.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Statements of Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest income:      
Loans, including fees $ 39,234 $ 39,671 $ 37,037
Investment securities - taxable 9,725 6,155 5,011
Investment securities - non taxable 1,525 1,564 1,454
Other short term investments and CDs 633 130 276
Total interest income 51,117 47,520 43,778
Interest expense:      
Deposits 1,849 1,740 3,021
Securities sold under agreement to repurchase 227 85 190
Other borrowed money 1,098 416 544
Total interest expense 3,174 2,241 3,755
Net interest income 47,943 45,279 40,023
Provision for (release of) loan losses (152) 335 3,663
Net interest income after provision for (release of) loan losses 48,095 44,944 36,360
Non-interest income:      
Deposit service charges 960 977 1,121
Mortgage banking income 1,900 [1] 4,319 [1] 5,557
Investment advisory fees and non-deposit commissions 4,479 [1] 3,995 [1] 2,720
Gain on sale of securities 99
Gain (loss) on sale of other real estate owned (45) 77 147
Gain (loss) on sale of other assets (73) 117
Other non-recurring income 7 171 311
Other 4,341 [2] 4,248 [2] 3,814
Total non-interest income 11,569 13,904 13,769
Non-interest expense:      
Salaries and employee benefits 25,357 24,494 24,026
Occupancy 3,002 2,947 2,709
Equipment 1,343 1,296 1,237
Marketing and public relations 1,259 1,173 1,043
FDIC Insurance assessments 468 618 404
Other real estate expense 308 105 201
Amortization of intangibles 158 201 363
Other 9,358 8,367 7,551
Total non-interest expense 41,253 39,201 37,534
Net income before tax 18,411 19,647 12,595
Income tax expense 3,798 4,182 2,496
Net income $ 14,613 $ 15,465 $ 10,099
Basic earnings per common share $ 1.94 $ 2.06 $ 1.36
Diluted earnings per common share $ 1.92 $ 2.05 $ 1.35
[1] Not within the scope of ASC 606
[2] Includes Check Card Fee income discussed above.  No other items are within the scope of ASC 606.