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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Interest and dividend income:        
Loans, including fees $ 12,314 $ 9,304 $ 23,473 $ 18,307
Investment securities - taxable 4,223 1,674 8,284 3,453
Investment securities - non taxable 368 375 743 755
Other short term investments and CD’s 592 160 887 193
Total interest income 17,497 11,513 33,387 22,708
Interest expense:        
Deposits 3,392 309 5,385 642
Securities sold under agreement to repurchase 363 22 719 47
Other borrowed money 1,605 131 2,789 235
Total interest expense 5,360 462 8,893 924
Net interest income 12,137 11,051 24,494 21,784
Provision for (release of) credit losses 186 (70) 256 (195)
Net interest income after provision for (release of) credit losses 11,951 11,121 24,238 21,979
Non-interest income:        
Deposit service charges 220 262 452 527
Mortgage banking income 371 481 526 1,320
Investment advisory fees and non-deposit commissions 1,081 1,195 2,148 2,393
Gain (loss) on sale of other assets 105 (45) 105 (45)
Other 1,274 1,116 2,395 2,188
Total non-interest income 3,051 3,009 5,626 6,383
Non-interest expense:        
Salaries and employee benefits 6,508 6,175 12,839 12,294
Occupancy 813 786 1,643 1,491
Equipment 377 329 713 661
Marketing and public relations 370 446 716 807
FDIC Insurance assessments 221 105 403 235
Other real estate expense (30) 29 (163) 76
Amortization of intangibles 40 40 79 79
Other 2,456 2,278 4,961 4,499
Total non-interest expense 10,755 10,188 21,191 20,142
Net income before tax 4,247 3,942 8,673 8,220
Income tax expense 920 812 1,883 1,601
Net income $ 3,327 $ 3,130 $ 6,790 $ 6,619
Basic earnings per common share $ 0.44 $ 0.42 $ 0.90 $ 0.88
Diluted earnings per common share $ 0.43 $ 0.41 $ 0.89 $ 0.87
Net interest income after provision for (release of) credit losses $ 11,951 $ 11,121 $ 24,238 $ 21,979