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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Interest and dividend income:        
Loans, including fees $ 13,804 $ 10,100 $ 37,277 $ 28,407
Investment securities - taxable 4,229 2,673 12,513 6,126
Investment securities - non taxable 366 385 1,109 1,140
Other short term investments and CD’s 335 194 1,222 387
Total interest income 18,734 13,352 52,121 36,060
Interest expense:        
Deposits 4,777 332 10,162 974
Securities sold under agreement to repurchase 446 32 1,165 79
Other borrowed money 1,408 194 4,197 429
Total interest expense 6,631 558 15,524 1,482
Net interest income 12,103 12,794 36,597 34,578
Provision for (release of) credit losses 474 18 730 (177)
Net interest income after provision for (release of) credit losses 11,629 12,776 35,867 34,755
Non-interest income:        
Deposit service charges 240 243 692 770
Mortgage banking income 508 290 1,034 1,610
Investment advisory fees and non-deposit commissions 1,187 1,053 3,335 3,446
Loss on sale of securities (1,249) (1,249)
Gain (loss) on sale of other assets 46 151 (45)
Other 1,132 1,087 3,527 3,275
Total non-interest income 1,864 2,673 7,490 9,056
Non-interest expense:        
Salaries and employee benefits 6,613 6,373 19,452 18,667
Occupancy 776 786 2,419 2,277
Equipment 416 331 1,129 992
Marketing and public relations 609 163 1,325 970
FDIC Insurance assessments 211 121 614 356
Other real estate expense 21 19 (142) 95
Amortization of intangibles 39 39 118 118
Other 2,588 2,585 7,549 7,084
Total non-interest expense 11,273 10,417 32,464 30,559
Net income before tax 2,220 5,032 10,893 13,252
Income tax expense 464 1,081 2,347 2,682
Net income $ 1,756 $ 3,951 $ 8,546 $ 10,570
Basic earnings per common share $ 0.23 $ 0.52 $ 1.13 $ 1.40
Diluted earnings per common share $ 0.23 $ 0.52 $ 1.12 $ 1.39