XML 24 R4.htm IDEA: XBRL DOCUMENT v3.24.1
Consolidated Statements of Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest income:      
Loans, including fees $ 52,317 $ 39,234 $ 39,671
Investment securities - taxable 16,715 9,725 6,155
Investment securities - non taxable 1,471 1,525 1,564
Other short term investments and CDs 2,194 633 130
Total interest income 72,697 51,117 47,520
Interest expense:      
Deposits 16,563 1,849 1,740
Securities sold under agreement to repurchase 1,658 227 85
Other borrowed money 5,584 1,098 416
Total interest expense 23,805 3,174 2,241
Net interest income 48,892 47,943 45,279
Provision for (release of) credit losses 1,129 (152) 335
Net interest income after provision for (release of) credit losses 47,763 48,095 44,944
Non-interest income:      
Deposit service charges 963 960 977
Mortgage banking income 1,406 [1] 1,900 [1] 4,319
Investment advisory fees and non-deposit commissions 4,511 [1] 4,479 [1] 3,995
Loss on sale of securities (1,249) [1]
Gain (loss) on sale of other real estate owned 151 (45) 77
Gain (loss) on sale of other assets (73) 117
Other non-recurring income 121 7 171
Other 4,518 [2] 4,341 [2] 4,248
Total non-interest income 10,421 11,569 13,904
Non-interest expense:      
Salaries and employee benefits 25,864 25,357 24,494
Occupancy 3,157 3,002 2,947
Equipment 1,566 1,343 1,296
Marketing and public relations 1,496 1,259 1,173
FDIC Insurance assessments 904 468 618
Other real estate expense (income) (112) 308 105
Amortization of intangibles 158 158 201
Other 10,111 9,358 8,367
Total non-interest expense 43,144 41,253 39,201
Net income before tax 15,040 18,411 19,647
Income tax expense 3,197 3,798 4,182
Net income $ 11,843 $ 14,613 $ 15,465
Basic earnings per common share $ 1.56 $ 1.94 $ 2.06
Diluted earnings per common share $ 1.55 $ 1.92 $ 2.05
[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.