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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Interest and dividend income:        
Loans, including fees $ 16,401 $ 12,314 $ 31,951 $ 23,473
Investment securities – taxable 4,114 4,223 8,303 8,284
Investment securities - non taxable 359 368 716 743
Other short term investments and CD’s 1,057 592 2,217 887
Total interest income 21,931 17,497 43,187 33,387
Interest expense:        
Deposits 7,720 3,392 14,923 5,385
Securities sold under agreement to repurchase 497 363 1,106 719
Other borrowed money 1,020 1,605 2,387 2,789
Total interest expense 9,237 5,360 18,416 8,893
Net interest income 12,694 12,137 24,771 24,494
Provision for credit losses 454 186 583 256
Net interest income after provision for credit losses 12,240 11,951 24,188 24,238
Non-interest income:        
Deposit service charges 235 220 494 452
Mortgage banking income 659 371 1,084 526
Investment advisory fees and non-deposit commissions 1,508 1,081 2,866 2,148
Gain on sale of other real estate owned 105 105
Other 1,240 1,274 2,382 2,395
Total non-interest income 3,642 3,051 6,826 5,626
Non-interest expense:        
Salaries and employee benefits 7,303 6,508 14,404 12,839
Occupancy 738 813 1,528 1,643
Equipment 317 377 647 713
Marketing and public relations 258 370 824 716
FDIC Insurance assessments 302 221 580 403
Other real estate expense 90 (30) 102 (163)
Amortization of intangibles 39 40 78 79
Other 2,796 2,456 5,485 4,961
Total non-interest expense 11,843 10,755 23,648 21,191
Net income before tax 4,039 4,247 7,366 8,673
Income tax expense 774 920 1,504 1,883
Net income $ 3,265 $ 3,327 $ 5,862 $ 6,790
Basic earnings per common share $ 0.43 $ 0.44 $ 0.77 $ 0.90
Diluted earnings per common share $ 0.42 $ 0.43 $ 0.76 $ 0.89