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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Interest and dividend income:        
Loans, including fees $ 17,279 $ 13,804 $ 49,230 $ 37,277
Investment securities – taxable 3,975 4,229 12,279 12,513
Investment securities - non taxable 355 366 1,070 1,109
Other short term investments and CD’s 1,552 335 3,769 1,222
Total interest income 23,161 18,734 66,348 52,121
Interest expense:        
Deposits 8,287 4,777 23,210 10,162
Securities sold under agreement to repurchase 506 446 1,611 1,165
Other borrowed money 956 1,408 3,344 4,197
Total interest expense 9,749 6,631 28,165 15,524
Net interest income 13,412 12,103 38,183 36,597
Provision for credit losses (16) 474 567 730
Net interest income after provision for credit losses 13,428 11,629 37,616 35,867
Non-interest income:        
Deposit service charges 228 240 722 692
Mortgage banking income 575 511 1,659 1,040
Investment advisory fees and non-deposit commissions 1,595 1,187 4,461 3,335
Loss on sale of securities (1,249) (1,249)
Gain on sale of other assets 5 46 5 151
Other 1,167 1,129 3,549 3,521
Total non-interest income 3,570 1,864 10,396 7,490
Non-interest expense:        
Salaries and employee benefits 7,422 6,613 21,826 19,452
Occupancy 793 776 2,321 2,419
Equipment 391 416 1,038 1,129
Marketing and public relations 477 609 1,301 1,325
FDIC insurance assessments 290 211 870 614
Other real estate expense (income) 11 21 113 (142)
Amortization of intangibles 40 39 118 118
Other 2,567 2,588 8,052 7,549
Total non-interest expense 11,991 11,273 35,639 32,464
Net income before tax 5,007 2,220 12,373 10,893
Income tax expense 1,146 464 2,650 2,347
Net income $ 3,861 $ 1,756 $ 9,723 $ 8,546
Basic earnings per common share $ 0.51 $ 0.23 $ 1.28 $ 1.13
Diluted earnings per common share $ 0.50 $ 0.23 $ 1.26 $ 1.12