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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest and Dividend Income        
Interest and fees on loans $ 13,282 $ 10,049 $ 35,565 $ 29,206
Interest and dividends on securities available for sale:        
Taxable interest income 851 600 2,477 1,596
Interest income exempt from federal income taxes 59 96 217 321
Dividends 22 11 49 35
Interest on deposits in banks 143 26 199 53
Interest on federal funds sold 9   15  
Total interest and dividend income 14,366 10,782 38,522 31,211
Interest Expense        
Interest on deposits 714 383 1,467 1,304
Interest on federal funds purchased 11   19  
Interest on Federal Home Loan Bank advances 404   404  
Interest on subordinated debt 338   675  
Total interest expense 1,467 383 2,565 1,304
Net interest income 12,899 10,399 35,957 29,907
Provision for loan losses   300 900 1,183
Net interest income after provision for loan losses 12,899 10,099 35,057 28,724
Noninterest Income        
Wealth management fees 1,094 876 3,077 2,133
Service charges on deposit accounts 432 338 1,195 869
Other service charges and fees 1,061 964 2,999 3,037
(Loss) gain on sale of securities (737)   (737) 24
Gain (loss) on disposal of bank premises and equipment 8   (3)  
Gain on sale of loans 568 486 1,544 845
Bank owned life insurance income 138 145 495 368
Other operating income 600 72 1,686 682
Total noninterest income 3,164 2,881 10,256 7,958
Noninterest Expenses        
Salaries and employee benefits 6,938 5,947 18,873 15,973
Occupancy expenses 528 450 1,562 1,319
Equipment expenses 299 246 814 708
Advertising and marketing expenses 181 102 438 286
Stationery and supplies 34 27 135 125
ATM network fees 381 285 977 847
Other real estate owned expense   32   37
Loss on other real estate owned   26   128
FDIC assessment 116 169 430 409
Computer software expense 252 282 690 752
Bank franchise tax 234 199 653 583
Professional fees 270 289 1,610 1,118
Data processing fees 427 418 1,386 1,193
Other operating expenses 1,398 1,051 3,941 2,688
Total noninterest expenses 11,058 9,523 31,509 26,166
Income before income taxes 5,005 3,457 13,804 10,516
Income Tax Expense 923 584 2,480 1,778
Net income $ 4,082 $ 2,873 $ 11,324 $ 8,738
Earnings Per Share        
Net income per common share, basic $ 1.17 $ 0.83 $ 3.25 $ 2.54
Net income per common share, diluted $ 1.17 $ 0.83 $ 3.25 $ 2.54