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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest and Dividend Income    
Interest and fees on loans $ 17,167 $ 10,620
Interest and dividends on securities available for sale:    
Taxable interest income 804 779
Interest income exempt from federal income taxes 4 83
Dividends 83 10
Interest on deposits in banks 490 15
Interest on federal funds sold 10 2
Total interest and dividend income 18,558 11,509
Interest Expense    
Interest on deposits 3,459 370
Interest on federal funds purchased 70  
Interest on Federal Home Loan Bank advances 2,031  
Interest on subordinated debt 354  
Total interest expense 5,914 370
Net interest income 12,644 11,139
Provision for credit losses 664 540
Net interest income after provision for credit losses 11,980 10,599
Noninterest Income    
Wealth management fees 1,158 921
Service charges on deposit accounts 436 374
Other service charges and fees 1,047 909
Gain on sale of loans 456 478
Bank owned life insurance income 179 179
Other operating income 250 382
Total noninterest income 3,526 3,243
Noninterest Expenses    
Salaries and employee benefits 7,298 5,952
Occupancy expenses 518 518
Equipment expenses 323 257
Advertising and marketing expenses 296 111
Stationery and supplies 22 35
ATM network fees 351 286
Other real estate owned expense 5 0
(Gain) on other real estate owned (7)  
FDIC assessment 266 177
Computer software expense 310 254
Bank franchise tax 263 198
Professional fees 713 464
Data processing fees 402 480
Other operating expenses 1,626 1,191
Total noninterest expenses 12,386 9,923
Income before income taxes 3,120 3,919
Income tax expense (benefit) 535 669
Net income $ 2,585 $ 3,250
Earnings Per Share    
Net income per common share, basic $ 0.73 $ 0.94
Net income per common share, diluted $ 0.73 $ 0.94