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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Interest and Dividend Income    
Interest and fees on loans $ 41,720 $ 32,797
Interest on deposits in banks 1,223 213
Interest on federal funds sold 0 10
Interest and dividends on securities:    
Taxable interest 5,131 3,100
Tax-exempt interest 1,229 936
Dividends 92 88
Total interest and dividend income 49,395 37,144
Interest Expense    
Interest on deposits 3,273 1,415
Interest on subordinated debt 277 619
Interest on junior subordinated debt 270 270
Total interest expense 3,820 2,304
Net interest income 45,575 34,840
Provision for (recovery of) loan losses 1,850 (650)
Net interest income after provision for (recovery of) loan losses 43,725 35,490
Noninterest Income    
Noninterest income 10,069 9,019
Income from bank owned life insurance 597 526
Net (losses) gains on securities available for sale (2,004) 37
Net gains on sale of loans 0 25
Net (losses) gains on disposal of premises and equipment (29) 15
Gain on sale of other investment 2,885 0
Other operating income 1,103 555
Total noninterest income 12,621 10,187
Noninterest Expense    
Salaries and employee benefits 20,709 17,792
Occupancy 2,218 1,856
Equipment 2,300 1,910
Marketing 813 666
Supplies 528 509
Legal and professional fees 1,414 2,537
ATM and check card expenses 1,370 1,145
FDIC assessment 463 346
Bank franchise tax 930 665
Data processing expense 989 2,156
Amortization expense 19 28
Other real estate (gain) loss and expense, net (106) 26
Other operating expense 3,950 3,096
Total noninterest expense 35,597 32,732
Income before income taxes 20,749 12,945
Income tax expense 3,952 2,586
Net income $ 16,797 $ 10,359
Earnings per common share    
Basic (in dollars per share) $ 2.69 $ 1.87
Diluted (in dollars per share) $ 2.68 $ 1.86
Deposit Account [Member]    
Noninterest Income    
Noninterest income $ 2,677 $ 2,061
Credit and Debit Card [Member]    
Noninterest Income    
Noninterest income 3,300 2,930
Asset Management [Member]    
Noninterest Income    
Noninterest income 3,008 2,712
Financial Service, Other [Member]    
Noninterest Income    
Noninterest income 839 787
Mortgage Banking [Member]    
Noninterest Income    
Noninterest income $ 245 $ 539