XML 15 R4.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Interest and Dividend Income        
Interest and fees on loans $ 11,886 $ 9,963 $ 23,398 $ 19,459
Interest on deposits in banks 759 251 1,103 321
Interest and dividends on securities:        
Taxable interest 1,306 1,295 2,645 2,427
Tax-exempt interest 307 309 613 614
Dividends 28 21 55 42
Total interest and dividend income 14,286 11,839 27,814 22,863
Interest Expense        
Interest on deposits 3,402 413 5,618 753
Interest on subordinated debt 69 69 138 138
Interest on junior subordinated debt 67 67 134 134
Interest on other borrowings 3 0 3 0
Total interest expense 3,541 549 5,893 1,025
Net interest income 10,745 11,290 21,921 21,838
Provision for credit losses 100 400 100 400
Net interest income after provision for credit losses 10,645 10,890 21,821 21,438
Noninterest Income        
Noninterest income 2,535 2,501 4,953 4,990
Income from bank owned life insurance 135 131 284 275
Other operating income 214 148 425 226
Total noninterest income 2,884 2,780 5,662 5,491
Noninterest Expense        
Salaries and employee benefits 5,189 5,086 10,535 10,210
Occupancy 524 545 1,052 1,117
Equipment 571 620 1,158 1,179
Marketing 248 223 516 374
Supplies 147 131 295 267
Legal and professional fees 422 381 765 714
ATM and check card expense 425 347 825 650
FDIC assessment 212 132 318 284
Bank franchise tax 262 238 516 454
Data processing expense 252 221 454 457
Amortization expense 4 5 9 9
Other real estate owned (income) expense, net (219) 41 (216) 69
Other operating expense 1,121 948 2,131 1,778
Total noninterest expense 9,158 8,918 18,358 17,562
Income before income taxes 4,371 4,752 9,125 9,367
Income tax expense 866 917 1,771 1,803
Net income $ 3,505 $ 3,835 $ 7,354 $ 7,564
Earnings per common share        
Basic (in dollars per share) $ 0.56 $ 0.61 $ 1.17 $ 1.21
Diluted (in dollars per share) $ 0.56 $ 0.61 $ 1.17 $ 1.21
Deposit Account [Member]        
Noninterest Income        
Noninterest income $ 683 $ 698 $ 1,329 $ 1,307
Credit and Debit Card [Member]        
Noninterest Income        
Noninterest income 848 797 1,648 1,547
Asset Management [Member]        
Noninterest Income        
Noninterest income 749 760 1,525 1,563
Financial Service, Other [Member]        
Noninterest Income        
Noninterest income 220 188 416 421
Mortgage Banking [Member]        
Noninterest Income        
Noninterest income $ 35 $ 58 $ 35 $ 152