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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest and Dividend Income    
Interest and fees on loans $ 13,484 $ 11,512
Interest on deposits in banks 1,288 344
Interest and dividends on securities:    
Taxable interest 1,224 1,339
Tax-exempt interest 305 306
Dividends 33 27
Total interest and dividend income 16,334 13,528
Interest Expense    
Interest on deposits 4,771 2,216
Interest on subordinated debt 69 69
Interest on junior subordinated debt 68 67
Interest on other borrowings 576 0
Total interest expense 5,484 2,352
Net interest income 10,850 11,176
Provision for credit losses 1,000 0
Net interest income after provision for credit losses 9,850 11,176
Noninterest Income    
Noninterest income 2,540 2,418
Income from bank owned life insurance 151 149
Other operating income 1,356 211
Total noninterest income 4,047 2,778
Noninterest Expense    
Salaries and employee benefits 5,871 5,346
Occupancy 535 528
Equipment 591 587
Marketing 195 268
Supplies 116 148
Legal and professional fees 452 343
ATM and check card expense 361 400
FDIC assessment 177 106
Bank franchise tax 262 254
Data processing expense 246 202
Amortization expense 4 5
Other real estate owned expense, net 0 3
Net losses on disposal of premises and equipment 49 (2)
Other operating expense 1,028 1,010
Total noninterest expense 9,887 9,200
Income before income taxes 4,010 4,754
Income tax expense 801 905
Net income $ 3,209 $ 3,849
Earnings per common share    
Basic (in dollars per share) $ 0.51 $ 0.61
Diluted (in dollars per share) $ 0.51 $ 0.61
Deposit Account [Member]    
Noninterest Income    
Noninterest income $ 654 $ 646
Credit and Debit Card [Member]    
Noninterest Income    
Noninterest income 770 800
Asset Management [Member]    
Noninterest Income    
Noninterest income 883 776
Financial Service, Other [Member]    
Noninterest Income    
Noninterest income 195 196
Mortgage Banking [Member]    
Noninterest Income    
Noninterest income $ 38 $ 0