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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Interest Income    
Interest and fees on loans $ 38,924 $ 34,253
Interest on interest-bearing deposits 1,982 1,353
Interest and dividends on securities – taxable 16,536 12,788
Interest on securities – nontaxable 1,391 1,715
Total interest income 58,833 50,109
Interest Expense    
Interest on time deposits 4,989 141
Interest on other deposits 16,261 2,942
Interest on borrowings 300 0
Total interest expense 21,550 3,083
Net interest income 37,283 47,026
(Recovery of) provision for credit losses (1,261) 706
Net interest income after (recovery of) provision for credit losses 38,544 46,320
Noninterest Income:    
Noninterest Income 7,072 6,994
Gain on sale of mortgage loans 107 157
BOLI income 2,026 958
Gain on sale of investment 2,971 0
Gain on sale of private equity investment 232 3,823
Other income 961 1,091
Realized securities loss, net (3,332) 0
Total noninterest income 9,359 12,401
Noninterest Expense    
Salaries and employee benefits 17,318 16,519
Occupancy, furniture and fixtures 2,005 1,934
Data processing and ATM 3,549 3,186
FDIC assessment 749 477
Net costs of other real estate owned 31 325
Franchise taxes 1,422 1,483
Professional services 1,739 999
Other operating expenses 2,415 2,035
Total noninterest expense 29,228 26,958
Income before income taxes 18,675 31,763
Income tax expense 2,984 5,831
Net income $ 15,691 $ 25,932
Basic net income per common share (in dollars per share) $ 2.66 $ 4.33
Fully diluted net income per common share (in dollars per share) 2.66 4.33
Dividends declared per common share (in dollars per share) $ 2.51 $ 1.5
Deposit Account [Member]    
Noninterest Income:    
Noninterest Income $ 2,518 $ 2,425
Product and Service, Other [Member]    
Noninterest Income:    
Noninterest Income 297 214
Credit and Debit Card [Member]    
Noninterest Income:    
Noninterest Income 1,678 1,916
Fiduciary and Trust [Member]    
Noninterest Income:    
Noninterest Income $ 1,901 $ 1,817