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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:        
Loans, including fees $ 14,001 $ 10,897 $ 27,072 $ 21,541
Securities:        
Taxable 3,188 3,047 6,404 5,635
Tax-exempt 585 675 1,199 1,349
Other interest and dividend income 713 259 1,008 425
Total interest income 18,487 14,878 35,683 28,950
Interest expense:        
Deposits 5,981 1,186 10,696 2,074
Other borrowed funds 1,204 56 2,016 88
Total interest expense 7,185 1,242 12,712 2,162
Net interest income 11,302 13,636 22,971 26,788
Credit loss expense (benefit) 33 (59) 308 (186)
Net interest income after credit loss expense (benefit) 11,269 13,695 22,663 26,974
Noninterest income:        
Securities gains, net 7 0 7 35
Gain on sale of loans held for sale 109 184 159 364
Other noninterest income 249 164 551 442
Total noninterest income 2,315 2,379 4,569 4,932
Noninterest expense:        
Salaries and employee benefits 5,879 5,750 11,849 11,361
Data processing 1,577 1,668 2,898 3,100
Occupancy expenses, net 792 706 1,602 1,423
FDIC insurance assessments 349 148 519 295
Professional fees 535 502 995 976
Business development 305 299 664 635
Intangible asset amortization 128 147 258 293
New market tax credit projects amortization 191 189 383 378
Other operating expenses, net 807 442 1,175 769
Total noninterest expense 10,563 9,851 20,343 19,230
Income before income taxes 3,021 6,223 6,889 12,676
Provision for income taxes 464 2,030 1,135 3,338
Net income $ 2,557 $ 4,193 $ 5,754 $ 9,338
Basic and diluted earnings per share (in dollars per share) $ 0.28 $ 0.46 $ 0.64 $ 1.03
Cash dividends declared, per share (in dollars per share) $ 0.27 $ 0.27 $ 0.54 $ 0.54
Fiduciary and Trust [Member]        
Noninterest income:        
Noninterest income $ 1,185 $ 1,246 $ 2,350 $ 2,526
Financial Service [Member]        
Noninterest income:        
Noninterest income 334 327 657 665
Credit and Debit Card [Member]        
Noninterest income:        
Noninterest income $ 431 $ 458 $ 845 $ 900