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Consolidated Statements of Earnings (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest income:    
Loans $ 11,376 $ 7,191
Investment securities:    
Taxable 2,317 991
Tax-exempt 786 722
Interest-bearing deposits at banks 98 62
Total interest income 14,577 8,966
Interest expense:    
Deposits 2,539 195
Subordinated debentures 364 123
Borrowings 727 3
Total interest expense 3,630 321
Net interest income 10,947 8,645
Provision for credit losses 49 (500)
Net interest income after provision for loan losses 10,898 9,145
Non-interest income:    
Fees and service charges 2,358 2,188
Gains on sales of loans, net [1] 693 905
Increase in cash surrender value of bank owned life insurance [1] 218 187
Other 226 283
Total non-interest income 3,495 3,563
Non-interest expense:    
Compensation and benefits 5,542 4,775
Occupancy and equipment 1,369 1,233
Data processing 589 340
Amortization of mortgage servicing rights and other intangibles 461 316
Professional fees 491 451
Other 1,891 1,723
Total non-interest expense 10,343 8,838
Earnings before income taxes 4,050 3,870
Income tax expense 693 737
Net earnings $ 3,357 $ 3,133
Basic [2],[3] $ 0.64 $ 0.60
Diluted [2],[3] 0.64 0.59
Dividends per share [2] $ 0.21 $ 0.20
[1] Not within the scope of ASC 606.
[2] Per share amounts for the periods ended March 31, 2022 have been adjusted to give effect to the 5% stock dividend paid during December 2022.
[3] Share and per share values for the periods ended March 31, 2022 have been adjusted to give effect to the 5% stock dividend paid during December 2022.