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Consolidated Statements Of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest and dividend income      
Loans and leases, including fees $ 97,383 $ 63,717 $ 51,256
Securities 658 881 756
FHLB and FRB stock dividends 592 348 234
Federal funds sold and other 9,646 2,818 102
Total interest and dividend income 108,279 67,764 52,348
Interest expense      
Deposits 56,363 15,952 8,014
FHLB advances and other debt 3,107 2,040 1,398
Subordinated debentures 1,169 982 897
Total interest expense 60,639 18,974 10,309
Net interest income 47,640 48,790 42,039
Provision for credit losses      
Provision for credit losses-loans 1,858 787 (1,600)
Provision for credit losses-unfunded commitments 459    
Total provision for credit losses 2,317 787 (1,600)
Net interest income after provision for credit losses 45,323 48,003 43,639
Noninterest income      
Service charges on deposit accounts 1,566 1,135 845
Net gains on sales of residential mortgage loans 119 656 5,916
Net gains on sales of SBA loans 66 353 1,443
Gain (loss) on redemption of life insurance policies   (173) 383
Earnings on bank owned life insurance 625 598 532
Gain on sale of deposits     1,893
Swap fee income 715 190 194
Other 940 451 434
Total noninterest income 4,031 3,210 11,640
Noninterest expense      
Salaries and employee benefits 14,513 15,125 16,948
Occupancy and equipment 1,694 1,253 1,120
Data processing 2,172 2,807 2,086
Franchise and other taxes 1,263 1,151 975
Professional fees 2,470 2,758 4,348
Director fees 658 632 622
Postage, printing and supplies 149 183 146
Advertising and marketing 336 431 3,061
Telephone 257 249 263
Loan expenses 619 694 352
Depreciation 567 496 435
FDIC premiums 2,215 1,130 1,238
Regulatory assessment 242 272 261
Other insurance 209 177 158
Impairment of property and equipment 60 570 17
Other 945 693 431
Total noninterest expense 28,369 28,621 32,461
Income before incomes taxes 20,985 22,592 22,818
Income tax expense 4,048 4,428 4,365
Net income 16,937 18,164 18,453
Net income attributable to common stockholders $ 16,937 $ 18,164 $ 18,453
Earnings per common share:      
Basic $ 2.64 $ 2.84 $ 2.84
Diluted $ 2.63 $ 2.78 $ 2.77