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Consolidated Statements of Earnings - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest income:    
Loans, including fees $ 5,754 $ 4,850
Securities - Taxable 1,865 1,336
Securities - Tax-exempt 403 419
Federal funds sold and interest bearing bank deposits 213 63
Total interest income 8,235 6,668
Interest expense:    
Deposits 1,118 585
Short-term borrowings 8 5
Total interest expense 1,126 590
Net interest income 7,109 6,078
Provision for credit losses 66 (250)
Net interest income after provision for loan losses 7,043 6,328
Noninterest income:    
Service charge on deposit accounts 154 142
Mortgage lending 93 253
Bank-owned life insurance income 156 99
Other noninterest income 389 414
Total noninterest income 792 908
Noninterest expense:    
Salaries and benefits 2,927 2,950
Net occupancy and equipment 799 434
Professional fees 338 230
Other noninterest expense 1,540 1,287
Total noninterest expense 5,604 4,901
Earnings before income taxes 2,231 2,335
Income tax expense 267 254
Net earnings $ 1,964 $ 2,081
Net earnings per share:    
Basic and diluted earnings per share $ 0.56 $ 0.59
Weighted average shares outstanding:    
Basic and diluted weighted average shares outstanding 3,502,143 3,518,657