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Consolidated Statements of Earnings - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Interest income:        
Loans, including fees $ 6,019 $ 4,691 $ 11,773 $ 9,541
Securities - Taxable 1,826 1,547 3,691 2,883
Securities - Tax-exempt 404 415 807 834
Federal funds sold and interest bearing bank deposits 144 278 357 341
Total interest income 8,393 6,931 16,628 13,599
Interest expense:        
Deposits 1,482 552 2,600 1,137
Short-term borrowings 23 5 31 10
Total interest expense 1,505 557 2,631 1,147
Net interest income 6,888 6,374 13,997 12,452
Provision for credit losses (362) 0 (296) (250)
Net interest income after provision for loan losses 7,250 6,374 14,293 12,702
Noninterest income:        
Service charge on deposit accounts 154 146 308 288
Mortgage lending 142 187 235 440
Bank-owned life insurance income 68 97 224 196
Other noninterest income 427 418 816 832
Total noninterest income 791 848 1,583 1,756
Noninterest expense:        
Salaries and benefits 3,038 2,976 5,965 5,926
Net occupancy and equipment 787 727 1,586 1,161
Professional fees 299 239 637 469
Other noninterest expense 1,701 1,116 3,241 2,403
Total noninterest expense 5,825 5,058 11,429 9,959
Earnings before income taxes 2,216 2,164 4,447 4,499
Income tax expense 288 363 555 617
Net earnings $ 1,928 $ 1,801 $ 3,892 $ 3,882
Net earnings per share:        
Basic and diluted earnings per share $ 0.55 $ 0.51 $ 1.11 $ 1.10
Weighted average shares outstanding:        
Basic and diluted weighted average shares outstanding 3,500,064 3,513,353 3,501,098 3,515,991