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Consolidated Statements Of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Interest Income    
Loans $ 26,175 $ 26,529
Securities    
US Government and agency obligations 1,235 875
Mortgage backed securities 1,656 462
Municipals - taxable 1,079 813
Municipals - tax exempt 73 52
Dividends 66 67
Other (Corporates) 566 243
Interest bearing deposits 282 33
Federal Funds sold 721 107
Total interest income 31,853 29,181
Deposits    
NOW, money market savings 555 564
Time Deposits 732 1,105
Finance leases 96 106
Capital notes 327 327
Other borrowings 440  
Total interest expense 2,150 2,102
Net interest income 29,703 27,079
Recovery of loan losses (900) (500)
Net interest income after recovery of loan losses 30,603 27,579
Noninterest income    
Gain on sales of loans held for sale 5,256 8,265
Service charges, fees and commissions 3,591 2,496
Wealth management fees 3,932  
Life insurance income 452 430
Other 16 18
Loss on sales and calls of securities, net (3)  
Total noninterest income 13,244 11,209
Noninterest expenses    
Salaries and employee benefits 17,682 16,377
Occupancy 1,814 1,673
Equipment 2,553 2,526
Supplies 521 471
Professional and other outside expenses 2,589 2,286
Data processing 2,467 1,808
Marketing 920 934
Credit expense 923 1,103
Other real estate expenses, net 214 102
FDIC insurance expense 500 548
Amortization of intangibles 560  
Other 1,994 1,509
Total noninterest expenses 32,737 29,337
Income before income taxes 11,110 9,451
Income tax expense 2,151 1,862
Net Income $ 8,959 $ 7,589
Weighted average shares outstanding - basic 4,698,041 4,747,821
Weighted average shares outstanding - diluted 4,698,041 4,747,821
Earnings per common share – basic $ 1.91 $ 1.60
Earnings per common share – diluted $ 1.91 $ 1.60