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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest and fees on loans      
Taxable $ 41,413 $ 40,496 $ 40,518
Tax exempt 71 89 110
Interest bearing deposits 26 6 15
Short-term investments 183 54 231
Investment securities:      
Available for sale 5,610 4,543 4,591
Held to maturity 1,755 1,481 1,417
Total Interest Income 49,058 46,669 46,882
INTEREST EXPENSE      
Deposits 6,424 4,806 7,634
Short-term borrowings 364 1 29
Advances from Federal Home Loan Bank 553 875 1,099
Financing lease liabilities 100 106 112
Guaranteed junior subordinated deferrable interest debentures   944 1,121
Subordinated debt 1,054 854 520
Total Interest Expense 8,495 7,586 10,515
Net Interest Income 40,563 39,083 36,367
Provision for loan losses 50 1,100 2,375
Net Interest Income after Provision for Loan Losses 40,513 37,983 33,992
NON-INTEREST INCOME      
Non-interest income 14,737 14,968 12,823
Net gains on loans held for sale 208 664 1,523
Mortgage related fees 115 358 559
Net realized gains on investment securities   84  
Bank owned life insurance 1,089 1,117 782
Other income 2,552 2,587 2,296
Total non-interest income 16,692 17,761 16,275
NON-INTEREST EXPENSE      
Salaries and employee benefits 28,492 27,847 27,390
Net occupancy expense 2,883 2,620 2,510
Equipment expense 1,636 1,582 1,559
Professional fees 3,210 2,872 2,909
Data processing and IT expense 3,945 3,666 3,428
Supplies, postage and freight 651 668 714
Miscellaneous taxes and insurance 1,373 1,236 1,143
Federal deposit insurance expense 515 655 481
Branch acquisition costs   389  
Other expense 5,299 5,435 4,321
Total Non-Interest Expense 48,004 46,970 44,455
PRETAX INCOME 9,201 8,774 5,812
Provision for income taxes 1,753 1,702 1,214
NET INCOME $ 7,448 $ 7,072 $ 4,598
Basic:      
Net income $ 0.44 $ 0.41 $ 0.27
Average number of shares outstanding 17,107 17,073 17,053
Diluted:      
Net income $ 0.43 $ 0.41 $ 0.27
Average number of shares outstanding 17,146 17,114 17,063
Cash dividends declared $ 0.115 $ 0.100 $ 0.100
Wealth management fees      
NON-INTEREST INCOME      
Non-interest income $ 11,620 $ 11,986 $ 10,212
Service charges on deposit accounts      
NON-INTEREST INCOME      
Non-interest income $ 1,108 $ 965 $ 903