XML 18 R4.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Interest and dividend income:    
Interest and fees on loans $ 55,389 $ 52,203
Due from banks interest bearing accounts 7,201 9,351
Investment securities:    
Taxable 13,795 10,850
Non-taxable 1,216 914
Other earning assets 1,051 805
Total interest and dividend income 78,652 74,123
Interest expense:    
Time deposits over $250,000 1,045 410
Other deposits 13,247 7,174
Total interest expense 14,292 7,584
Net interest income 64,360 66,539
(Reversal of) provision for credit losses (250) 1,100
Net interest income after (reversal of) provision for credit losses 64,610 65,439
Non-interest income:    
Service charges on deposit accounts 1,718 1,699
Losses on sales/calls of available-for-sale securities (234) (112)
Gains on sales of loans held-for-sale 52 111
Debit card income 2,762 2,798
Gain on bargain purchase 0 1,405
Other income 1,721 1,944
Total non-interest income 6,019 7,845
Non-interest expenses:    
Salaries and employee benefits 23,850 25,914
Occupancy and equipment 4,736 4,329
Data processing 4,224 4,043
Stationery and supplies 313 349
Advertising 460 474
Director fees 309 327
Amortization of core deposit intangible 820 829
Other expense 8,077 7,373
Total non-interest expenses 42,789 43,638
Income before provision for income tax 27,840 29,646
Provision for income tax 7,806 8,092
Net income $ 20,034 $ 21,554
Basic income per share (in dollars per share) $ 1.26 $ 1.35
Diluted income per share (in dollars per share) $ 1.24 $ 1.34