XML 15 R4.htm IDEA: XBRL DOCUMENT v3.25.2
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Loans, including fees $ 16,667 $ 16,220 $ 33,341 $ 32,042
Securities:        
Taxable 3,116 3,027 5,956 6,119
Tax-exempt 450 508 903 1,043
Other interest and dividend income 1,252 780 2,403 1,442
Total interest and dividend income 21,485 20,535 42,603 40,646
Interest expense:        
Deposits 7,387 8,170 14,806 15,759
Other borrowed funds 632 1,493 1,416 3,109
Total interest expense 8,019 9,663 16,222 18,868
Net interest income 13,466 10,872 26,381 21,778
Credit loss expense 108 182 1,070 351
Net interest income after credit loss expense 13,358 10,690 25,311 21,427
Noninterest income:        
Securities (losses), net 0 0 0 (165)
Gain on sale of loans held for sale 150 166 225 249
Other noninterest income 203 213 513 593
Total noninterest income 2,641 2,619 5,188 4,796
Noninterest expense:        
Salaries and employee benefits 6,479 6,437 12,852 12,674
Data processing 1,456 1,568 2,808 3,003
Occupancy expenses, net 728 716 1,500 1,493
FDIC insurance assessments 275 296 535 597
Professional fees 540 863 1,025 1,323
Business development 311 285 683 665
Intangible asset amortization 77 86 154 173
New market tax credit projects amortization 191 175 383 349
Other operating expenses, net 306 314 686 657
Total noninterest expense 10,363 10,740 20,626 20,934
Income before income taxes 5,636 2,569 9,873 5,289
Provision for income taxes 1,125 385 1,919 801
Net income $ 4,511 $ 2,184 $ 7,954 $ 4,488
Basic and diluted earnings per share (in dollars per share) $ 0.51 $ 0.24 $ 0.89 $ 0.5
Cash dividends declared, per share (in dollars per share) $ 0 $ 0.27 $ 0.2 $ 0.54
Fiduciary and Trust [Member]        
Noninterest income:        
Noninterest income $ 1,518 $ 1,476 $ 2,962 $ 2,671
Financial Service [Member]        
Noninterest income:        
Noninterest income 378 341 748 663
Credit and Debit Card [Member]        
Noninterest income:        
Noninterest income $ 392 $ 423 $ 740 $ 785