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Consolidated Statements of Income - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Interest income:    
Loans $ 47,043,000 $ 45,318,000
Investment securities 17,918,000 16,211,000
Other investments 4,127,000 1,173,000
Total interest income 69,088,000 62,702,000
Interest expense:    
Deposits 19,484,000 4,925,000
Advances from the Federal Home Loan Bank 6,636,000 2,107,000
Securities sold under agreements to repurchase 183,000 183,000
Advances from the Federal Reserve Bank 154,000  
Total interest expense 26,457,000 7,215,000
Net interest income 42,631,000 55,487,000
Reversal of provision for credit losses (3,000) (576,000)
Reversal of provision for credit losses   (576,000)
Net interest income after reversal of provision for credit losses 42,634,000 56,063,000
Noninterest income:    
Service and other fees 1,327,000 1,416,000
Income on bank-owned life insurance 855,000 792,000
Net gain (loss) on sale of loans 10,000 (3,000)
Other 279,000 2,004,000
Total noninterest income 2,471,000 4,209,000
Noninterest expense:    
Salaries and employee benefits 20,832,000 22,259,000
Occupancy 6,910,000 6,708,000
Equipment 5,156,000 5,006,000
Federal deposit insurance premiums 982,000 573,000
Other general and administrative expenses 4,388,000 4,252,000
Total noninterest expense 38,268,000 38,798,000
Income before income taxes 6,837,000 21,474,000
Income taxes 1,810,000 5,318,000
Net income $ 5,027,000 $ 16,156,000
Basic earnings per share (in dollars per share) $ 0.58 $ 1.81
Diluted earnings per share (in dollars per share) 0.57 1.80
Cash dividends declared per common share (in dollars per share) $ 0.74 $ 1.02
Basic weighted-average shares outstanding (in shares) 8,636,495 8,865,946
Diluted weighted-average shares outstanding (in shares) 8,684,092 8,920,714
Service and Other Fees    
Noninterest income:    
Service and other fees $ 1,327,000 $ 1,416,000