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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
Interest and dividend income:        
Loans, including fees $ 17,330 $ 16,242 $ 34,363 $ 31,903
Federal funds sold 64 160 248 399
Other interest-bearing deposits 45 58 87 115
Investment securities:        
Taxable 1,265 1,776 2,574 3,935
Tax exempt 323 327 646 653
Dividends 109 100 224 218
Total interest and dividend income 19,136 18,663 38,142 37,223
Interest expense:        
Demand deposits 67 68 136 139
Money market and savings deposits 2,927 2,952 5,930 5,874
Certificates and other time deposits 2,670 3,982 5,724 8,032
Borrowings 582 388 1,091 874
Federal funds purchased 18 9 25 16
Junior subordinated debt 76 83 146 171
Total interest expense 6,340 7,482 13,052 15,106
Net interest income 12,796 11,181 25,090 22,117
Provision for (recovery of) credit losses 3 (338) (157) (360)
Net interest income after provision for (recovery of) credit losses 12,793 11,519 25,247 22,477
Noninterest income:        
Wealth management fees 206 240 435 666
Deposit account fees 293 338 600 725
Debit/credit card and ATM fees 355 523 725 1,011
Bank owned life insurance income 307 289 600 564
Gains (losses) on sale of assets, net   (3) 278 36
Gain on early redemption of debt       379
Loss on sales of AFS, net     (0) (4)
Other 150 304 433 492
Total noninterest income 1,311 1,691 3,071 3,869
Noninterest expense:        
Salaries and employee benefits 3,863 3,850 7,799 8,002
Net occupancy 889 865 1,905 1,837
Equipment 202 167 388 338
Bank franchise tax 489 345 828 685
Computer software 266 276 522 484
Data processing 732 579 1,467 1,318
FDIC deposit insurance assessment 145 180 290 375
Marketing, advertising and promotion 179 157 433 405
Professional fees 331 190 587 442
Legal fees 225 9 461 80
Core deposit intangible amortization 284 332 579 675
Other 1,076 1,172 2,246 2,300
Total noninterest expense 8,681 8,122 17,505 16,941
Income before income taxes 5,423 5,088 10,813 9,405
Provision for income taxes 1,185 929 2,086 1,600
Net income (loss) $ 4,238 $ 4,159 $ 8,727 $ 7,805
Net income per common share, basic $ 0.79 $ 0.77 $ 1.62 $ 1.45
Net income per common share, diluted $ 0.78 $ 0.77 $ 1.61 $ 1.45
Weighted average common shares outstanding, basic 5,391,979 5,377,055 5,385,461 5,371,972
Weighted average common shares outstanding, diluted 5,417,900 5,385,770 5,410,430 5,382,980