XML 15 R4.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest and Dividend Income    
Interest and fees on loans $ 26,553 $ 25,314
Interest and dividends on securities held-to-maturity 3 1
Interest and dividends on securities available-for-sale 914 964
Dividends on restricted stock 124 176
Interest on deposits at other financial institutions 963 372
Total interest and dividend income 28,557 26,827
Interest Expense    
Interest on deposits 12,792 12,541
Interest on short-term debt 468 1,237
Interest on subordinated notes 245 257
Total interest expense 13,505 14,035
Net Interest Income 15,052 12,792
Provision for credit losses 200 0
Net interest income after provision for credit losses 14,852 12,792
Noninterest Income    
Total noninterest income 671 395
Service charges on deposit accounts 270 261
BOLI income 70 190
Gain (loss) income from minority membership interests 141 (203)
Other income 190 147
Noninterest Expenses    
Salaries and employee benefits 4,783 4,531
Occupancy and equipment expense 529 522
Data processing and network administration 619 635
Internet banking and software expense 825 694
State franchise taxes 596 589
FDIC insurance 330 345
Marketing, business development and advertising 169 204
Loan Processing Fee (Income) 279 222
Directors Fees 150 135
Core deposit intangible amortization 35 45
Other operating expenses 818 703
Total noninterest expenses 9,133 8,625
Net income 5,165 1,340
Net income before income tax expense 6,390 4,562
Income tax expense $ 1,225 $ 3,222
Earnings per share, basic $ 0.28 $ 0.08
Earnings per share, diluted $ 0.28 $ 0.07
Total noninterest income $ 671 $ 395
Service charges on deposit accounts 270 261
BOLI income 70 190
Gain (loss) income from minority membership interests 141 (203)
Other income $ 190 $ 147