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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Interest income        
Loans, including fees $ 9,307 $ 7,902 $ 26,572 $ 22,021
Investment securities - taxable 1,071 1,623 3,191 4,794
Investment securities - tax exempt 157 141 467 416
Federal funds sold and other interest earning assets 424 181 909 861
Total interest income 10,959 9,847 31,139 28,092
Interest expense        
Deposits 4,344 3,911 12,665 10,244
Securities sold under repurchase agreements 13 13 42 49
Federal Home Loan Bank advances 129 65 251 109
Federal Reserve Bank advances 0 648 0 1,911
Long-term debt 120 125 342 387
Total interest expense 4,606 4,762 13,300 12,700
Net interest income 6,353 5,085 17,839 15,392
Provision for (recovery of) credit losses 327 0 595 0
Net interest income after provision for (recovery of) credit losses 6,026 5,085 17,244 15,392
Noninterest income        
Mortgage banking income 75 43 151 66
Bank owned life insurance income 105 103 316 288
Fair value adjustment of equity security 7 20 16 14
Loss on sale of debt securities 0 0 0 (32)
Gain on settlement of fair value hedge 0 0 94 0
Loss on sale of premises and equipment 0 (5) 0 (5)
Gain on insurance proceeds, net 73 0 73 143
Total noninterest income 551 451 1,520 1,329
Noninterest expense        
Salaries 2,178 1,878 6,576 5,848
Employee benefits 573 549 1,486 1,597
Occupancy 281 275 890 799
Furniture and equipment 370 327 1,185 897
Professional services 174 167 565 530
Automated teller machine and debit card expenses 71 173 407 474
Federal Deposit Insurance Corporation premiums 150 91 466 282
Postage, delivery, and armored carrier 62 72 204 217
Advertising 63 57 193 180
Other real estate owned expense/(income), net (13) 11 58 17
Other 500 471 1,607 1,466
Total noninterest expense 4,409 4,071 13,637 12,307
Income before income taxes 2,168 1,465 5,127 4,414
Income taxes 462 342 1,058 993
Net income $ 1,706 $ 1,123 $ 4,069 $ 3,421
Earnings per common share - basic (in dollars per share) $ 0.53 $ 0.36 $ 1.28 $ 1.09
Earnings per common share - diluted (in dollars per share) $ 0.53 $ 0.36 $ 1.28 $ 1.09
Deposit Account [Member]        
Noninterest income        
Service charges on deposit accounts $ 185 $ 209 $ 527 $ 621
Other fees and commissions 185 209 527 621
Financial Service, Other [Member]        
Noninterest income        
Service charges on deposit accounts 106 81 343 234
Other fees and commissions $ 106 $ 81 $ 343 $ 234