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Unaudited Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest Income        
Loans, including fees $ 28,965 $ 28,926 $ 56,293 $ 59,043
Interest-bearing time deposits in other banks 145 246 246 499
Debt securities, taxable 278 951 561 1,963
Debt securities, tax-exempt 63 71 126 144
Other interest and dividend income 2,330 2,242 4,997 4,074
Total interest income 31,781 32,436 62,223 65,723
Interest Expense        
Deposits 10,043 11,204 19,643 22,481
Total interest expense 10,043 11,204 19,643 22,481
Net Interest Income 21,738 21,232 42,580 43,242
Provision for Credit Losses 0 0 0 0
Net Interest Income After Provision for Credit Losses 21,738 21,232 42,580 43,242
Noninterest Income        
Mortgage lending income 520 78 610 129
Service charges on deposit accounts 232 260 450 509
Other 1,949 2,827 3,396 4,536
Total noninterest income 2,701 3,165 4,456 5,174
Noninterest Expense        
Salaries and employee benefits 5,721 5,118 11,000 10,407
Furniture and equipment 361 324 612 554
Occupancy 630 613 1,222 1,273
Data and item processing 590 481 1,100 939
Accounting, marketing and legal fees 158 264 263 364
Regulatory assessments 213 336 297 723
Advertising and public relations 223 83 417 229
Travel, lodging and entertainment 121 131 177 183
Other 1,715 1,792 3,528 3,606
Total noninterest expense 9,732 9,142 18,616 18,278
Income Before Taxes 14,707 15,255 28,420 30,138
Income tax expense 3,602 3,731 6,979 7,326
Net Income $ 11,105 $ 11,524 $ 21,441 $ 22,812
Earnings per common share - basic (in Dollars per share) $ 1.18 $ 1.25 $ 2.27 $ 2.47
Earnings per common share - diluted (in Dollars per share) $ 1.16 $ 1.23 $ 2.25 $ 2.44
Weighted average common shares outstanding - basic (in Shares) 9,449,152 9,250,332 9,435,414 9,235,176
Weighted average common shares outstanding - diluted (in Shares) 9,545,128 9,367,247 9,548,583 9,343,047
Other Comprehensive Income (Loss)        
Unrealized gains (losses) on securities, net of tax expense of $189 and $123 for the three months ended June 30, 2025 and 2024, respectively; net of tax expense of $419 and $123 for the six months ended June 30, 2025 and 2024, respectively $ 587 $ (59) $ 1,229 $ 397
Other comprehensive income (loss) 587 (59) 1,229 397
Comprehensive Income $ 11,692 $ 11,465 $ 22,670 $ 23,209