XML 20 R4.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Interest and Dividend Income    
Interest and fees on loans $ 58,371 $ 55,077
Interest and dividends on securities 4,274 4,409
Other income 1,113 1,173
Total interest and dividend income 63,758 60,659
Interest Expense    
Interest expense on deposits 21,294 17,617
Interest expense on borrowings 4,233 5,077
Total interest expense 25,527 22,694
Net interest income 38,231 37,965
Provision for Credit Losses 2,800 1,702
Net interest income after provision for credit losses 35,431 36,263
Non-interest (Loss) Income    
Service charges on deposit accounts 3,002 2,880
Net realized loss on sales of securities (16,041)  
Net gain on sales of loans 160 118
Increase in cash surrender value of life insurance 751 665
Net gain from sale of other real estate owned 4  
Net (loss) gain on disposal of premises and equipment (18) 46
Gain on life insurance 413 221
Investment advisory income 1,532 1,164
Other 677 686
Total non-interest (loss) income (9,520) 5,780
Non-interest Expense    
Salaries and employee benefits 20,372 19,459
Occupancy 4,266 4,256
Data processing 2,041 2,015
Professional fees 1,930 1,919
Marketing 588 555
FDIC deposit insurance and other insurance 1,105 1,232
Other real estate owned expense   3
Amortization of intangible assets 80 88
Write-down on branch held for sale   375
Other 6,466 6,527
Total non-interest expense 36,848 36,429
Net (loss) income before income taxes (10,937) 5,614
Net (Benefit) Provision for Income Taxes (2,317) 1,219
Net (loss) income $ (8,620) $ 4,395
Earnings (loss) per common share:    
Basic (in dollars per share) $ (0.8) $ 0.41
Diluted (in dollars per share) $ (0.8) $ 0.4
Weighted average shares outstanding, basic (in shares) 10,757,750 10,789,009
Weighted average shares outstanding, diluted (in shares) 10,757,750 10,855,552