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Consolidated Statements of Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Interest and Dividend Income        
Interest and fees on loans $ 15,712 $ 14,643 $ 45,786 $ 43,372
Interest and dividends on securities 1,124 995 3,750 2,989
Other income 923 366 1,616 878
Total interest and dividend income 17,759 16,004 51,152 47,239
Interest Expense        
Interest expense on deposits 5,443 5,567 15,071 16,071
Interest expense on borrowings 281 774 1,517 3,648
Total interest expense 5,724 6,341 16,588 19,719
Net interest income 12,035 9,663 34,564 27,520
Provision for Credit Losses 904 889 1,156 1,419
Net interest income after provision for credit losses 11,131 8,774 33,408 26,101
Non-interest Income (Loss)        
Service charges on deposit accounts 739 773 2,240 2,252
Net realized loss on sales of securities   (11,996)   (11,996)
Net gain on sales of loans 89 50 196 131
Increase in cash surrender value of life insurance 198 192 580 564
Net gain from sale of other real estate owned       4
Net loss on disposal of premises and equipment (1)   (1) (18)
Gain on life insurance   412   412
Investment advisory income 467 375 1,072 1,134
Other 447 202 1,205 721
Total non-interest income (loss) 1,939 (9,992) 5,292 (6,796)
Non-interest Expense        
Salaries and employee benefits 5,470 5,043 15,846 14,947
Occupancy 1,081 1,034 3,267 3,149
Data processing 524 505 1,583 1,521
Professional fees 501 510 1,470 1,382
Marketing 151 129 574 365
FDIC deposit insurance and other insurance 274 289 866 803
Amortization of intangible assets 16 19 53 60
Other 1,710 1,552 5,283 4,678
Total non-interest expense 9,727 9,081 28,942 26,905
Net income (loss) before income taxes 3,343 (10,299) 9,758 (7,600)
Net Provision (Benefit) for Income Taxes 648 (2,237) 2,049 (1,634)
Net income (loss) $ 2,695 $ (8,062) $ 7,709 $ (5,966)
Earnings (loss) per common share:        
Basic (in dollars per share) $ 0.25 $ (0.75) $ 0.71 $ (0.55)
Diluted (in dollars per share) $ 0.25 $ (0.75) $ 0.7 $ (0.55)
Weighted average shares outstanding, basic (in shares) 10,811,808 10,758,914 10,792,185 10,753,460
Weighted average shares outstanding, diluted (in shares) 10,982,343 10,758,914 10,957,275 10,753,460