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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest and dividend income    
Interest and fees on loans $ 16,047 $ 13,372
Interest on debt securities:    
Taxable 1,412 1,093
Tax exempt 388 518
Dividends 203 80
Interest on federal funds sold and overnight deposits 152 443
Interest on interest bearing deposits in banks 93 115
Total interest and dividend income 18,295 15,621
Interest expense    
Interest on deposits 5,410 5,239
Interest on borrowed funds 2,472 1,231
Interest on subordinated notes 143 143
Total interest expense 8,025 6,613
    Net interest income 10,270 9,008
Credit loss expense (benefit), net 235 (230)
    Net interest income after credit loss expense (benefit) 10,035 9,238
Noninterest income    
Wealth management income 276 255
Service fees 1,657 1,662
Net gains on sales of loans held for sale 389 287
Net (losses) gains on other investments (35) 95
Other income 153 268
Total noninterest income 2,440 2,567
Noninterest expenses    
Salaries and wages 3,911 3,553
Employee benefits 1,581 1,489
Occupancy expense, net 652 569
Equipment expense 1,049 943
Other expenses 2,631 2,669
Total noninterest expenses 9,824 9,223
        Income before provision for income taxes 2,651 2,582
Provision for income taxes 150 165
Net income $ 2,501 $ 2,417
Basic earnings per common share (in usd per share) $ 0.55 $ 0.53
Diluted earnings per common share (in usd per share) $ 0.55 $ 0.53
Weighted average number of common shares outstanding (in shares) 4,538,361 4,519,209
Weighted average common and potential common shares for diluted EPS (in shares) 4,566,970 4,537,181
Dividends per common share (in usd per share) $ 0.36 $ 0.36