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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest and dividend income        
Interest and fees on loans $ 16,563 $ 14,540 $ 32,610 $ 27,912
Interest on debt securities:        
Taxable 1,314 1,057 2,726 2,150
Tax exempt 389 527 777 1,045
Dividends 199 104 402 184
Interest on federal funds sold and overnight deposits 178 194 330 637
Interest on interest bearing deposits in banks 78 130 171 245
Total interest and dividend income 18,721 16,552 37,016 32,173
Interest expense        
Interest on deposits 5,607 4,882 11,017 10,121
Interest on borrowed funds 2,526 2,044 4,998 3,275
Interest on subordinated notes 142 142 285 285
Total interest expense 8,275 7,068 16,300 13,681
    Net interest income 10,446 9,484 20,716 18,492
Credit loss expense 221 388 456 158
    Net interest income after credit loss expense 10,225 9,096 20,260 18,334
Noninterest income        
Wealth management income 295 273 571 528
Service fees 1,715 1,735 3,372 3,397
Net gains on sales of loans held for sale 480 341 869 628
Net gains on other investments 119 33 84 128
Other income 150 383 303 651
Total noninterest income 2,759 2,765 5,199 5,332
Noninterest expenses        
Salaries and wages 4,085 3,774 7,996 7,327
Employee benefits 1,971 1,631 3,552 3,120
Occupancy expense, net 547 544 1,199 1,113
Equipment expense 1,100 1,017 2,149 1,960
Other expenses 2,784 2,815 5,415 5,484
Total noninterest expenses 10,487 9,781 20,311 19,004
        Income before provision for income taxes 2,497 2,080 5,148 4,662
Provision for income taxes 102 61 252 226
Net income $ 2,395 $ 2,019 $ 4,896 $ 4,436
Basic earnings per common share (in usd per share) $ 0.53 $ 0.45 $ 1.08 $ 0.98
Diluted earnings per common share (in usd per share) $ 0.52 $ 0.45 $ 1.07 $ 0.98
Weighted average number of common shares outstanding (in shares) 4,544,460 4,521,829 4,541,427 4,520,519
Weighted average common and potential common shares for diluted EPS (in shares) 4,580,028 4,553,124 4,573,535 4,545,153
Dividends per common share (in usd per share) $ 0.36 $ 0.36 $ 0.72 $ 0.72