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Consolidated Statements of Income - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest and dividend income:        
Loans, including fees $ 5,052,000 $ 4,794,000 $ 10,160,000 $ 9,571,000
Taxable securities 1,609,000 1,187,000 2,986,000 2,193,000
Tax-exempt securities 40,000 38,000 80,000 76,000
Other interest income 18,000 6,000 25,000 11,000
Total interest income 6,719,000 6,025,000 13,251,000 11,851,000
Interest expense:        
Deposits 550,000 597,000 1,012,000 1,216,000
Short-term borrowings and repurchase agreements 22,000 21,000 35,000 53,000
FRB advances     0 18,000
Long-term debt 118,000 213,000 234,000 425,000
Other interest bearing liabilities 1,000 1,000 2,000 3,000
Total interest expense 691,000 832,000 1,283,000 1,715,000
Net interest income 6,028,000 5,193,000 11,968,000 10,136,000
Provision for loan losses 222,000 (200,000) 250,000 (279,000)
Net interest income after provision for loan losses 5,806,000 5,393,000 11,718,000 10,415,000
Non-interest income:        
Earnings on bank-owned life insurance and annuities 59,000 68,000 111,000 122,000
Gain (loss) on sales and calls of securities (1,074,000) 54,000 (1,074,000) 58,000
Change in value of equity securities (57,000) 8,000 (80,000) 101,000
Gain from life insurance proceeds 51,000   51,000 0
Other non-interest income 1,291,000 79,000 1,375,000 158,000
Total non-interest income 1,382,000 1,302,000 2,658,000 2,574,000
Non-interest expense:        
Employee compensation expense 2,213,000 2,062,000 4,235,000 4,031,000
Employee benefits 613,000 614,000 1,314,000 1,159,000
Occupancy 319,000 312,000 650,000 642,000
Equipment 184,000 192,000 359,000 381,000
Data processing expense 650,000 673,000 1,229,000 1,256,000
Professional fees 188,000 195,000 364,000 383,000
Taxes, other than income 133,000 119,000 264,000 243,000
FDIC Insurance premiums 72,000 70,000 164,000 151,000
Gain on other real estate owned     (7,000) (49,000)
Amortization of intangible assets 14,000 17,000 27,000 33,000
Amortization of investment in low-income housing partnerships 200,000 200,000 400,000 400,000
Other non-interest expense 442,000 413,000 893,000 825,000
Total non-interest expense 5,028,000 4,867,000 9,892,000 9,455,000
Income before income taxes 2,160,000 1,828,000 4,484,000 3,534,000
Income tax provision 177,000 89,000 386,000 160,000
Net income $ 1,983,000 $ 1,739,000 $ 4,098,000 $ 3,374,000
Earnings per share        
Basic $ 0.40 $ 0.35 $ 0.82 $ 0.67
Diluted $ 0.40 $ 0.35 $ 0.82 $ 0.67
Customer Service Fees [Member]        
Non-interest income:        
Non-interest income $ 362,000 $ 320,000 $ 719,000 $ 645,000
Debit Card fee Income [Member]        
Non-interest income:        
Non-interest income 435,000 451,000 845,000 864,000
Trust Fees [Member]        
Non-interest income:        
Non-interest income 95,000 115,000 250,000 227,000
Commissions from Sales of Non-Deposit Products [Member]        
Non-interest income:        
Non-interest income 112,000 105,000 216,000 185,000
Fees Derived From Loan Activity [Member]        
Non-interest income:        
Non-interest income 102,000 92,000 232,000 196,000
Mortgage Banking Income [Member]        
Non-interest income:        
Non-interest income $ 6,000 $ 10,000 $ 13,000 $ 18,000