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Consolidated Statements of Income - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest and dividend income:        
Loans, including fees $ 5,286,000 $ 4,800,000 $ 15,446,000 $ 14,371,000
Taxable securities 1,493,000 1,350,000 4,479,000 3,543,000
Tax-exempt securities 37,000 36,000 117,000 112,000
Other interest income 55,000 8,000 80,000 19,000
Total interest income 6,871,000 6,194,000 20,122,000 18,045,000
Interest expense:        
Deposits 680,000 555,000 1,692,000 1,771,000
Short-term borrowings and repurchase agreements 70,000 17,000 105,000 70,000
FRB advances     0 18,000
Long-term debt 118,000 216,000 352,000 641,000
Other interest bearing liabilities 4,000 2,000 6,000 5,000
Total interest expense 872,000 790,000 2,155,000 2,505,000
Net interest income 5,999,000 5,404,000 17,967,000 15,540,000
Provision for loan losses 100,000 (257,000) 350,000 (536,000)
Net interest income after provision for loan losses 5,899,000 5,661,000 17,617,000 16,076,000
Non-interest income:        
Earnings on bank-owned life insurance and annuities 53,000 64,000 164,000 186,000
Gain (loss) on sales and calls of securities (378,000)   (1,452,000) 58,000
Change in value of equity securities (30,000) 38,000 (110,000) 139,000
Gain from life insurance proceeds 329,000   380,000 0
Other non-interest income 75,000 91,000 1,450,000 249,000
Total non-interest income 1,310,000 1,306,000 3,968,000 3,880,000
Non-interest expense:        
Employee compensation expense 2,112,000 2,145,000 6,347,000 6,176,000
Employee benefits 544,000 563,000 1,858,000 1,722,000
Occupancy 298,000 293,000 948,000 935,000
Equipment 187,000 184,000 546,000 565,000
Data processing expense 665,000 709,000 1,894,000 1,965,000
Professional fees 223,000 226,000 587,000 609,000
Taxes, other than income 106,000 71,000 370,000 314,000
FDIC Insurance premiums 143,000 80,000 307,000 231,000
Gain on other real estate owned     (7,000) (49,000)
Amortization of intangible assets 14,000 16,000 41,000 49,000
Amortization of investment in low income housing partnerships 200,000 200,000 600,000 600,000
Other non-interest expense 495,000 441,000 1,388,000 1,266,000
Total non-interest expense 4,987,000 4,928,000 14,879,000 14,383,000
Income before income taxes 2,222,000 2,039,000 6,706,000 5,573,000
Income tax provision 102,000 142,000 488,000 302,000
Net income $ 2,120,000 $ 1,897,000 $ 6,218,000 $ 5,271,000
Earnings per share        
Basic $ 0.42 $ 0.38 $ 1.24 $ 1.05
Diluted $ 0.42 $ 0.38 $ 1.24 $ 1.05
Customer Service Fees [Member]        
Non-interest income:        
Non-interest income $ 394,000 $ 348,000 $ 1,113,000 $ 993,000
Debit Card fee Income [Member]        
Non-interest income:        
Non-interest income 422,000 423,000 1,267,000 1,287,000
Trust Fees [Member]        
Non-interest income:        
Non-interest income 128,000 111,000 378,000 338,000
Commissions from Sales of Non-Deposit Products [Member]        
Non-interest income:        
Non-interest income 86,000 86,000 302,000 271,000
Fees Derived From Loan Activity [Member]        
Non-interest income:        
Non-interest income 220,000 137,000 452,000 333,000
Mortgage Banking Income [Member]        
Non-interest income:        
Non-interest income $ 11,000 $ 8,000 $ 24,000 $ 26,000