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Consolidated Statements of Income - USD ($)
$ in Thousands
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 $ 10,506 $ 9,692 $ 29,173 $ 28,460
Due from banks 252 68 533 163
Federal funds sold 11 0 18 0
Securities:        
Taxable 1,297 853 3,409 2,414
Tax-exempt 272 186 732 558
Dividends and interest on all other securities 30 16 58 57
Total interest and dividend income 12,368 10,815 33,923 31,652
Interest Expense:        
Checking and savings deposits 147 243 471 693
Time deposits 312 441 993 1,536
Federal funds purchased, securities sold under agreements to repurchase and other borrowings 43 3 45 33
Long term borrowings 295 252 885 252
Total interest expense 797 939 2,394 2,514
Net interest income 11,571 9,876 31,529 29,138
Provision for loan losses 402 360 1,073 510
Net interest income after provision for loan losses 11,169 9,516 30,456 28,628
Noninterest Income:        
Bank-owned life insurance income 227 195 653 625
Mortgage banking income 86 460 419 2,029
Total noninterest income 3,365 3,606 10,380 11,278
Noninterest Expense:        
Salaries and employee benefits 6,821 6,558 19,854 19,012
Occupancy and equipment 1,184 1,185 3,488 3,510
Data processing 1,206 1,187 3,447 3,427
Customer development 136 78 298 225
Professional services 647 625 1,915 1,790
Employee professional development 230 154 769 487
Other taxes 212 186 637 608
ATM and other losses 112 68 226 224
Other operating expenses 1,017 887 2,734 2,738
Total noninterest expense 11,565 10,928 33,368 32,021
Income before income taxes 2,969 2,194 7,468 7,885
Income tax expense 427 286 1,003 1,123
Net income $ 2,542 $ 1,908 $ 6,465 $ 6,762
Basic Earnings per Share:        
Weighted average shares outstanding (in shares) 5,015,712 5,245,042 5,095,716 5,235,749
Net income per share of common stock (in dollars per share) $ 0.51 $ 0.36 $ 1.27 $ 1.29
Diluted Earnings per Share:        
Weighted average shares outstanding (in shares) 5,015,712 5,245,172 5,095,768 5,235,793
Net income per share of common stock (in dollars per share) $ 0.51 $ 0.36 $ 1.27 $ 1.29
Fiduciary and Asset Management Fees [Member]        
Noninterest Income:        
Noninterest revenue $ 953 $ 1,032 $ 3,086 $ 3,110
Service Charges on Deposit Accounts [Member]        
Noninterest Income:        
Noninterest revenue 795 691 2,278 1,997
Other Service Charges, Commissions and Fees [Member]        
Noninterest Income:        
Noninterest revenue 1,143 1,125 3,339 3,275
Other Operating Income [Member]        
Noninterest Income:        
Noninterest revenue $ 161 $ 103 $ 605 $ 242