XML 14 R4.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest and dividend income:    
Loans, including fees $ 14,544 $ 13,041
Due from banks 799 64
Federal funds sold 9 6
Securities:    
Taxable 1,798 1,764
Tax-exempt 139 212
Dividends and interest on all other securities 94 66
Total interest and dividend income 17,383 15,153
Interest expense:    
Checking and savings deposits 2,597 854
Time deposits 2,172 537
Federal funds purchased, securities sold under agreements to repurchase and other borrowings 1 37
Federal Home Loan Bank advances 778 295
Long-term borrowings 295 617
Total interest expense 5,843 2,340
Net interest income 11,540 12,813
Provision for credit losses 80 376
Net interest income after provision for credit losses 11,460 12,437
Noninterest income:    
Bank-owned life insurance income 265 254
Mortgage banking income 16 95
Gain on sale of repossessed assets 22 0
Total noninterest income 3,222 3,421
Noninterest expense:    
Salaries and employee benefits 7,831 7,363
Occupancy and equipment 1,173 1,195
Data processing 1,315 1,179
Customer development 55 113
Professional services 585 673
Employee professional development 211 234
Other taxes 261 213
ATM and other losses 231 255
Other operating expenses 1,041 943
Total noninterest expense 12,703 12,168
Income before income taxes 1,979 3,690
Income tax expense 262 607
Net income $ 1,717 $ 3,083
Basic Earnings per Share:    
Weighted average shares outstanding (in shares) 5,039,819 4,999,887
Net income per share of common stock (in dollars per share) $ 0.34 $ 0.62
Diluted Earnings per Share:    
Weighted average shares outstanding (in shares) 5,039,876 5,000,020
Net income per share of common stock (in dollars per share) $ 0.34 $ 0.62
Fiduciary and Asset Management Fees [Member]    
Noninterest income:    
Noninterest revenue $ 1,192 $ 1,116
Service Charges on Deposit Accounts [Member]    
Noninterest income:    
Noninterest revenue 758 753
Other Service Charges, Commissions and Fees [Member]    
Noninterest income:    
Noninterest revenue 883 1,109
Other Operating Income [Member]    
Noninterest income:    
Noninterest revenue $ 86 $ 94