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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Interest and dividend income:        
Loans, including fees $ 14,733 $ 14,311 $ 44,319 $ 41,537
Due from banks 1,842 838 3,728 995
Federal funds sold 11 9 32 24
Securities:        
Taxable 1,732 1,788 5,291 5,324
Tax-exempt 138 159 416 580
Dividends and interest on all other securities 64 84 235 229
Total interest and dividend income 18,520 17,189 54,021 48,689
Interest expense:        
Checking and savings deposits 2,940 2,060 8,236 4,483
Time deposits 2,554 2,456 7,063 4,412
Federal funds purchased, securities sold under agreements to repurchase and other borrowings 0 0 2 39
Federal Home Loan Bank advances 420 952 1,868 2,532
Long-term borrowings 296 295 886 885
Total interest expense 6,210 5,763 18,055 12,351
Net interest income 12,310 11,426 35,966 36,338
Provision for credit losses 282 505 623 1,242
Net interest income after provision for credit losses 12,028 10,921 35,343 35,096
Noninterest income:        
Bank-owned life insurance income 285 263 820 776
Mortgage banking income (loss) (2) 144 16 351
Gain (loss) on sale of available-for-sale securities, net 0 30 0 (134)
Loss on sale of repossessed assets (25) 0 (61) (69)
Gain on sale of fixed assets 0 0 0 200
Total noninterest income 3,472 3,482 10,165 10,380
Noninterest expense:        
Salaries and employee benefits 7,382 7,830 22,408 23,236
Occupancy and equipment 1,242 1,241 3,788 3,691
Data processing 1,304 1,300 4,012 3,743
Customer development 113 159 344 373
Professional services 966 636 2,231 2,065
Employee professional development 191 257 569 780
Other taxes 268 251 805 698
Other operating expenses 928 1,207 3,264 3,610
Total noninterest expense 12,394 12,881 37,421 38,196
Income before income taxes 3,106 1,522 8,087 7,280
Income tax expense 724 160 1,459 1,033
Net income $ 2,382 $ 1,362 $ 6,628 $ 6,247
Basic Earnings per Share:        
Weighted average shares outstanding (in shares) 5,076,957 5,037,558 5,060,440 5,020,269
Net income per share of common stock (in dollars per share) $ 0.47 $ 0.27 $ 1.31 $ 1.24
Diluted Earnings per Share:        
Weighted average shares outstanding (in shares) 5,076,957 5,037,662 5,060,505 5,020,447
Net income per share of common stock (in dollars per share) $ 0.47 $ 0.27 $ 1.31 $ 1.24
Fiduciary and Asset Management Fees [Member]        
Noninterest income:        
Noninterest revenue $ 1,126 $ 1,012 $ 3,447 $ 3,282
Service Charges on Deposit Accounts [Member]        
Noninterest income:        
Noninterest revenue 858 751 2,453 2,297
Other Service Charges, Commissions and Fees [Member]        
Noninterest income:        
Noninterest revenue 1,070 1,119 3,103 3,255
Other Operating Income [Member]        
Noninterest income:        
Noninterest revenue $ 160 $ 163 $ 387 $ 422