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Consolidated Statements of Earnings - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Interest income:        
Loans, including fees $ 7,451 $ 6,019 $ 14,441 $ 11,773
Securities - Taxable 1,371 1,826 2,782 3,691
Securities - Tax-exempt 74 404 148 807
Federal funds sold and interest bearing bank deposits 688 144 1,442 357
Total interest income 9,584 8,393 18,813 16,628
Interest expense:        
Deposits 2,874 1,482 5,444 2,600
Short-term borrowings 1 23 3 31
Total interest expense 2,875 1,505 5,447 2,631
Net interest income 6,709 6,888 13,366 13,997
Provision for credit losses (123) (362) 211 (296)
Net interest income after provision for loan losses 6,832 7,250 13,155 14,293
Noninterest income:        
Service charge on deposit accounts 153 154 309 308
Mortgage lending 180 142 330 235
Bank-owned life insurance income 99 68 201 224
Other noninterest income 464 427 943 816
Total noninterest income 896 791 1,783 1,583
Noninterest expense:        
Salaries and benefits 3,140 3,038 6,211 5,965
Net occupancy and equipment 603 787 1,366 1,586
Professional fees 314 299 640 637
Other noninterest expense 1,462 1,701 2,977 3,241
Total noninterest expense 5,519 5,825 11,194 11,429
Earnings before income taxes 2,209 2,216 3,744 4,447
Income tax expense 475 288 639 555
Net earnings $ 1,734 $ 1,928 $ 3,105 $ 3,892
Net earnings per share:        
Basic earnings per share $ 0.50 $ 0.55 $ 0.89 $ 1.11
Weighted average shares outstanding:        
Basic weighted average shares outstanding 3,493,699 3,500,064 3,493,681 3,501,098