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Consolidated Statements of Earnings - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Interest income:        
Loans, including fees $ 7,641 $ 6,373 $ 22,082 $ 18,146
Securities - Taxable 1,327 1,783 4,109 5,474
Securities - Tax-exempt 77 402 225 1,209
Federal funds sold and interest bearing bank deposits 914 85 2,356 442
Total interest income 9,959 8,643 28,772 25,271
Interest expense:        
Deposits 3,169 2,334 8,613 4,934
Short-term borrowings 0 37 3 68
Total interest expense 3,169 2,371 8,616 5,002
Net interest income 6,790 6,272 20,156 20,269
Provision for credit losses (127) 105 84 (191)
Net interest income after provision for loan losses 6,917 6,167 20,072 20,460
Noninterest income:        
Service charge on deposit accounts 154 148 463 456
Mortgage lending 133 110 463 345
Bank-owned life insurance income 100 87 301 311
Other noninterest income 459 520 1,402 1,336
Total noninterest income 846 865 2,629 2,448
Noninterest expense:        
Salaries and benefits 3,148 2,844 9,359 8,809
Net occupancy and equipment 614 755 1,980 2,341
Professional fees 291 261 931 898
Other noninterest expense 1,447 1,502 4,424 4,743
Total noninterest expense 5,500 5,362 16,694 16,791
Earnings before income taxes 2,263 1,670 6,007 6,117
Income tax expense 531 182 1,170 737
Net earnings $ 1,732 $ 1,488 $ 4,837 $ 5,380
Net earnings per share:        
Basic earnings per share $ 0.50 $ 0.43 $ 1.38 $ 1.54
Weighted average shares outstanding:        
Basic weighted average shares outstanding 3,493,699 3,496,411 3,493,687 3,499,518