XML 16 R4.htm IDEA: XBRL DOCUMENT v3.25.3
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Interest and dividend income:        
Loans, including fees $ 31,033 $ 28,611 $ 88,567 $ 83,323
Taxable securities 1,653 3,060 7,206 9,868
Tax exempt securities 80 250 545 762
Interest-earning deposits 1,118 441 2,298 1,014
Total interest and dividend income 33,884 32,362 98,616 94,967
Interest expense:        
Deposits 10,171 13,005 32,403 37,861
Borrowed funds 1,025 969 2,900 2,868
Total interest expense 11,196 13,974 35,303 40,729
Net interest income 22,688 18,388 63,313 54,238
Provision (credit) for credit losses 1,064 564 3,301 (597)
Net interest income after provision for credit losses 21,624 17,824 60,012 54,835
Non-interest income:        
Net (losses) on securities transactions 0 0 (17,498) 0
Changes in fair value of equity investments 136 118 197 233
Net gains on sales of loans held for sale 78 91 169 162
Net gains (losses) on sales of other real estate owned 0 (19) (8) (22)
Income from bank-owned life insurance 8 10 24 29
Other 732 589 3,013 1,962
Total non-interest income 6,088 5,919 1,272 17,174
Non-interest expense:        
Salaries and wages 7,925 7,168 22,713 21,007
Pension and other employee benefits 2,298 1,627 6,332 5,787
Other components of net periodic pension and postretirement benefits (113) (227) (339) (691)
Net occupancy 1,371 1,422 4,335 4,360
Furniture and equipment 399 402 1,227 1,197
Data processing 2,534 2,567 7,631 7,437
Professional services 636 522 2,079 1,639
Marketing and advertising 203 210 893 943
Other real estate owned 8 55 22 116
FDIC insurance 352 524 1,225 1,617
Loan expense 262 353 836 808
Other 1,770 1,887 5,387 5,207
Total non-interest expense 17,645 16,510 52,341 49,427
Income before income tax expense 10,067 7,233 8,943 22,582
Income tax expense 2,275 1,513 1,580 4,825
Net income $ 7,792 $ 5,720 $ 7,363 $ 17,757
Weighted average shares outstanding, basic (in shares) 4,810,682 4,772,889 4,802,228 4,768,640
Weighted average shares outstanding, diluted (in shares) 4,810,682 4,772,889 4,802,228 4,768,640
Basic earnings (loss) per share (in dollars per share) $ 1.62 $ 1.19 $ 1.53 $ 3.72
Diluted earnings (loss) per share (in dollars per share) $ 1.62 $ 1.19 $ 1.53 $ 3.72
WMG fee income        
Non-interest income:        
Revenues from contracts with customer $ 2,967 $ 2,991 $ 8,827 $ 8,554
Service charges on deposit accounts        
Non-interest income:        
Revenues from contracts with customer 1,094 1,016 3,328 2,929
Interchange revenue from debit card transactions        
Non-interest income:        
Revenues from contracts with customer $ 1,073 $ 1,123 $ 3,220 $ 3,327