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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Interest and dividend income:    
Loans, including fees $ 31,521 $ 28,099
Taxable securities 1,687 3,023
Tax exempt securities 74 251
Interest-earning deposits 303 325
Total interest and dividend income 33,585 31,698
Interest expense:    
Deposits 8,539 11,156
Borrowed funds 1,462 725
Total interest expense 10,001 11,881
Net interest income 23,584 19,817
Provision for credit losses 601 1,092
Net interest income after provision for credit losses 22,983 18,725
Non-interest income:    
Changes in fair value of equity investments (71) (47)
Net gains on sales of loans held for sale 21 40
Net gains (losses) on sales of other real estate owned 0 (11)
Income from bank-owned life insurance 7 8
Other 1,153 875
Total non-interest income 6,320 5,889
Non-interest expense:    
Salaries and wages 7,600 7,209
Pension and other employee benefits 2,122 1,922
Other components of net periodic pension and postretirement benefits (142) (113)
Net occupancy 1,528 1,533
Furniture and equipment 409 373
Data processing 2,536 2,534
Professional services 691 638
Marketing and advertising 241 339
Other real estate owned 8 11
FDIC insurance 315 439
Loan expense 334 278
Other 1,820 1,764
Total non-interest expense 17,462 16,927
Income before income tax expense 11,841 7,687
Income tax expense 2,642 1,664
Net income $ 9,199 $ 6,023
Weighted average shares outstanding, basic (in shares) 4,824,821 4,790,880
Weighted average shares outstanding, diluted (in shares) 4,824,821 4,790,880
Basic earnings (loss) per share (in dollars per share) $ 1.91 $ 1.26
Diluted earnings (loss) per share (in dollars per share) $ 1.91 $ 1.26
WMG fee income    
Non-interest income:    
Revenues from contracts with customer $ 3,145 $ 2,867
Service charges on deposit accounts    
Non-interest income:    
Revenues from contracts with customer 1,051 1,120
Interchange revenue from debit card transactions    
Non-interest income:    
Revenues from contracts with customer $ 1,014 $ 1,037