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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest income    
Interest and fees on loans $ 21,755 $ 19,218
Interest on investment securities: Taxable 1,763 1,744
Interest on investment securities: Exempt from federal income tax 45 53
Total investment income 1,808 1,797
Other 499 883
Total interest income 24,062 21,898
Interest expense    
Savings 43 48
Interest-bearing transaction accounts 5,200 4,701
Time deposits 1,440 1,517
Total interest on Deposits 6,683 6,266
Interest on short-term borrowings 20 461
Interest on long-term borrowings 1,343 1,359
Total Interest Expense 8,046 8,086
Net Interest income 16,016 13,812
Credit loss expense - loans 657 961
Credit loss credit - off-balance sheet credit exposures (1) (15)
Total credit loss expense 656 946
Net interest income after provision for credit losses 15,360 12,866
Other operating income    
Net gains on sales of residential mortgage loans 92 82
Net gains 92 82
Total other income 4,822 4,793
Total other operating income 4,914 4,875
Other operating expenses    
Salaries and employee benefits 7,331 7,157
FDIC premiums 245 269
Equipment expense 578 923
Occupancy expense of premises 689 954
Data processing expense 1,503 1,318
Marketing expense 238 134
Professional services 476 486
Contract labor 163 183
Telephone 98 109
Other real estate owned expense, net 92 86
Investor relations 62 53
Contributions 56 50
Other 1,045 1,159
Total other operating expenses 12,576 12,881
Income before income tax expense 7,698 4,860
Provision for income tax expense 1,892 1,162
Net Income $ 5,806 $ 3,698
Basic net income per share $ 0.9 $ 0.56
Diluted net income per share $ 0.89 $ 0.56
Weighted average number of basic shares outstanding 6,474 6,642
Weighted average number of diluted shares outstanding 6,490 6,655
Dividends declared per common share $ 0.22 $ 0.2
Service charges on deposit accounts    
Other operating income    
Total other income $ 547 $ 556
Other service charges    
Other operating income    
Total other income 206 215
Trust department    
Other operating income    
Total other income 2,323 2,188
Debit card income    
Other operating income    
Total other income 921 932
Bank owned life insurance    
Other operating income    
Total other income 341 326
Brokerage commissions    
Other operating income    
Total other income 421 495
Other    
Other operating income    
Total other income $ 63 $ 81