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Consolidated Statements of Income - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest income:      
Interest and fees on loans $ 12,945,000 $ 11,135,000 $ 12,592,000
Interest and dividends on securities:      
U. S. Treasuries 6,560,000 3,173,000 663,000
U.S. Government agencies     95,000
Mortgage-backed securities 3,621,000 2,586,000 2,076,000
Collateralized mortgage obligations 3,495,000 1,919,000 860,000
States and political subdivisions 4,278,000 4,460,000 3,903,000
Other investments 122,000 27,000 8,000
Interest on balances due from depository institutions 1,608,000 408,000 95,000
Total interest income 32,629,000 23,708,000 20,292,000
Interest expense:      
Deposits 5,746,000 1,985,000 806,000
Borrowings from Federal Home Loan Bank 409,000 173,000 24,000
Total interest expense 6,155,000 2,158,000 830,000
Net interest income 26,474,000 21,550,000 19,462,000
Provision for (reduction of) allowance for credit losses (272,000) 80,000 (5,663,000)
Net interest income after provision for (reduction of) allowance for credit losses 26,746,000 21,470,000 25,125,000
Non-interest income:      
(Loss) gain on liquidation, sales and calls of securities     (45,000)
Increase in cash surrender value of life insurance 485,000 445,000 435,000
Gain on sale of buildings 30,000 (0) (0)
Other income 597,000 771,000 586,000
Total non-interest income 6,894,000 6,895,000 6,470,000
Non-interest expense:      
Salaries and employee benefits 11,144,000 11,341,000 10,614,000
Net occupancy 2,087,000 1,755,000 1,918,000
Equipment rentals, depreciation and maintenance 2,774,000 2,905,000 2,914,000
Other expense 6,348,000 5,854,000 7,176,000
Total non-interest expense 22,353,000 21,855,000 22,622,000
Income before income taxes 11,287,000 6,510,000 8,973,000
Income tax (benefit) expense 2,121,000 (2,431,000) 62,000
Net income $ 9,166,000 $ 8,941,000 $ 8,911,000
Basic and diluted earnings per share (in dollars per share) $ 1.96 $ 1.91 $ 1.84
Dividends declared per share (in dollars per share) $ 0.53 $ 0.19 $ 0.16
Trust Department Income and Fees [Member]      
Non-interest income:      
Revenue from contract with customer $ 2,352,000 $ 2,001,000 $ 1,849,000
Service Charges on Deposit Accounts [Member]      
Non-interest income:      
Revenue from contract with customer $ 3,430,000 $ 3,678,000 $ 3,645,000