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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Interest income:      
Interest and fees on loans $ 14,821,000 $ 12,945,000 $ 11,135,000
Interest and dividends on securities:      
U. S. Treasuries 7,108,000 6,560,000 3,173,000
Mortgage-backed securities 2,397,000 3,621,000 2,586,000
Collateralized mortgage obligations 3,040,000 3,495,000 1,919,000
States and political subdivisions 3,808,000 4,278,000 4,460,000
Other investments 144,000 105,000 22,000
Interest on balances due from depository institutions 1,776,000 1,625,000 413,000
Total interest income 33,094,000 32,629,000 23,708,000
Interest expense:      
Deposits 7,637,000 5,746,000 1,985,000
Borrowings 2,006,000 409,000 173,000
Total interest expense 9,643,000 6,155,000 2,158,000
Net interest income 23,451,000 26,474,000 21,550,000
Provision for (reduction of) credit losses (162,000) (272,000) 80,000
Net interest income after provision for (reduction of) credit losses 23,613,000 26,746,000 21,470,000
Non-interest income:      
Increase in cash surrender value of life insurance 532,000 485,000 445,000
Gain (loss) on sale of property, plant and equipment, net 9,000 30,000 0
Other income 813,000 788,000 994,000
Total non-interest income 7,014,000 6,894,000 6,895,000
Non-interest expense:      
Salaries and employee benefits 10,499,000 11,144,000 11,341,000
Net occupancy 2,185,000 2,087,000 1,755,000
Equipment rentals, depreciation and maintenance 3,003,000 2,774,000 2,905,000
Other expense 6,560,000 6,348,000 5,854,000
Total non-interest expense 22,247,000 22,353,000 21,855,000
Income before income taxes 8,380,000 11,287,000 6,510,000
Income tax (benefit) expense (13,323,000) 2,121,000 (2,431,000)
Net income $ 21,703,000 $ 9,166,000 $ 8,941,000
Basic earnings per share (in dollars per share) $ 4.66 $ 1.96 $ 1.91
Diluted earnings per share (in dollars per share) 4.66 1.96 1.91
Dividends declared per share (in dollars per share) $ 0.44 $ 0.53 $ 0.19
Trust department income and fees      
Non-interest income:      
Revenue from Contract with Customer, Including Assessed Tax $ 2,482,000 $ 2,352,000 $ 2,001,000
Service charges on deposit accounts      
Non-interest income:      
Revenue from Contract with Customer, Including Assessed Tax $ 3,178,000 $ 3,239,000 $ 3,455,000