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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        
Interest and fees on loans $ 12,232 $ 5,732 $ 25,372 $ 16,315
Interest-bearing deposits in banks and time deposits 316 133 553 419
Federal funds sold 45 123 55 147
Securities:        
Taxable 1,224 471 2,244 1,413
Tax-exempt 501 299 1,089 915
Dividends 101 51 215 150
Total Interest and Dividend Income 14,419 6,809 29,528 19,359
Interest Expense        
Deposits 4,222 2,236 8,781 6,347
Federal Home Loan Bank advances 258 155 1,078 511
Federal Discount Window borrowings 0 117 0 348
Subordinated debt 75 0 76 0
Total Interest Expense 4,555 2,508 9,935 7,206
Net Interest Income 9,864 4,301 19,593 12,153
Provision for credit losses 4,228 138 4,390 169
Net Interest Income after provision for credit losses 5,636 4,163 15,203 11,984
Noninterest Income        
Gain on sale of premises [1] 0 0 52 0
Loss on sale of securities [1] (8) 0 (8) 0
Net marketable equity security gains (losses) [1] 60 (80) 57 (112)
Earnings on bank owned life insurance [1] 130 65 256 192
Bargain purchase gain [1] 17,827 0 17,827 0
Other [1] 203 40 323 150
Total Noninterest Income 19,068 410 20,181 1,390
Noninterest Expense        
Salaries and employee benefits 4,310 1,779 7,997 5,303
Net occupancy and equipment expense 442 270 1,040 871
Amortization of core deposit intangible 444 0 444 0
Data processing fees 252 171 598 514
Pennsylvania shares tax 108 114 332 335
Professional fees 112 30 191 108
Advertising expense 67 32 141 97
FDIC deposit insurance 127 64 263 190
Merger-related expenses 3,873 105 4,120 105
Other 1,187 345 2,023 1,041
Total Noninterest Expense 10,922 2,910 17,149 8,564
Income Before Income Taxes 13,782 1,663 18,235 4,810
Income Taxes 105 282 932 750
Net Income $ 13,677 $ 1,381 $ 17,303 $ 4,060
Earnings Per Share - Basic and Diluted (in dollars per share) $ 4.77 $ 0.74 $ 7.87 $ 2.18
Deposit Account [Member]        
Noninterest Income        
Noninterest income, revenues $ 225 $ 113 $ 486 $ 330
Credit and Debit Card [Member]        
Noninterest Income        
Noninterest income, revenues 368 201 738 579
Mortgage Banking [Member]        
Noninterest Income        
Noninterest income, revenues 134 52 243 187
Trust and Investment [Member]        
Noninterest Income        
Noninterest income, revenues $ 129 $ 19 $ 207 $ 64
[1] Not within the scope of ASC 606