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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest Income    
Loans, including fees $ 37,072 $ 35,200
Debt securities:    
U.S. Treasury and government agencies 2,097 1,045
Municipalities 382 394
Dividends 338 333
Federal funds sold 0 7
Other 1,113 1,675
Total interest income 41,002 38,654
Interest Expense    
Deposits 13,988 15,279
Federal funds purchased and securities sold under agreements to repurchase 271 284
Borrowed funds 2,550 2,689
Subordinated notes 284 284
Total interest expense 17,093 18,536
Net Interest Income - Before Provision for Credit Losses 23,909 20,118
Provision for (Recovery of) Credit Losses - Loans 811 (289)
Recovery of Credit Losses - Off Balance Sheet Credit Exposures (260) (266)
Net Interest Income - After Provision for Credit Losses 23,358 20,673
Noninterest Income    
Interchange income 1,421 1,429
Loan servicing income 762 539
Net gain on sale of loans 284 107
Increase in cash surrender value of bank owned life insurance 244 216
Loss on sale of other assets owned (54) 0
Total noninterest income 4,162 3,946
Noninterest Expense    
Salaries and wages 7,878 7,846
Employee benefits 2,404 2,171
Net occupancy expense 1,199 1,027
Furniture and equipment 1,278 1,353
Data processing 557 500
Franchise taxes 397 555
ATM expense 491 473
Advertising 503 530
FDIC assessment 465 580
Servicing rights amortization - net 127 168
Loan expense 228 229
Consulting fees 745 186
Professional Fees 559 445
Intangible asset amortization 445 445
Other general and administrative 1,484 1,333
Total noninterest expense 18,760 17,841
Income Before Income Taxes 8,760 6,778
Income Taxes 1,808 1,419
Net Income $ 6,952 $ 5,359
Basic Earnings Per Share $ 0.51 $ 0.39
Diluted Earnings Per Share 0.51 0.39
Dividends Declared $ 0.22125 $ 0.22
Customer Service Fees [Member]    
Noninterest Income    
Noninterest income $ 381 $ 598
Other Service Charges and Fees [Member]    
Noninterest Income    
Noninterest income $ 1,124 $ 1,057