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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Interest Income    
Interest and fees on loans $ 47,884 $ 38,924
Interest on federal funds sold 26 0
Interest on interest-bearing deposits 4,070 1,982
Interest on securities - taxable 16,797 16,536
Interest on securities – nontaxable 1,345 1,391
Total interest income 70,122 58,833
Interest Expense    
Interest on time deposits 12,381 4,989
Interest on other deposits 21,342 16,261
Interest on borrowings 2 300
Total interest expense 33,725 21,550
Net interest income 36,397 37,283
Provision for (recovery of) credit losses 1,227 (1,261)
Net interest income after provision for (recovery of) credit losses 35,170 38,544
Noninterest Income:    
Noninterest Income 7,474 7,072
Gain on sale of mortgage loans 168 107
BOLI income 1,120 2,026
Gain on sale of investment 0 2,971
Other income 920 1,193
Realized securities loss, net 0 (3,332)
Total noninterest income 8,960 9,359
Noninterest Expense    
Salaries and employee benefits 19,214 17,318
Occupancy, furniture and fixtures 2,339 2,005
Data processing and ATM 3,923 3,549
FDIC assessment 812 749
Intangible asset amortization 237 0
Net costs of other real estate owned 0 31
Franchise taxes 1,454 1,422
Professional services 1,051 1,739
Merger-related expenses 2,916 0
Contract termination 173 0
Other operating expenses 2,889 2,415
Total noninterest expense 35,008 29,228
Income before income tax expense 9,122 18,675
Income tax expense 1,499 2,984
Net income $ 7,623 $ 15,691
Basic net income per common share (in dollars per share) $ 1.24 $ 2.66
Fully diluted net income per common share (in dollars per share) $ 1.24 $ 2.66
Weighted average number of common shares outstanding, basic (in shares) 6,161,428 5,889,687
Weighted average number of common shares outstanding, fully diluted (in shares) 6,163,610 5,889,953
Dividends declared per common share (in dollars per share) $ 1.51 $ 2.51
Deposit Account [Member]    
Noninterest Income:    
Noninterest Income $ 2,898 $ 2,518
Product and Service, Other [Member]    
Noninterest Income:    
Noninterest Income 229 297
Credit and Debit Card [Member]    
Noninterest Income:    
Noninterest Income 1,448 1,678
Fiduciary and Trust [Member]    
Noninterest Income:    
Noninterest Income $ 2,177 $ 1,901