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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest Income    
Interest and fees on loans $ 12,942 $ 10,277
Interest on federal funds sold 3 0
Interest on interest-bearing deposits 1,039 1,129
Interest on securities – taxable 3,883 4,276
Interest on securities – nontaxable 336 339
Total interest income 18,203 16,021
Interest Expense    
Interest on time deposits 3,145 2,552
Interest on other deposits 4,802 5,224
Total interest expense 7,947 7,776
Net interest income 10,256 8,245
Provision for (recovery of) credit losses 276 (10)
Net interest income after provision for (recovery of) credit losses 9,980 8,255
Noninterest Income:    
Noninterest Income 2,149 1,903
BOLI income 292 258
Gain on sale of mortgage loans held for sale 25 24
Other income 443 319
Total noninterest income 2,555 2,199
Noninterest Expense    
Salaries and employee benefits 5,188 4,466
Occupancy, furniture and fixtures 656 539
Data processing and ATM 1,078 867
FDIC assessment 207 187
Intangible asset amortization 97 0
Franchise taxes 373 350
Professional services 299 240
Merger-related expense 0 484
Conversion expense 46 0
Other operating expenses 689 629
Total noninterest expense 8,633 7,762
Income before income tax expense 3,902 2,692
Income tax expense 666 518
Net Income $ 3,236 $ 2,174
Basic net income per common share (in dollars per share) $ 0.51 $ 0.37
Diluted net income per common share $ 0.51 $ 0.37
Weighted average number of common shares outstanding, basic (in shares) 6,358,410 5,889,687
Weighted average number of common shares outstanding, diluted 6,360,392 5,891,651
Deposit Account [Member]    
Noninterest Income:    
Noninterest Income $ 736 $ 675
Product and Service, Other [Member]    
Noninterest Income:    
Noninterest Income 63 46
Credit and Debit Card [Member]    
Noninterest Income:    
Noninterest Income 417 374
Fiduciary and Trust [Member]    
Noninterest Income:    
Noninterest Income $ 579 $ 503