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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest Income:    
Loans $ 11,148 $ 9,560
Taxable Investment Securities 6,915 7,500
Tax-exempt Investment Securities 34 149
Other 1,136 1,510
Total Interest Income 19,233 18,719
Interest Expense:    
Deposits 7,632 6,884
FHLB Advances and Other Borrowed Money 160 1,410
Subordinated Debentures 131 348
Junior Subordinated Debentures 81 95
Total Interest Expense 8,004 8,737
Net Interest Income 11,229 9,982
Provision for Credit Losses 0 335
Net Interest Income After Provision for Credit Losses 11,229 9,647
Non-Interest Income:    
Gain on Sale of Loans [1] 128 131
Commissions From Insurance Agency [1] 217 183
Trust Income 453 522
BOLI Income [1] 178 173
Other 299 171
Total Non-Interest Income 2,443 2,321
Non-Interest Expense:    
Compensation and Employee Benefits 5,797 5,542
Occupancy 857 813
Advertising 212 275
Depreciation and Maintenance of Equipment 385 475
FDIC Insurance Premiums 170 163
Consulting 176 172
Debit Card Expenses 384 339
Data Processing 406 339
Cloud Services 240 209
Other 1,213 1,308
Total Non-Interest Expense 9,840 9,635
Income Before Income Taxes 3,832 2,333
Provision for Income Taxes 826 580
Net Income 3,006 1,753
Preferred Stock Dividends 415 0
Net Income Available to Common Shareholders $ 2,591 $ 1,753
Net Income Per Common Share (Basic) (in dollars per share) $ 0.81 $ 0.54
Cash Dividend Per Share on Common Stock (in dollars per share) $ 0.15 $ 0.14
Weighted Average Shares Outstanding (Basic) (in shares) 3,186,793 3,228,666
Deposit Account [Member]    
Non-Interest Income:    
Fees income $ 302 $ 319
ATM and Credit Card [Member]    
Non-Interest Income:    
Fees income $ 866 $ 822
[1] Not within the scope of ASC 606