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Consolidated Statement of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
INTEREST AND DIVIDEND INCOME        
Interest and fees on loans $ 25,122,000 $ 23,422,000 $ 48,509,000 $ 45,817,000
Interest-earning deposits in other institutions 325,000 386,000 616,000 823,000
Federal funds sold 120,000 122,000 275,000 274,000
Investment securities:        
Taxable interest 526,000 505,000 1,056,000 972,000
Tax-exempt interest 960,000 966,000 1,920,000 1,938,000
Dividends on stock 183,000 198,000 333,000 387,000
Total interest and dividend income 27,236,000 25,599,000 52,709,000 50,211,000
INTEREST EXPENSE        
Deposits 8,789,000 8,423,000 16,674,000 15,889,000
Short-term borrowings 870,000 1,920,000 2,217,000 3,913,000
Other borrowings 140,000 173,000 283,000 357,000
Total interest expense 9,799,000 10,516,000 19,174,000 20,159,000
NET INTEREST INCOME 17,437,000 15,083,000 33,535,000 30,052,000
Provision for (Recovery of) credit losses (506,000) 87,000 (411,000) (49,000)
NET INTEREST INCOME AFTER PROVISON FOR (RECOVERY OF) CREDIT LOSSES 17,943,000 14,996,000 33,946,000 30,101,000
NONINTEREST INCOME        
Loss on equity securities [1] (7,000) (27,000) (41,000) (79,000)
Earnings on bank-owned life insurance [1] 230,000 227,000 723,000 454,000
Gain on sale of loans [1] 39,000 69,000 63,000 79,000
Revenue from investment services 310,000 269,000 578,000 473,000
Gain on exchange of real estate 1,229,000 0 1,229,000 0
Gross rental income [1] 0 0 0 67,000
Total noninterest income 3,078,000 1,760,000 5,022,000 3,556,000
NONINTEREST EXPENSE        
Salaries and employee benefits 6,734,000 6,111,000 13,291,000 12,444,000
Occupancy expense 667,000 601,000 1,354,000 1,153,000
Equipment expense 248,000 261,000 473,000 501,000
Data processing and information technology costs 1,273,000 1,168,000 2,544,000 2,417,000
Ohio state franchise tax 399,000 397,000 798,000 794,000
Federal deposit insurance expense 267,000 256,000 534,000 507,000
Professional fees 521,000 557,000 1,119,000 1,115,000
Advertising expense 451,000 508,000 815,000 927,000
Software amortization expense 95,000 21,000 185,000 43,000
Core deposit intangible amortization 250,000 258,000 499,000 516,000
Loss on premises and equipment held for sale 693,000 0 693,000 0
Gross other real estate owned expenses 0 0 0 99,000
Other Noninterest Expense 2,053,000 1,764,000 3,539,000 3,351,000
Total noninterest expense 13,651,000 11,902,000 25,844,000 23,867,000
Income before income taxes 7,370,000 4,854,000 13,124,000 9,790,000
Income taxes 1,213,000 690,000 2,137,000 1,459,000
NET INCOME $ 6,157,000 $ 4,164,000 $ 10,987,000 $ 8,331,000
EARNINGS PER SHARE        
Basic (in dollars per share) $ 0.76 $ 0.52 $ 1.36 $ 1.04
Diluted (in dollars per share) $ 0.76 $ 0.52 $ 1.36 $ 1.03
Deposit Account [Member]        
NONINTEREST INCOME        
Noninterest income revenue $ 1,061,000 $ 971,000 $ 2,050,000 $ 1,880,000
Financial Service, Other [Member]        
NONINTEREST INCOME        
Noninterest income revenue $ 216,000 $ 251,000 $ 420,000 $ 682,000
[1] Not within scope of ASC 606