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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
INTEREST AND DIVIDEND INCOME    
Loans, including fees $ 35,707 $ 26,015
Taxable securities 7,803 6,665
Nontaxable securities 399 436
Other 2,107 1,703
Total interest and dividend income 46,016 34,819
INTEREST EXPENSE    
Deposits 9,499 2,335
Short-term borrowings 336 106
Other borrowings 40 55
Total interest expense 9,875 2,496
NET INTEREST INCOME 36,141 32,323
CREDIT LOSS EXPENSE    
Provision (recovery) for credit loss expense - loans 198 (895)
Provision for credit loss expense - off-balance sheet commitments 244  
Total provision (recovery) for credit loss expense 442 (895)
NET INTEREST INCOME AFTER CREDIT LOSS EXPENSE 35,699 33,218
NONINTEREST INCOME    
Gain on sale of loans, net 161 331
Earnings on bank owned life insurance 702 674
Unrealized gain (loss) on equity securities 15 (3)
Other income 836 799
Total noninterest income 6,744 6,711
NONINTEREST EXPENSES    
Salaries and employee benefits 13,673 13,446
Occupancy expense 1,138 1,085
Equipment expense 792 781
Professional and director fees 1,471 1,551
Financial institutions tax 767 779
Marketing and public relations 549 551
Software expense 1,651 1,429
Debit card expense 682 734
FDIC insurance expense 514 345
Other expenses 2,823 2,692
Total noninterest expenses 24,060 23,393
INCOME BEFORE INCOME TAXES 18,383 16,536
Federal income tax provision 3,627 3,223
NET INCOME $ 14,756 $ 13,313
EARNINGS PER SHARE    
Earnings per share basic $ 5.51 $ 4.91
Earnings per share diluted $ 5.51 $ 4.91
Weighted average shares outstanding basic 2,679,902 2,714,045
Weighted average shares outstanding diluted 2,679,902 2,714,045
Deposit Account [Member]    
NONINTEREST INCOME    
Noninterest income $ 1,209 $ 1,174
Fiduciary and Trust [Member]    
NONINTEREST INCOME    
Noninterest income 1,013 954
Debit Card [Member]    
NONINTEREST INCOME    
Noninterest income 2,107 2,105
Credit Card [Member]    
NONINTEREST INCOME    
Noninterest income $ 701 $ 677