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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
INTEREST AND DIVIDEND INCOME    
Loans, including fees $ 10,875 $ 10,209
Taxable securities 1,795 1,890
Nontaxable securities 75 88
Other 536 369
Total interest and dividend income 13,281 12,556
INTEREST EXPENSE    
Deposits 3,527 3,300
Short-term borrowings 67 100
Other borrowings 6 8
Total interest expense 3,600 3,408
NET INTEREST INCOME 9,681 9,148
Provision for credit loss expense - loans 408 603
(Recovery) provision for credit loss expense - off-balance sheet commitments (6) 549
Total provision for credit loss expense 402 1,152
NET INTEREST INCOME AFTER CREDIT LOSS EXPENSE 9,279 7,996
NONINTEREST INCOME    
Gain on sale of loans, net 49 36
Earnings on bank owned life insurance 216 188
Unrealized loss on equity securities 0 (6)
Other income 193 216
Total noninterest income 1,696 1,772
NONINTEREST EXPENSES    
Salaries and employee benefits 3,697 3,469
Occupancy expense 356 283
Equipment expense 206 224
Professional and director fees 413 332
Financial institutions tax 230 216
Marketing and public relations 105 128
Software expense 403 428
Debit card expense 211 189
FDIC insurance expense 150 135
Other expenses 710 738
Total noninterest expenses 6,481 6,142
Income before income taxes 4,494 3,626
FEDERAL INCOME TAX PROVISION 878 693
NET INCOME $ 3,616 $ 2,933
Basic net earnings per share $ 1.37 $ 1.1
Diluted net earnings per share $ 1.37 $ 1.1
Deposit Account [Member]    
NONINTEREST INCOME    
Noninterest income $ 295 $ 280
Fiduciary and Trust [Member]    
NONINTEREST INCOME    
Noninterest income 278 394
Debit Card [Member]    
NONINTEREST INCOME    
Noninterest income 515 507
Credit Card [Member]    
NONINTEREST INCOME    
Noninterest income $ 150 $ 157