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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
INTEREST AND DIVIDEND INCOME        
Loans, including fees $ 11,497 $ 10,219 $ 22,372 $ 20,428
Taxable securities 1,678 1,817 3,473 3,707
Nontaxable securities 75 88 150 176
Other 678 379 1,214 748
Total interest and dividend income 13,928 12,503 27,209 25,059
INTEREST EXPENSE        
Deposits 3,515 3,489 7,042 6,789
Short-term borrowings 62 81 129 181
Other borrowings 6 8 12 16
Total interest expense 3,583 3,578 7,183 6,986
NET INTEREST INCOME 10,345 8,925 20,026 18,073
Provision for credit loss expense - loans 639 3,697 1,047 4,300
Recovery of credit loss expense - off-balance sheet commitments (25) (808) (31) (259)
Total provision for credit loss expense 614 2,889 1,016 4,041
NET INTEREST INCOME AFTER CREDIT LOSS EXPENSE 9,731 6,036 19,010 14,032
NONINTEREST INCOME        
Gain on sale of loans, net 81 73 130 109
Earnings on bank owned life insurance 229 194 445 382
Unrealized gain (loss) on equity securities 6 (23) 6 (29)
Other income 195 230 388 446
Total noninterest income 1,777 1,741 3,473 3,513
NONINTEREST EXPENSES        
Salaries and employee benefits 3,921 3,056 7,618 6,525
Occupancy expense 352 294 708 577
Equipment expense 223 201 429 425
Professional and director fees 392 437 805 769
Financial institutions tax 233 216 463 432
Marketing and public relations 154 142 259 270
Software expense 441 414 844 842
Debit card expense 198 193 409 382
FDIC insurance expense 135 129 285 264
Other expenses 829 732 1,539 1,470
Total noninterest expenses 6,878 5,814 13,359 11,956
Income before income taxes 4,630 1,963 9,124 5,589
FEDERAL INCOME TAX PROVISION 903 348 1,781 1,041
NET INCOME $ 3,727 $ 1,615 $ 7,343 $ 4,548
Basic net earnings per share $ 1.41 $ 0.61 $ 2.78 $ 1.71
Diluted net earnings per share $ 1.41 $ 0.61 $ 2.78 $ 1.71
Deposit Account [Member]        
NONINTEREST INCOME        
Noninterest income $ 297 $ 291 $ 592 $ 571
Fiduciary and Trust [Member]        
NONINTEREST INCOME        
Noninterest income 268 283 546 677
Debit Card [Member]        
NONINTEREST INCOME        
Noninterest income 550 528 1,065 1,035
Credit Card [Member]        
NONINTEREST INCOME        
Noninterest income $ 151 $ 165 $ 301 $ 322