Quarterly Condensed Statements of Income

12 Months Ended

Dec. 31, 2025

Quarterly Financial Information Disclosure [Abstract]

Quarterly Condensed Statements of Income

NOTE 20. Quarterly Condensed Statements of Income - Unaudited

The Company’s quarterly net income, net income per common share and dividends per common share during 2025 and 2024 are summarized as follows:

	2025
	March 31			June 30		September 30		December 31
	(in thousands, except per share amounts)
Total interest and dividend income	$	23,502		$	24,815	$	25,933	$	24,755
Net interest income after provision for credit losses		12,103			15,030		16,087		15,693
Noninterest (loss) income		(8,554	)		4,917		5,165		5,355
Noninterest expenses		12,589			13,399		14,344		15,539
(Loss) income before income taxes		(9,040	)		6,548		6,908		5,509
Net (loss) income		(6,974	)		5,270		5,584		4,334
Net (loss) income per common share, basic		(1.53	)		0.98		1.04		0.81
Net (loss) income per common share, diluted		(1.53	)		0.98		1.04		0.81
Dividends per common share		0.31			0.31		0.31		0.31

	2024
	March 31		June 30		September 30		December 31
	(in thousands, except per share amounts)
Total interest and dividend income	$	21,903	$	21,738	$	23,686	$	23,994
Net interest income after provision for credit losses		11,940		11,975		11,613		13,148
Noninterest income		3,480		4,305		5,251		8,521
Noninterest expenses		12,377		12,510		12,890		13,555
Income before income taxes		3,043		3,770		3,974		8,114
Net income		2,548		3,185		3,424		6,186
Net income per common share, basic		0.72		0.89		0.97		1.74
Net income per common share, diluted		0.72		0.89		0.97		1.74
Dividends per common share		0.30		0.30		0.30		0.31