XML 15 R4.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
INTEREST INCOME    
Interest and fees on loans $ 21,196 $ 21,730
Interest and fees on loans held for sale 2 31
Interest on investment securities:    
Taxable 1,304 750
Nontaxable 587 592
Federal funds sold and Other interest-bearing deposits 249 812
Dividends on other investments 120 137
Total interest income 23,458 24,052
Interest on deposits:    
Savings, interest checking and money market 4,349 4,630
Time deposits 2,464 2,835
Total interest expense on deposits 6,813 7,465
Interest on Federal Home Loan Bank advances 499 849
Interest on subordinated notes 852 990
Total interest expense on borrowings 1,351 1,839
Total interest expense 8,164 9,304
Net interest income 15,294 14,748
Release of provision for credit losses on loans (282) 0
Release of provision for credit losses on unfunded commitments (58) (230)
Total release of provision for credit losses on loans and unfunded commitments (340) (230)
Net interest income after provision for credit losses on loans and unfunded commitments 15,634 14,978
NON-INTEREST INCOME    
Earnings on bank-owned life insurance 509 136
Gain on sale of mortgage loans, net 126 277
Gains on other real estate owned, net 21 34
Other 495 402
Total non-interest income 3,463 3,019
Investment securities losses, net (2) 0
NON-INTEREST EXPENSE    
Salaries and employee benefits 6,912 6,730
Occupancy expense, net 935 813
Furniture and equipment expense 793 756
Processing, network, and bank card expense 1,401 1,370
Legal, examination, and professional fees 493 823
Advertising and promotion 160 263
Postage, printing, and supplies 294 167
Other 1,511 1,653
Total non-interest expense 12,499 12,575
Income before income taxes 6,596 5,422
Income tax expense 1,213 966
Net income $ 5,383 $ 4,456
Basic earnings per share (in dollars per share) $ 0.77 $ 0.63
Diluted earnings per share (in dollars per share) $ 0.77 $ 0.63
Service charges and other fees    
NON-INTEREST INCOME    
Income from fees $ 914 $ 817
Bank card income and fees    
NON-INTEREST INCOME    
Income from fees 925 973
Wealth management revenue    
NON-INTEREST INCOME    
Income from fees $ 473 $ 380