Quarterly Financial Information (Unaudited)

12 Months Ended

Dec. 31, 2024

Quarterly Financial Information (Unaudited)

Quarterly Financial Information (Unaudited)

Supplementary Data (Unaudited)

Quarterly Financial Information

The following quarterly financial information for the years ended December 31, 2024 and 2023 is unaudited. However, in the opinion of Management, all adjustments, which include normal recurring adjustments necessary to present fairly the results of operations for the periods, are reflected.

	2024
(In thousands, except per share data)	December 31		September 30		June 30		March 31
Total interest income	$	40,264	$	39,550	$	37,987	$	37,937
Total interest expense		13,774		14,694		14,563		14,096
Net interest income		26,490		24,856		23,424		23,841
Provision for credit losses		1,300		1,080		926		643
Net interest income after provision for credit losses		25,190		23,776		22,498		23,198
Total noninterest income		1,916		2,803		2,032		1,718
Total noninterest expense		12,617		12,012		11,980		12,132
Income before provision for income taxes		14,489		14,567		12,550		12,784
Provision for income taxes		2,984		3,662		3,096		3,198
Net income	$	11,505	$	10,905	$	9,454	$	9,586
Net income per common share - Basic	$	1.15	$	1.09	$	0.94	$	0.95
Net income per common share - Diluted		1.13		1.07		0.92		0.94

	2023
(In thousands, except per share data)	December 31		September 30		June 30		March 31
Total interest income	$	37,758	$	36,990	$	35,392	$	33,354
Total interest expense		13,727		13,457		11,870		9,443
Net interest income		24,031		23,533		23,522		23,911
Provision for credit losses		1,811		556		693		108
Net interest income after provision for credit losses		22,220		22,977		22,829		23,803
Total noninterest income		2,568		2,043		2,115		1,416
Total noninterest expense		11,740		11,973		11,835		11,428
Income before provision for income taxes		13,048		13,047		13,109		13,791
Provision for income taxes		3,278		3,097		3,409		3,504
Net income	$	9,770	$	9,950	$	9,700	$	10,287
Net income per common share - Basic	$	0.97	$	0.98	$	0.96	$	0.98
Net income per common share - Diluted		0.96		0.97		0.95		0.96