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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest income    
Interest and fees on loans $ 19,218 $ 15,444
Interest on investment securities: Taxable 1,744 1,768
Interest on investment securities: Exempt from federal income tax 53 270
Total investment income 1,797 2,038
Other 883 347
Total interest income 21,898 17,829 CloseClose
Interest expense    
Savings 48 79
Interest-bearing transaction accounts 4,701 2,186
Time deposits 1,517 413
Total interest on Deposits 6,266 2,678
Interest Expense, Savings Deposits 48 79
Interest on short-term borrowings 461 31
Interest on long-term borrowings 1,359 602
Total interest expense 8,086 3,311 Close
Net interest income 13,812 14,518 Close
Credit loss expense - loans 961 414 CloseCloseCloseCloseCloseCloseCloseClose
Credit loss expense - off-balance sheet credit exposures (15) 129 CloseCloseCloseCloseCloseCloseCloseClose
Total credit loss expense 946 543 CloseCloseCloseCloseCloseCloseCloseClose
Net interest income after provision for credit losses 12,866 13,975 CloseCloseCloseCloseCloseCloseCloseClose
Other operating income     CloseCloseCloseCloseCloseCloseCloseClose
Net gains on sales of residential mortgage loans 82 54 CloseCloseCloseCloseCloseCloseCloseClose
Net gains 82 54 CloseCloseCloseCloseCloseCloseCloseClose
Total other income 4,793 4,339 CloseCloseCloseCloseCloseCloseCloseCloseCloseClose
Total other operating income 4,875 4,393 CloseCloseCloseCloseCloseCloseCloseCloseClose
Other operating expenses     CloseCloseCloseCloseCloseCloseCloseClose
Salaries and employee benefits 7,157 7,296 CloseCloseCloseCloseCloseCloseCloseClose
FDIC premiums 269 193 CloseCloseCloseCloseCloseCloseCloseClose
Equipment expense 923 780 CloseCloseCloseCloseCloseCloseCloseClose
Occupancy expense of premises 954 785 CloseCloseCloseCloseCloseCloseCloseClose
Data processing expense 1,318 1,306 CloseCloseCloseCloseCloseCloseCloseClose
Marketing expense 134 120 CloseCloseCloseCloseCloseCloseCloseClose
Professional services 486 494 CloseCloseCloseCloseCloseCloseCloseClose
Contract labor 183 134 CloseCloseCloseCloseCloseCloseCloseClose
Telephone 109 110 CloseCloseCloseCloseCloseCloseCloseClose
Total OREO expense, net 86 124 CloseCloseCloseCloseCloseCloseCloseClose
Investor relations 53 83 CloseCloseCloseCloseCloseCloseCloseClose
Contributions 50 64 CloseCloseCloseCloseCloseCloseCloseClose
Other 1,159 1,149 CloseCloseCloseCloseCloseCloseCloseClose
Total other operating expenses 12,881 12,638 CloseCloseCloseCloseCloseCloseCloseCloseCloseClose
Total Other Income Expenses 48430.0 48091.0 0.0 0.0 0.0 Close Close
Total Other Income Expenses 50352.0 48919.0 0.0 0.0 0.0 Close Close
Total Other Income Expenses 48460.0 48349.0 0.0 0.0 0.0 Close Close
Total Other Income Expenses 50382.0 49177.0 0.0 0.0 0.0 Close Close
Total Other Income Expenses 48460.0 48349.0 0.0 0.0 0.0 Close Close
Total Other Income Expenses 50352.0 48919.0 0.0 0.0 0.0 Close Close
Total Other Income Expenses 48430.0 48091.0 0.0 0.0 0.0 Close Close
Total Other Income Expenses 50382.0 49177.0 0.0 0.0 0 Close Close
Income before income tax expense 4,860 5,730 CloseCloseClose
Total NonInterest Income Expenses -82.0 -54.0 0.0 0 0 Close
Provision for income tax expense 1,162 1,355 CloseClose
Net Income $ 3,698 $ 4,375 Close
Basic net income per share $ 0.56 $ 0.66
Diluted net income per share $ 0.56 $ 0.65
Weighted average number of basic shares outstanding 6,642 6,675
Weighted average number of diluted shares outstanding 6,655 6,697
Dividends declared per common share $ 0.20 $ 0.20
Service Charges on Deposit Accounts [Member]    
Other operating income    
Total other income $ 556 $ 516
Other Service Charges [Member]    
Other operating income    
Total other income 215 232
Trust Department [Member]    
Other operating income    
Total other income 2,188 1,970
Debit Card Income [Member]    
Other operating income    
Total other income 932 955
Bank Owned Life Insurance [Member]    
Other operating income    
Total other income 326 305
Brokerage Commissions [Member]    
Other operating income    
Total other income 495 297
Other [Member]    
Other operating income    
Total other income $ 81 $ 64