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Consolidated Income Statements - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest income    
Loans, including fees $ 16,966 $ 16,029
Investment securities 2,064 2,105
Interest-earning deposits with banks 486 236
Dividends on FHLB stock 127 130
Total interest income 19,643 18,500 CloseClose
Interest expense    
Deposits 9,916 6,332
FHLB advances and other borrowings 827 912
Total interest expense 10,743 7,244 Close
Net interest income 8,900 11,256 Close
(Recapture of provision) provision for credit losses (175) 338 CloseCloseCloseClose
Net interest income after (recapture of provision) provision for credit losses 9,075 10,918 CloseCloseCloseClose
Noninterest income     CloseCloseCloseClose
BOLI income 351 308 CloseCloseCloseClose
Wealth management revenue, net 95 45 CloseCloseCloseClose
Deposit related fees 221 223 CloseCloseCloseClose
Loan related fees 58 91 CloseCloseCloseClose
Other income (expense), net 62 (2) CloseCloseCloseClose
Total noninterest income 787 665 CloseCloseCloseCloseClose
Noninterest expense     CloseCloseCloseClose
Salaries and employee benefits 6,763 5,461 CloseCloseCloseClose
Occupancy and equipment 1,226 1,165 CloseCloseCloseClose
Professional fees 1,300 417 CloseCloseCloseClose
Data processing 786 686 CloseCloseCloseClose
Regulatory assessments 166 101 CloseCloseCloseClose
Insurance and bond premiums 132 130 CloseCloseCloseClose
Marketing 64 77 CloseCloseCloseClose
Other general and administrative 894 918 CloseCloseCloseClose
Total noninterest expense 11,331 8,955 CloseCloseCloseCloseCloseCloseClose
Total Other Income Expenses 33136.0 29824.0 0.0 0.0 0.0 Close Close
Total Other Income Expenses 15336.0 8664.0 0.0 0.0 0.0 Close CloseClose
Total Other Income Expenses 14986.0 7988.0 0.0 0.0 0.0 Close CloseClose
Total Other Income Expenses 33486.0 30500.0 0.0 0.0 0 Close Close
(Loss) income before federal income tax (benefit) provision (1,469) 2,628 CloseCloseClose
Total NonInterest Income Expenses -10544.0 -8290.0 0.0 0 0 Close
Federal income tax (benefit) provision (393) 506 Close
Net (loss) income $ (1,076) $ 2,122 Close
Earnings per common share    
Basic earnings per share (in dollars per share) $ (0.12) $ 0.23
Diluted earnings per share (in dollars per share) $ (0.12) $ 0.23
Weighted average number of common shares outstanding    
Basic shares outstanding (in shares) 9,159,339 9,104,371
Diluted shares outstanding (in shares) 9,159,339 9,173,276