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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest income    
Interest and fees on loans $ 15,250 $ 12,714
Interest and dividends on available-for-sale & equity securities:    
Taxable 3,325 2,279
Tax-exempt 357 374
Interest on interest-bearing balances and other interest income 637 96
Total interest income 19,569 15,463 CloseClose
Interest on deposits    
Interest-bearing demand 2,220 1,377
Money market 2,015 342
Savings 949 1,077
Time less than $100 1,473 382
Time of $100 through $250 1,377 727
Time greater than $250 522 123
Interest on short-term borrowings 625 995
Interest on long-term debt 220 23
Total interest expense 9,401 5,046 Close
Net interest income 10,168 10,417 Close
Provision (reversal) for credit losses on loans (86) (1,805) CloseCloseCloseClose
Net interest income after provision for loan losses 10,254 12,222 CloseCloseCloseClose
Non-interest income     CloseCloseCloseClose
Net gain (loss) on sales and calls of available-for-sale and equity securities 377 (465) CloseCloseCloseClose
Unrealized (loss) gain on investment equity securities (30) 57 CloseCloseCloseClose
Fees for services to customers 420 402 CloseCloseCloseClose
ATM and debit card 636 659 CloseCloseCloseClose
Retail brokerage and advisory 93 234 CloseCloseCloseClose
Bank-owned life insurance 94 86 CloseCloseCloseClose
Merchant 99 93 CloseCloseCloseClose
Net gain on sale of loans 15 6 CloseCloseCloseClose
Other 132 147 CloseCloseCloseClose
Total non-interest income 1,836 1,219 CloseCloseCloseCloseClose
Non-interest expense     CloseCloseCloseClose
Salaries and employee benefits 4,974 4,563 CloseCloseCloseClose
Net occupancy 578 540 CloseCloseCloseClose
Furniture and equipment 937 837 CloseCloseCloseClose
Marketing 266 203 CloseCloseCloseClose
Third party services 624 609 CloseCloseCloseClose
Telephone, postage and supplies 126 167 CloseCloseCloseClose
State taxes 100 124 CloseCloseCloseClose
FDIC insurance premiums 345 175 CloseCloseCloseClose
Other 883 982 CloseCloseCloseClose
Total non-interest expense 8,833 8,200 CloseCloseCloseCloseCloseCloseClose
Total Other Income Expenses 31566.0 30185.0 0.0 0.0 0.0 Close Close
Total Other Income Expenses 11230.0 9351.0 0.0 0.0 0.0 Close CloseClose
Total Other Income Expenses 11058.0 5741.0 0.0 0.0 0.0 Close CloseClose
Total Other Income Expenses 31738.0 33795.0 0.0 0.0 0 Close Close
Income before income taxes 3,257 5,241 CloseCloseClose
Total NonInterest Income Expenses -6997.0 -6981.0 0.0 0 0 Close
Provision for income taxes 663 1,123 Close
Net income $ 2,594 $ 4,118 Close
Earnings per share - basic $ 0.71 $ 1.15
Earnings per share - diluted 0.71 1.15
Cash dividends per share $ 0.37 $ 0.37