XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.1.u1Close
Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
INTEREST INCOME    
Interest and fees on loans $ 21,730 $ 18,803
Interest and fees on loans held for sale 31 27
Interest on investment securities:    
Taxable 750 847
Nontaxable 592 626
Other interest-bearing deposits 812 537
Dividends on other investments 137 93
Total interest income 24,052 20,933 CloseClose
Interest on deposits:    
Savings, interest checking and money market 4,630 3,854
Time deposit accounts $250,000 and over 769 1,150
Time deposits 2,066 548
Total interest expense on deposits 7,465 5,552
Interest on federal funds purchased and securities sold under agreements to repurchase 0 21
Interest on Federal Home Loan Bank advances 849 540
Interest on subordinated notes 990 872
Total interest expense on borrowings 1,839 1,433
Total interest expense 9,304 6,985 Close
Net interest income 14,748 13,948 Close
(Release of) provision for credit losses on loans and unfunded commitments (230) 680 CloseCloseCloseClose
Net interest income after (release of) provision for credit losses on loans and unfunded commitments 14,978 13,268 CloseCloseCloseClose
NON-INTEREST INCOME     CloseCloseCloseClose
Gain on sale of mortgage loans, net 277 496 CloseCloseCloseClose
Gains on other real estate owned, net 34 9 CloseCloseCloseClose
Other 613 569 CloseCloseCloseClose
Total non-interest income 3,019 3,182 CloseCloseCloseCloseClose
Investment securities gains, net 0 8 CloseCloseCloseClose
NON-INTEREST EXPENSE     CloseCloseCloseClose
Salaries and employee benefits 6,730 7,003 CloseCloseCloseClose
Occupancy expense, net 813 795 CloseCloseCloseClose
Furniture and equipment expense 756 752 CloseCloseCloseClose
Processing, network, and bank card expense 1,370 1,157 CloseCloseCloseClose
Legal, examination, and professional fees 823 505 CloseCloseCloseClose
Advertising and promotion 257 357 CloseCloseCloseClose
Postage, printing, and supplies 167 193 CloseCloseCloseClose
Loan expense 174 385 CloseCloseCloseClose
Other 1,485 1,331 CloseCloseCloseClose
Total non-interest expense 12,575 12,478 CloseCloseCloseCloseCloseCloseClose
Total Other Income Expenses 43841.0 41808.0 0.0 0.0 0.0 Close Close
Total Other Income Expenses 14345.0 16632.0 0.0 0.0 0.0 Close CloseClose
Total Other Income Expenses 13885.0 15272.0 0.0 0.0 0.0 Close CloseClose
Total Other Income Expenses 44301.0 43168.0 0.0 0.0 0 Close Close
Income before income taxes 5,422 3,980 CloseCloseClose
Total NonInterest Income Expenses -9556.0 -9296.0 0.0 0 0 Close
Income tax expense 966 709 Close
Net income $ 4,456 $ 3,271 Close
Basic earnings per share (in dollars per share) $ 0.63 $ 0.47
Diluted earnings per share (in dollars per share) $ 0.63 $ 0.47
Service charges and other fees    
NON-INTEREST INCOME    
Income from fees $ 817 $ 684
Bank card income and fees    
NON-INTEREST INCOME    
Income from fees 973 960
Trust department income    
NON-INTEREST INCOME    
Income from fees 302 271
Real estate servicing fees, net    
NON-INTEREST INCOME    
Income from fees $ 3 $ 193