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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
INTEREST INCOME    
Loans, including fees $ 13,086 $ 11,403
Securities, taxable 1,416 1,543
Securities, non-taxable 298 305
Short-term investments, including federal funds sold 297 470
Total Interest Income 15,097 13,721 CloseClose
INTEREST EXPENSE    
Deposits 6,268 2,814
Securities sold under agreements to repurchase and federal funds purchased 105 57
Short-term borrowings 5  
Total Interest Expense 6,378 2,871 Close
Net Interest Income 8,719 10,850 Close
(CREDIT) PROVISION FOR CREDIT LOSSES (72) CloseClose
Net Interest Income after (Credit) Provision for Credit Losses 8,791 10,850 Close
OTHER NON-INTEREST INCOME     Close
Merchant and credit card processing fees 84 88 Close
Debit card interchange fees 207 217 Close
Other service fees 151 153 Close
Bank owned life insurance 291 200 Close
Total Other Non-Interest Income 733 658 Close
OTHER NON-INTEREST EXPENSES     Close
Salaries and employee benefits 3,450 3,726 Close
Occupancy and equipment 1,016 987 Close
Data processing 615 771 Close
Advertising and promotion 187 287 Close
Professional fees 272 238 Close
FDIC insurance 188 177 Close
Loan & real estate 49 52 Close
Charitable contributions 207 223 Close
Other 517 407 Close
Total Other Non-Interest Expenses 6,501 6,868 Close
Total Other Income Expenses 23187.0 25902.0 0.0 0 0 Close Close
Income Before Income Taxes 3,023 4,640 CloseCloseClose
INCOME TAX EXPENSE 487 853 CloseClose
Net Income $ 2,536 $ 3,787 Close
BASIC EARNINGS PER SHARE $ 0.33 $ 0.50
DILUTED EARNINGS PER SHARE $ 0.33 $ 0.50