v3.25.1
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest and dividend income:    
Loans $ 33,785 $ 33,543
Investment securities:    
Taxable 5,374 6,993
Nontaxable 956 960
Interest and Dividend Income, Operating 40,115 41,496
Interest expense:    
Savings, NOW and money market deposits 10,318 10,083
Time deposits 6,403 6,977
Overnight advances 71 263
Other borrowings 4,501 6,012
Interest Expense, Operating 21,293 23,335
Net interest income 18,822 18,161
Provision for credit losses 168 0
Net interest income after provision for credit losses 18,654 18,161
Noninterest income:    
Bank-owned life insurance 912 840
Service charges on deposit accounts 829 880
Net loss on sales of securities 0 0
Other 976 1,054
Noninterest Income 2,717 2,774
Noninterest expense:    
Salaries and employee benefits 9,711 9,974
Occupancy and equipment 3,233 3,214
Merger expenses 230 0
Other 3,954 3,018
Noninterest Expense 17,128 16,206
Income before income taxes 4,243 4,729
Income tax expense 487 294
Net income $ 3,756 $ 4,435
Weighted average:    
Common shares (in shares) 22,625,117 22,520,568
Dilutive restricted stock units (in shares) 86,270 73,827
Dilutive weighted average common shares (in shares) 22,711,387 22,594,395
Earnings per share:    
Basic (in dollars per share) $ 0.17 $ 0.2
Diluted (in dollars per share) 0.17 0.2
Cash dividends declared per share (in dollars per share) $ 0.21 $ 0.21