v3.25.1
Condensed Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Loans    
Taxable $ 15,244 $ 13,547
Tax exempt 115 123
Securities    
Taxable 1,169 1,274
Tax exempt 38 37
Other interest income 806 319
Total interest income 17,372 15,300
Interest Expense    
Deposits 5,352 5,090
Repurchase agreements & other 24 34
Federal Home Loan Bank advance expense 362 613
Trust preferred securities expense 160 188
Subordinated debt expense 195 195
Total interest expense 6,093 6,120
Net Interest Income 11,279 9,180
Provision for credit losses - loans 374 (86)
Provision for unfunded commitments 13 86
Total provision for credit losses 387
Net interest income after provision for credit losses 10,892 9,180
Noninterest Income    
Wealth management fees 864 865
Customer service fees 879 880
Gain on sale of mortgage loans & OMSR 849 781
Mortgage loan servicing fees, net 611 763
Gain on sale of non-mortgage loans 15 10
Title insurance income 397 266
Other income 492 386
Total noninterest income 4,107 3,951
Noninterest Expense    
Salaries and employee benefits 6,237 5,352
Net occupancy expense 893 769
Equipment expense 1,072 1,077
Data processing fees 1,439 769
Professional fees 1,034 758
Marketing expense 165 197
Telephone and communications 139 105
Postage and delivery expense 137 97
State, local and other taxes 224 245
Employee expense 174 178
Other expense 896 735
Total noninterest expense 12,410 10,282
Income before income tax 2,589 2,849
Provision for income taxes 431 481
Net Income $ 2,158 $ 2,368
Basic earnings per common share (in Dollars per share) $ 0.33 $ 0.35
Diluted earnings per common share (in Dollars per share) $ 0.33 $ 0.35
Average common shares outstanding (in thousands):    
Basic (in Shares) 6,481,000 6,715,000
Diluted (in Shares) 6,502,000 6,723,000