v3.25.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest income:    
Interest and fees on loans $ 3,396 $ 3,562
Interest and dividends on securities:    
U. S. Treasuries 1,351 1,678
U.S. Government agencies 598  
Mortgage-backed securities 545 728
Collateralized mortgage obligations 541 855
States and political subdivisions 981 1,037
Other investments 7 33
Interest on balances due from depository institutions 738 1,036
Total interest income 7,559 8,929
Interest expense:    
Deposits 1,891 2,038
Borrowings   198
Total interest expense 1,891 2,236
Net interest income 5,668 6,693
(Reduction of) provision for credit losses (5)  
Net interest income after provision for (reduction of) credit losses 5,673 6,693
Non-interest income:    
Increase in cash surrender value of life insurance 120 120
Gain (loss) on sale of property, plant and equipment, net   42
Other income 187 193
Total non-interest income 1,703 1,743
Non-interest expense:    
Salaries and employee benefits 2,716 2,500
Net occupancy 563 537
Equipment rentals, depreciation and maintenance 783 701
FDIC and state banking assessments 96 108
Data processing 314 314
ATM expense 291 254
Legal expense 64 112
Other expense 864 864
Total non-interest expense 5,691 5,390
Income before income taxes 1,685 3,046
Income tax (benefit) expense 375 631
Net income $ 1,310 $ 2,415
Basic earnings per share (in dollars per share) $ 0.28 $ 0.52
Diluted earnings per share (in dollars per share) 0.28 0.52
Dividends declared per share (in dollars per share) $ 0 $ 0
Trust department income and fees    
Non-interest income:    
Revenue $ 626 $ 618
Service charges on deposit accounts    
Non-interest income:    
Revenue $ 770 $ 770