v3.25.2
Consolidated Statements Of Income - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
INTEREST INCOME        
Loans receivable, including fees $ 27,115,000 $ 24,121,000 $ 53,103,000 $ 47,802,000
Securities 3,871,000 2,584,000 7,742,000 5,109,000
Interest bearing deposits with other banks 220,000 966,000 446,000 1,697,000
Total interest income 31,206,000 27,671,000 61,291,000 54,608,000
INTEREST EXPENSE        
Deposits 10,869,000 10,687,000 21,617,000 20,796,000
Short-term borrowings 211,000 356,000 669,000 692,000
Other borrowings 1,061,000 1,703,000 2,082,000 3,485,000
Total interest expense 12,141,000 12,746,000 24,368,000 24,973,000
NET INTEREST INCOME 19,065,000 14,925,000 36,923,000 29,635,000
PROVISION FOR (RELEASE OF) CREDIT LOSSES        
Provision for (release of) credit losses 841,000 297,000 1,764,000 (328,000)
Provision for off balance sheet commitments 109,000 50,000 43,000 52,000
Total provision for (release of) credit losses 950,000 347,000 1,807,000 (276,000)
NET INTEREST INCOME AFTER PROVISION FOR (RELEASE OF) CREDIT LOSSES 18,115,000 14,578,000 35,116,000 29,911,000
OTHER INCOME        
Other income 1,869,000 1,880,000 3,848,000 3,592,000
Gains on sales of loans, net 65,000 36,000 112,000 42,000
Earnings and proceeds on bank owned life insurance 266,000 253,000 552,000 520,000
Other 177,000 189,000 357,000 341,000
Total other income 2,248,000 2,207,000 4,599,000 4,213,000
OTHER EXPENSES        
Salaries and employee benefits 6,605,000 5,954,000 13,077,000 12,090,000
Occupancy, furniture & equipment, net 1,349,000 1,229,000 2,727,000 2,489,000
Data processing and related operations 1,189,000 1,024,000 2,274,000 2,046,000
Taxes, other than income 192,000 179,000 385,000 272,000
Professional fees 623,000 508,000 1,282,000 1,092,000
Federal Deposit Insurance Corporation insurance 355,000 309,000 761,000 670,000
Foreclosed real estate 137,000 15,000 141,000 36,000
Amortization of intangibles 15,000 19,000 30,000 38,000
Other 2,066,000 2,207,000 3,918,000 4,442,000
Total other expenses 12,531,000 11,444,000 24,595,000 23,175,000
INCOME BEFORE INCOME TAXES 7,832,000 5,341,000 15,120,000 10,949,000
INCOME TAX EXPENSE 1,627,000 1,128,000 3,142,000 2,303,000
NET INCOME $ 6,205,000 $ 4,213,000 $ 11,978,000 $ 8,646,000
BASIC EARNINGS PER SHARE $ 0.67 $ 0.52 $ 1.30 $ 1.07
DILUTED EARNINGS PER SHARE $ 0.67 $ 0.52 $ 1.30 $ 1.07
Service Charges And Fees [Member]        
OTHER INCOME        
Other income $ 1,514,000 $ 1,504,000 $ 3,027,000 $ 2,847,000
Income From Fiduciary Activities [Member]        
OTHER INCOME        
Other income $ 226,000 $ 225,000 $ 551,000 $ 463,000