v3.25.2
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest and dividend income:        
Interest and fees on loans $ 16,862 $ 14,174 $ 32,005 $ 27,619
Interest and dividends on securities 994 779 1,847 1,543
Interest on short term investments 1,244 1,433 2,869 2,917
Interest on interest-bearing deposits 1 0 2 0
Total interest and dividend income 19,101 16,386 36,723 32,079
Interest expense:        
Interest on deposits 9,122 8,159 17,981 15,684
Interest on Federal Home Loan Bank advances 2,319 2,214 4,434 4,482
Total interest expense 11,441 10,373 22,415 20,166
Net interest and dividend income 7,660 6,013 14,308 11,913
Provision for credit losses 1,120 292 1,110 438
Net interest and dividend income after provision for credit losses 6,540 5,721 13,198 11,475
Noninterest income:        
Customer service fees 154 143 294 284
Income from bank-owned life insurance 118 117 233 234
Net gain on sales of loans 43 19 43 54
Other income 40 10 56 22
Total noninterest income 355 289 626 594
Noninterest expense:        
Salaries and employee benefits 3,013 3,130 6,273 6,441
Director compensation 173 209 389 416
Occupancy and equipment 261 263 542 538
Data processing 315 285 625 596
Computer software and licensing 104 100 214 209
Advertising and promotions 189 106 321 237
Professional fees 264 231 574 591
Federal Deposit Insurance Corporation deposit insurance 216 194 401 372
Other expense 445 429 849 775
Total noninterest expense 4,980 4,947 10,188 10,175
Income before income tax expense 1,915 1,063 3,636 1,894
Income tax expense 475 272 899 482
Net income $ 1,440 $ 791 $ 2,737 $ 1,412
Share data:        
Weighted average shares outstanding, basic (in shares) 8,155,667 8,265,579 8,183,072 8,282,677
Weighted average shares outstanding, diluted (in shares) 8,369,819 8,342,516 8,357,375 8,358,818
Earnings per share, basic (in dollars per share) $ 0.18 $ 0.1 $ 0.33 $ 0.17
Earnings per share, diluted (in dollars per share) $ 0.17 $ 0.09 $ 0.33 $ 0.17