v3.25.2
Interim Condensed 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 income        
Loans interest income $ 19,832 $ 18,863 $ 39,180 $ 36,920
Interest Income, Debt Securities, Available-for-Sale, Operating 3,032 2,804 5,675 5,688
FHLB stock dividend income 125 158 285 304
Federal funds sold and other 253 263 735 556
Total interest income 23,242 22,088 45,875 43,468
Interest expense        
Deposits 7,391 7,313 14,854 14,476
Interest Expense, Federal Funds Purchased and Securities Sold under Agreements to Repurchase 324 321 665 642
Interest Expense, Federal Home Loan Bank and Federal Reserve Bank Advances, Short-Term 132 638 170 1,026
Interest Expense, Subordinated Notes and Debentures 266 266 532 532
Interest Expense, Operating, Total 8,113 8,538 16,221 16,676
Net interest income 15,129 13,550 29,654 26,792
Provision for loan losses (1,099) 170 (1,206) 562
Net interest income after provision for loan losses 16,228 13,380 30,860 26,230
Noninterest income        
Noninterest Income, Service Charges and Fees 2,071 2,023 4,045 3,956
Noninterest Income Investment and Trust Advisory Fees 1,084 1,048 2,063 1,987
Earnings on corporate owned life insurance policies 300 253 672 496
Net gain on sale of mortgage loans 47 67 77 101
Other 184 217 357 536
Total noninterest income 3,686 3,608 7,214 7,076
Noninterest expenses        
Compensation and benefits 7,496 6,970 14,879 13,985
Occupancy and equipment 2,650 2,619 5,250 5,325
Professional and Contract Services Expense 863 527 1,574 1,040
ATM and Debit Card Expense 555 487 1,041 956
Marketing Expense 469 425 928 851
FDIC insurance premiums 267 280 570 532
Other losses 339 416 454 561
Other 1,106 1,171 2,348 2,321
Total noninterest expenses 13,745 12,895 27,044 25,571
Income before federal income tax expense 6,169 4,093 11,030 7,735
Federal Income Tax Expense (Benefit), Continuing Operations 1,138 612 2,050 1,123
NET INCOME $ 5,031 $ 3,481 $ 8,980 $ 6,612
Earnings per share        
Basic (in dollars per share) $ 0.68 $ 0.47 $ 1.21 $ 0.88
Diluted (in dollars per share) 0.68 0.46 1.21 0.88
Cash dividends per basic share (in dollars per share) $ 0.28 $ 0.28 $ 0.56 $ 0.56