v3.25.2
Consolidated Statements of Earnings - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest income:        
Loans, including fees $ 7,676 $ 7,451 $ 15,219 $ 14,441
Securities - Taxable 1,250 1,371 2,531 2,782
Securities - Tax-exempt 69 74 137 148
Federal funds sold and interest bearing bank deposits 1,116 688 2,085 1,442
Total interest income 10,111 9,584 19,972 18,813
Interest expense:        
Deposits 2,766 2,874 5,582 5,444
Short-term borrowings 1 1 1 3
Total interest expense 2,767 2,875 5,583 5,447
Net interest income 7,344 6,709 14,389 13,366
Provision for credit losses 113 (123) 103 211
Net interest income after provision for loan losses 7,231 6,832 14,286 13,155
Noninterest income:        
Service charge on deposit accounts 152 153 307 309
Mortgage lending 131 180 224 330
Bank-owned life insurance income 101 99 206 201
Other noninterest income 405 464 799 943
Total noninterest income 789 896 1,536 1,783
Noninterest expense:        
Salaries and benefits 3,258 3,140 6,568 6,211
Net occupancy and equipment 604 603 1,318 1,366
Professional fees 385 314 672 640
Other noninterest expense 1,455 1,462 3,024 2,977
Total noninterest expense 5,702 5,519 11,582 11,194
Earnings before income taxes 2,318 2,209 4,240 3,744
Income tax expense 485 475 877 639
Net earnings $ 1,833 $ 1,734 $ 3,363 $ 3,105
Net earnings per share:        
Basic earnings per share $ 0.52 $ 0.50 $ 0.96 $ 0.89
Weighted average shares outstanding:        
Basic weighted average shares outstanding 3,493,699 3,493,699 3,493,699 3,493,681