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 income        
Interest and fees on loans $ 18,067 $ 15,990 $ 35,382 $ 31,240
Interest and dividends on available-for-sale & equity securities:        
Taxable 3,970 3,414 7,983 6,739
Tax-exempt 355 359 708 716
Interest on interest-bearing balances and other interest income 718 582 1,235 1,219
Total interest income 23,110 20,345 45,308 39,914
Interest on deposits        
Interest-bearing demand 2,315 2,289 4,715 4,509
Money market 1,862 2,049 3,680 4,064
Savings 901 924 1,794 1,873
Time less than $100 1,617 1,708 3,287 3,181
Time of $100 through $250 1,542 1,636 3,155 3,013
Time greater than $250 527 614 1,045 1,136
Interest on short-term borrowings 689 199 1,145 824
Interest on long-term debt 67 334 423 554
Interest on subordinated debt 938   1,875  
Total interest expense 10,458 9,753 21,119 19,154
Net interest income 12,652 10,592 24,189 20,760
(Reversal) provision for credit losses (146) 114 404 28
Net interest income after (reversal) provision for credit losses 12,798 10,478 23,785 20,732
Non-interest income        
Net loss on sales and calls of available-for-sale and equity securities   (1,096)   (719)
Unrealized gain on equity securities   1,016   986
Fees for services to customers 485 427 932 847
ATM and debit card 724 705 1,380 1,341
Retail brokerage and advisory 140 126 281 219
Bank-owned life insurance 81 78 168 172
Merchant 82 83 157 182
Net gain (loss) on sale of loans 4 (2) 22 13
Other 136 128 296 260
Total non-interest income 1,652 1,465 3,236 3,301
Non-interest expense        
Salaries and employee benefits 5,251 5,038 10,283 10,012
Net occupancy 546 535 1,160 1,113
Furniture and equipment 1,135 946 2,257 1,883
Marketing 250 228 439 494
Third party services 788 661 1,450 1,285
Telephone, postage and supplies 120 123 244 249
State taxes 236 216 503 316
FDIC insurance premiums 269 342 543 687
Other 967 845 2,052 1,728
Total non-interest expense 9,562 8,934 18,931 17,767
Income before income taxes 4,888 3,009 8,090 6,266
Provision for income taxes 1,005 544 1,629 1,207
Net income $ 3,883 $ 2,465 $ 6,461 $ 5,059
Earnings per share - basic $ 1.05 $ 0.67 $ 1.74 $ 1.38
Earnings per share - diluted 1.04 0.67 1.74 1.38
Cash dividends per share $ 0.38 $ 0.37 $ 0.76 $ 0.74