Consolidated Statements of Income (Unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
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| Interest and dividend income: | ||||
| Loans, including fees | $ 8,112,000 | $ 7,778,000 | $ 15,893,000 | $ 15,245,000 |
| Taxable securities | 1,372,000 | 1,455,000 | 2,737,000 | 2,920,000 |
| Tax-exempt securities | 30,000 | 29,000 | 60,000 | 59,000 |
| Other interest income | 20,000 | 49,000 | 37,000 | 92,000 |
| Total interest income | 9,534,000 | 9,311,000 | 18,727,000 | 18,316,000 |
| Interest expense: | ||||
| Deposits | 2,889,000 | 2,722,000 | 5,692,000 | 5,364,000 |
| Short-term borrowings and repurchase agreements | 440,000 | 712,000 | 971,000 | 1,410,000 |
| Long-term debt | 21,000 | 89,000 | 51,000 | 206,000 |
| Other interest bearing liabilities | 7,000 | 8,000 | 14,000 | 17,000 |
| Total interest expense | 3,357,000 | 3,531,000 | 6,728,000 | 6,997,000 |
| Net interest income | 6,177,000 | 5,780,000 | 11,999,000 | 11,319,000 |
| Provision for credit losses | 349,000 | 119,000 | 453,000 | 239,000 |
| Net interest income after provision for credit losses | 5,828,000 | 5,661,000 | 11,546,000 | 11,080,000 |
| Non-interest income: | ||||
| Earnings on bank-owned life insurance and annuities | 62,000 | 58,000 | 119,000 | 114,000 |
| Change in value of equity securities | 40,000 | 9,000 | 12,000 | (4,000) |
| Gain from life insurance proceeds | 20,000 | 20,000 | 0 | |
| Other non-interest income | 100,000 | 56,000 | 188,000 | 154,000 |
| Total non-interest income | 1,477,000 | 1,479,000 | 2,823,000 | 2,775,000 |
| Non-interest expense: | ||||
| Employee compensation expense | 2,098,000 | 2,232,000 | 4,073,000 | 4,440,000 |
| Employee benefits | 502,000 | 533,000 | 1,048,000 | 1,178,000 |
| Occupancy | 301,000 | 327,000 | 667,000 | 659,000 |
| Equipment | 243,000 | 226,000 | 460,000 | 369,000 |
| Data processing expense | 778,000 | 815,000 | 1,407,000 | 1,478,000 |
| Professional fees | 247,000 | 279,000 | 453,000 | 533,000 |
| Taxes, other than income | 95,000 | 38,000 | 126,000 | 94,000 |
| FDIC Insurance premiums | 119,000 | 139,000 | 254,000 | 294,000 |
| Amortization of intangible assets | 17,000 | 20,000 | 35,000 | 42,000 |
| Amortization of investment in low income housing partnerships | 80,000 | 80,000 | 161,000 | 161,000 |
| Other non-interest expense | 585,000 | 409,000 | 1,066,000 | 1,009,000 |
| Total non-interest expense | 5,065,000 | 5,098,000 | 9,750,000 | 10,257,000 |
| Income before income taxes | 2,240,000 | 2,042,000 | 4,619,000 | 3,598,000 |
| Income tax provision | 329,000 | 296,000 | 700,000 | 497,000 |
| Net income | $ 1,911,000 | $ 1,746,000 | $ 3,919,000 | $ 3,101,000 |
| Earnings per share | ||||
| Basic (in dollars per share) | $ 0.38 | $ 0.35 | $ 0.78 | $ 0.62 |
| Diluted (in dollars per share) | $ 0.38 | $ 0.35 | $ 0.78 | $ 0.62 |
| Customer service fees | ||||
| Non-interest income: | ||||
| Non-interest income | $ 466,000 | $ 456,000 | $ 926,000 | $ 827,000 |
| Debit card fee income | ||||
| Non-interest income: | ||||
| Non-interest income | 450,000 | 470,000 | 872,000 | 874,000 |
| Trust fees | ||||
| Non-interest income: | ||||
| Non-interest income | 112,000 | 144,000 | 243,000 | 251,000 |
| Commissions from sales of non-deposit products | ||||
| Non-interest income: | ||||
| Non-interest income | 69,000 | 109,000 | 170,000 | 211,000 |
| Fees derived from loan activity | ||||
| Non-interest income: | ||||
| Non-interest income | $ 158,000 | $ 177,000 | $ 273,000 | $ 348,000 |
| X | ||||||||||
- Definition Amortization of investment in low income housing partnership. No definition available.
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| X | ||||||||||
- Definition The amount of pension and other (such as medical, dental and life insurance) postretirement benefit costs recognized during the period for (1) defined benefit plans (periodic benefit costs include the following components: service cost, interest cost, expected return on plan assets, gain or loss on assets, prior service cost or credit, transition asset or obligation, and gain or loss due to settlements or curtailments) and for (2) defined contribution plans (to the extent that a plan's defined contributions to an individual's account are to be made for periods in which that individual renders services, the net cost for a period shall be the contribution called for in that period; if a plan calls for contributions for periods after an individual retires or terminates, the estimated cost shall be accrued during the employee's service period) and Amount of payroll tax expense, compensation, postemployment and benefit-related expenses not elsewhere specified in the taxonomy (such as health plan, profit sharing, incentives, tuition reimbursement, other fringe benefits and perquisites) incurred in the period. No definition available.
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- Definition Expenditures for salaries, salaries of officers and represents the expense recognized during the period arising from share-based compensation arrangements (for example, shares of stock, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees. No definition available.
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| X | ||||||||||
- Definition Amount of realized gain of life insurance proceeds. No definition available.
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| X | ||||||||||
- Definition Amount of tax expense classified as other which also includes refunds. No definition available.
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- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Earnings on or other increases in the value of the cash surrender value of bank owned life insurance policies. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition This element represents equipment expense including depreciation, repairs, rentals, and service contract costs. This item also includes equipment purchases which do not qualify for capitalization in accordance with the entity's accounting policy. This item may also include furniture expenses. No definition available.
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- Definition Amount of unrealized gain (loss) on investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense for Federal Deposit Insurance Corporation (FDIC) insurance. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The amount of expenses incurred in the period for information technology and data processing products and services. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Represents the total of interest and dividend income, including any amortization and accretion (as applicable) of discounts and premiums, earned from (1) loans and leases whether held-for-sale or held-in-portfolio; (2) investment securities; (3) federal funds sold; (4) securities purchased under agreements to resell; (5) investments in banker's acceptances, commercial paper, or certificates of deposit; (6) dividend income; or (7) other investments not otherwise specified herein. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The aggregate interest and fee income generated by: (1) loans the Entity has positive intent and ability to hold for the foreseeable future, or until maturity or payoff, including commercial and consumer loans, whether domestic or foreign, which may consist of: (a) industrial and agricultural; (b) real estate; and (c) real estate construction loans; (d) trade financing; (e) lease financing; (f) home equity lines-of-credit; (g) automobile and other vehicle loans; and (h) credit card and other revolving-type loans and (2) loans and leases held-for-sale which may include mortgage loans, direct financing, and sales-type leases. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition The aggregate interest expense incurred on all domestic deposits. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Interest expense incurred during the reporting period on long-term borrowings associated with Federal Home Loan Bank and Federal Reserve Bank advances. No definition available.
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| X | ||||||||||
- Definition Amount of interest expense classified as operating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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| X | ||||||||||
- Definition Amount of interest expense classified as other. No definition available.
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| X | ||||||||||
- Definition The aggregate interest expense incurred on short-term borrowings including commercial paper, Federal Home Loan Bank and Federal Reserve Bank advances and other short term borrowings. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of interest income or expense, including any amortization and accretion (as applicable) of discounts and premiums, including consideration of the provisions for loan, lease, credit, and other related losses. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition Amount of interest income (expense) classified as operating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of operating interest income, including amortization and accretion of premiums and discounts, on securities exempt from state, federal and other income tax. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of operating interest income, including amortization and accretion of premiums and discounts, on securities subject to state, federal and other income tax. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition Total aggregate amount of all noninterest expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The total amount of noninterest income which may be derived from: (1) fees and commissions; (2) premiums earned; (3) insurance policy charges; (4) the sale or disposal of assets; and (5) other sources not otherwise specified. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount of revenue earned, classified as other, excluding interest income. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of net occupancy expense that may include items, such as depreciation of facilities and equipment, lease expenses, property taxes and property and casualty insurance expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, after discount, accretion and premium amortization, of interest income and dividend income classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of noninterest expense classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of credit loss expense (reversal of expense) for financing receivable. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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