v3.25.2
Consolidated Statements of Income (Loss) (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 $ 13,495 $ 11,305 $ 26,454 $ 21,589
Interest on federal funds sold 2 10 5 10
Interest on interest-bearing deposits 978 1,229 2,017 2,358
Interest on securities – taxable 3,725 4,213 7,585 8,467
Interest on securities – nontaxable 337 338 673 677
Total interest income 18,537 17,095 36,734 33,101
Interest Expense        
Interest on time deposits 3,058 3,090 6,369 5,822
Interest on other deposits 4,488 5,326 9,124 10,370
Interest on borrowings 2   2
Total interest expense 7,546 8,418 15,493 16,194
Net interest income 10,991 8,677 21,241 16,907
Provision for credit losses 36 1,302 312 1,292
Net interest income after provision for credit losses 10,955 7,375 20,929 15,615
Noninterest Income:        
Noninterest Income 1,921 1,827 4,053 3,725
BOLI income 297 269 589 527
Gain on sale of mortgage loans held for sale 54 58 79 82
Other income 177 239 642 580
Total noninterest income 2,279 2,267 4,839 4,482
Noninterest Expense        
Salaries and employee benefits 5,203 4,687 10,391 9,153
Occupancy, furniture and fixtures 731 637 1,470 1,260
Data processing and ATM 701 800 1,684 1,566
FDIC assessment 210 192 417 379
Intangible asset amortization 95 35 192 35
Franchise taxes 358 358 731 708
Professional services 509 272 808 512
Merger-related expense 2,257 2,741
Conversion expense 1,977 173 2,023 173
Other operating expenses 799 716 1,499 1,362
Total noninterest expense 10,583 10,127 19,215 17,889
Income (loss) before income tax expense 2,651 (485) 6,553 2,208
Income tax expense (benefit) 362 (178) 1,028 341
Net Income (Loss) $ 2,289 $ (307) $ 5,525 $ 1,867
Basic net income (loss) per common share (in dollars per share) $ 0.36 $ (0.05) $ 0.87 $ 0.31
Diluted net income (loss) per common share $ 0.36 $ (0.05) $ 0.87 $ 0.31
Weighted average number of common shares outstanding, basic (in shares) 6,358,917 6,028,220 6,358,665 5,958,953
Weighted average number of common shares outstanding, diluted 6,361,582 6,028,220 6,360,990 5,961,037
Dividends declared per common share $ 0.73 $ 0.73 $ 0.73 $ 0.73
Deposit Account [Member]        
Noninterest Income:        
Noninterest Income $ 735 $ 678 $ 1,433 $ 1,311
Product and Service, Other [Member]        
Noninterest Income:        
Noninterest Income 72 87 156 169
Credit and Debit Card [Member]        
Noninterest Income:        
Noninterest Income 366 423 783 797
Fiduciary and Trust [Member]        
Noninterest Income:        
Noninterest Income $ 578 $ 513 $ 1,157 $ 1,016