v3.26.1
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest and dividend income:        
Loans $ 14,549,000 $ 14,629,000 $ 28,871,000 $ 28,231,000
Due from banks interest bearing accounts 1,141,000 1,167,000 2,345,000 2,055,000
Investment securities:        
Taxable 4,529,000 4,137,000 8,963,000 8,485,000
Non-taxable 438,000 391,000 885,000 784,000
Other earning assets 149,000 250,000 704,000 522,000
Total interest and dividend income 20,806,000 20,574,000 41,768,000 40,077,000
Interest expense:        
Deposits 3,800,000 3,546,000 7,558,000 7,106,000
FHLB advances 0 75,000 0 75,000
Total interest expense 3,800,000 3,621,000 7,558,000 7,181,000
Net interest income 17,006,000 16,953,000 34,210,000 32,896,000
Provision for credit losses 600,000 0 900,000 850,000
Net interest income after provision for credit losses 16,406,000 16,953,000 33,310,000 32,046,000
Non-interest income:        
Gains on sales of loans held-for-sale 8,000 10,000 26,000 24,000
Investment and brokerage services income 362,000 150,000 746,000 301,000
Losses on sales/calls of available-for-sale securities (112,000) (36,000) (112,000) (89,000)
Other income 315,000 229,000 523,000 419,000
Total non-interest income 1,763,000 1,537,000 3,503,000 2,990,000
Non-interest expenses:        
Salaries and employee benefits 6,545,000 6,195,000 13,104,000 12,569,000
Occupancy and equipment 1,118,000 1,280,000 2,154,000 2,419,000
Data processing 1,395,000 1,099,000 2,528,000 2,195,000
Stationery and supplies 150,000 65,000 219,000 148,000
Advertising 107,000 97,000 189,000 230,000
Directors’ fees 97,000 87,000 150,000 134,000
Amortization of intangible assets 245,000 180,000 498,000 369,000
Other expense 2,297,000 1,890,000 4,144,000 4,419,000
Total non-interest expenses 11,954,000 10,893,000 22,986,000 22,483,000
Income before provision for income taxes 6,215,000 7,597,000 13,827,000 12,553,000
Provision for income taxes 1,487,000 2,131,000 3,193,000 3,416,000
Net income $ 4,728,000 $ 5,466,000 $ 10,634,000 $ 9,137,000
Basic earnings per common share (in dollars per share) $ 0.29 $ 0.33 $ 0.66 $ 0.56
Diluted earnings per common share (in dollars per share) $ 0.29 $ 0.33 $ 0.64 $ 0.55
Deposit Account [Member]        
Non-interest income:        
Revenue from Contract with Customer, Including Assessed Tax $ 431,000 $ 415,000 $ 847,000 $ 837,000
Loan Servicing [Member]        
Non-interest income:        
Revenue from Contract with Customer, Including Assessed Tax 74,000 71,000 143,000 147,000
Debit Card [Member]        
Non-interest income:        
Revenue from Contract with Customer, Including Assessed Tax $ 685,000 $ 698,000 $ 1,330,000 $ 1,351,000