v3.26.1
Condensed Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
INTEREST INCOME        
Loans, including fees $ 13,777 $ 13,695 $ 27,083 $ 26,283
Interest and dividends on investments, cash and cash equivalents 1,069 1,220 2,227 2,339
Total interest income 14,846 14,915 29,310 28,622
INTEREST EXPENSE        
Deposits 4,976 5,225 10,100 10,430
Borrowings 90 267 198 529
Subordinated notes 189 168 375 336
Total interest expense 5,255 5,660 10,673 11,295
Net interest income 9,591 9,255 18,637 17,327
(RELEASE OF) PROVISION FOR CREDIT LOSSES (223) 170 (100) (33)
Net interest income after (release of) provision for credit losses 9,814 9,085 18,737 17,360
NONINTEREST INCOME        
Service charges and fee income 684 664 1,307 1,348
Earnings on BOLI 277 229 407 423
Mortgage servicing income 245 263 493 531
Fair value adjustment on MSRs 119 (80) (21) (179)
Net gain on sale of loans 112 44 212 93
Other income (loss) (8) 0 (61) 0
Total noninterest income 1,429 1,120 2,337 2,216
NONINTEREST EXPENSE        
Salaries and benefits 4,645 4,321 9,103 8,916
Operations 1,617 1,443 3,118 2,808
Regulatory assessments 129 222 327 442
Occupancy 388 416 815 853
Data processing 1,332 1,254 2,619 2,547
Net loss and expenses on OREO and repossessed assets 17 9 20 12
Total noninterest expense 8,128 7,665 16,002 15,578
Income before provision for income taxes 3,115 2,540 5,072 3,998
Provision for income taxes 597 488 981 779
Net income $ 2,518 $ 2,052 $ 4,091 $ 3,219
Earnings per common share:        
Basic (in dollars per share) $ 0.98 $ 0.80 $ 1.59 $ 1.25
Diluted (in dollars per share) $ 0.98 $ 0.79 $ 1.59 $ 1.24
Weighted-average number of common shares outstanding:        
Basic (in shares) 2,564,165 2,556,562 2,563,316 2,555,413
Diluted (in shares) 2,574,631 2,577,990 2,574,389 2,578,287