v3.26.1
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 $ 10,691 $ 10,479 $ 21,305 $ 20,704
Investment securities:        
Investment securities, taxable 2,836 2,876 5,627 5,653
Investment securities, non-taxable 465 314 910 619
Equity securities 5 5 10 10
Interest-earning deposits with banks and federal funds sold 882 662 1,610 1,152
Total interest income 14,879 14,336 29,462 28,138
Interest Expense        
Interest checking and money market accounts 1,671 1,609 3,396 3,169
Savings deposits 304 138 565 272
Time deposits, $250,000 and over 1,125 1,217 2,329 2,560
Other time deposits 1,251 1,306 2,555 2,624
Short-term borrowed funds 1 11 2 23
Long-term debt 341 324 665 655
Total interest expense 4,693 4,605 9,512 9,303
Net interest income 10,186 9,731 19,950 18,835
Provision for (recovery of) credit losses on:        
Loans (405) 242 (487) 530
Securities held to maturity (1) (14) (1) (14)
Unfunded loan commitments (18) 26 2 19
Total provision for (recovery of) credit losses (424) 254 (486) 535
Net interest income after provision for (recovery of) credit losses 10,610 9,477 20,436 18,300
Noninterest Income        
Service charges on deposit accounts 286 263 575 522
Other service fees and commissions 1,109 989 2,163 1,970
Interchange and card transaction fees, net 341 308 583 557
Gain on sale of securities     186  
Realized/unrealized gain (loss) on equity securities (825) 14 846 (9)
Income from mortgage banking 997 1,027 2,178 2,078
Supplemental executive retirement plan loss 363 373 169 124
Other income 124 110 304 223
Total noninterest income 4,045 3,084 7,004 5,465
Noninterest Expense        
Salaries and employee benefits 5,973 5,711 11,855 11,131
Net occupancy expense 480 433 977 897
Equipment expense 205 207 404 411
Data processing costs 237 228 462 441
Loan costs 84 69 150 158
Professional fees and services 210 267 423 537
Marketing and donations 666 359 1,061 718
Electronic banking expense 129 123 267 234
Software amortization and maintenance 431 356 841 720
FDIC insurance 142 134 283 263
Supplemental executive retirement plan loss 363 373 169 124
Other noninterest expense 743 720 1,466 1,274
Total noninterest expense 9,663 8,980 18,358 16,908
Income before income taxes 4,992 3,581 9,082 6,857
Income taxes 1,079 757 1,954 1,480
Net income 3,913 2,824 7,128 5,377
Less: net income attributable to noncontrolling interest (141) (141) (280) (280)
Net income attributable to common shareholders $ 3,772 $ 2,683 $ 6,848 $ 5,097
Net income per common share        
Basic $ 0.53 $ 0.37 $ 0.96 $ 0.7
Diluted $ 0.53 $ 0.37 $ 0.96 $ 0.7
Weighted average common shares outstanding        
Basic 7,131,251 7,258,577 7,149,389 7,273,277
Diluted 7,131,251 7,258,577 7,149,389 7,273,277