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 $ 9,647 $ 8,899 $ 19,409 $ 17,265
Investment securities - taxable 798 1,070 1,643 2,121
Investment securities - tax exempt 157 153 298 309
Federal funds sold and other interest earning assets 417 171 819 485
Total interest income 11,019 10,293 22,169 20,180
Interest expense        
Deposits 3,417 4,071 6,922 8,321
Securities sold under repurchase agreements 10 12 26 29
Federal Home Loan Bank advances 559 110 1,158 122
Long-term debt 258 109 516 222
Total interest expense 4,244 4,302 8,622 8,694
Net interest income 6,775 5,991 13,547 11,486
Provision for credit losses 0 238 0 268
Net interest income after provision for credit losses 6,775 5,753 13,547 11,218
Noninterest income        
Mortgage banking income 72 47 130 76
Bank owned life insurance income 102 106 202 211
Fair value adjustment of equity security (2) 1 (5) 9
Gain on settlement of fair value hedge 0 0 0 94
Total noninterest income 523 456 954 969
Noninterest expense        
Salaries 2,348 2,191 4,425 4,398
Employee benefits 583 531 1,277 913
Occupancy 319 280 664 608
Furniture and equipment 420 480 885 815
Professional services 201 218 344 391
Automated teller machine and debit card expenses 147 168 316 336
Federal Deposit Insurance Corporation premiums 81 117 182 316
Postage, delivery, and armored carrier 65 64 131 142
Advertising 49 74 106 130
Other real estate owned expense, net 6 67 50 71
Other 573 540 1,154 1,108
Total noninterest expense 4,792 4,730 9,534 9,228
Income before income taxes 2,506 1,479 4,967 2,959
Income taxes 610 280 1,246 596
Net income $ 1,896 $ 1,199 $ 3,721 $ 2,363
Earnings per common share - basic (in dollars per share) $ 0.58 $ 0.38 $ 1.14 $ 0.74
Earnings per common share - diluted (in dollars per share) $ 0.58 $ 0.38 $ 1.14 $ 0.74
Deposit Account [Member]        
Noninterest income        
Service charges on deposit accounts $ 174 $ 178 $ 331 $ 342
Other fees and commissions 174 178 331 342
Financial Service, Other [Member]        
Noninterest income        
Service charges on deposit accounts 177 124 296 236
Other fees and commissions $ 177 $ 124 $ 296 $ 236