v3.26.1
Consolidated Statements of Income - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest Income        
Loans, including fees $ 8,464,000 $ 8,469,000 $ 16,696,000 $ 16,222,000
Investment securities, taxable 150,000 151,000 305,000 315,000
Investment securities, tax-exempt 198,000 217,000 396,000 433,000
Interest-earning deposits 576,000 270,000 1,045,000 504,000
Total Interest Income 9,388,000 9,107,000 18,442,000 17,474,000
Interest Expense        
Deposits 2,472,000 2,948,000 4,844,000 5,790,000
Long-term debt 0 28,000 0 78,000
Finance lease and other 23,000 9,000 46,000 19,000
Total Interest Expense 2,495,000 2,985,000 4,890,000 5,887,000
Net Interest Income 6,893,000 6,122,000 13,552,000 11,587,000
Provision for Credit Losses 119,000 0 5,000 48,000
Net Interest Income After Provision for Credit Losses 6,774,000 6,122,000 13,547,000 11,539,000
Non-Interest Income        
Service charges and fees 272,000 273,000 522,000 510,000
Debit card fees 197,000 201,000 378,000 388,000
Earnings on bank-owned life insurance 249,000 221,000 491,000 438,000
Gain on equity securities   65,000 0 111,000
Recovery on previously impaired investment securities 0 1,000 0 2,000
Earnings on annuity assets 16,000 23,000 32,000 46,000
Other 15,000 16,000 29,000 29,000
Total Non-Interest Income 749,000 800,000 1,452,000 1,524,000
Non-Interest Expense        
Salaries and employee benefits 3,090,000 2,854,000 6,396,000 5,768,000
Occupancy and equipment 642,000 615,000 1,361,000 1,291,000
Data processing 426,000 457,000 786,000 916,000
Professional services 266,000 251,000 528,000 565,000
Telephone and communications 77,000 79,000 152,000 171,000
FDIC insurance 73,000 74,000 152,000 146,000
Postage and supplies 55,000 57,000 124,000 137,000
Advertising 4,000 15,000 12,000 26,000
Other 240,000 223,000 485,000 483,000
Total Non-Interest Expense 4,873,000 4,625,000 9,996,000 9,503,000
Income before Income Taxes 2,650,000 2,297,000 5,003,000 3,560,000
Income Tax Expense 477,000 378,000 907,000 585,000
Net Income $ 2,173,000 $ 1,919,000 $ 4,096,000 $ 2,975,000
Earnings Per Common Share: Basic $ 0.29 $ 0.25 $ 0.56 $ 0.39
Earnings Per Common Share: Diluted 0.29 0.25 0.56 0.39
Dividends declared per share $ 0.09 $ 0 $ 0.18 $ 0.13