v3.26.1
Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest and Dividend Income        
Loans, including fees $ 7,875 $ 7,680 $ 15,400 $ 15,007
Taxable 234 388 467 775
Non-taxable 2,062 1,858 4,110 3,754
Federal funds sold 286 395 410 533
Dividends on Federal Home Loan Bank stock and other stock 76 90 160 184
Total interest and dividend income 10,533 10,411 20,547 20,253
Interest expense        
Deposits 2,260 2,188 4,360 4,203
Borrowings 1,269 1,628 2,672 3,208
Total interest expense 3,529 3,816 7,032 7,411
Net interest income 7,004 6,595 13,515 12,842
Credit Loss Expense        
Provision for credit loss expense - loans 126 206 156 302
Reversal of credit loss expense - off balance sheet commitments 0 0 0  
Provision for Credit Loss Expense 126 206 156 302
Net interest income after provision for (reversal of) credit losses 6,878 6,389 13,359 12,540
Noninterest Income        
Service charges on deposit accounts 847 801 1,639 1,534
Realized gains on sale of available-for-sale securities       144
Realized gains on sales of loans 231 141 329 225
Earnings on bank-owned life insurance 412 187 837 380
Other income 127 261 237 388
Total noninterest income 1,617 1,390 3,042 2,671
Noninterest expense        
Salaries and employee benefits 3,189 2,869 6,193 5,706
Occupancy and Equipment 752 620 1,563 1,250
Professional services 461 508 798 850
Data processing and related electronic services 527 409 1,040 775
FDIC Insurance 99 94 198 188
Insurance 182 159 365 321
Franchise and other taxes 143 127 284 272
Advertising 130 130 261 260
Stationery and office supplies 34 38 66 69
Amortization of intangibles   38   75
Other expenses 917 851 1,821 1,663
Total noninterest expense 6,434 5,843 12,589 11,429
Income Before Federal Income Taxes 2,061 1,936 3,812 3,782
Provision (Benefit) for Federal Income Taxes (34) 22 (194) (4)
Net Income $ 2,095 $ 1,914 $ 4,006 $ 3,786
Basic Earnings Per Share $ 0.36 $ 0.33 $ 0.69 $ 0.65
Diluted Earnings Per Share 0.36 0.33 0.69 0.65
Dividends Per Share $ 0.195 $ 0.185 $ 0.5625 $ 0.5425