v3.26.1
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 INCOME        
Loans, including fees $ 15,403 $ 14,404 $ 30,371 $ 28,363
Securities, taxable 2,458 2,248 4,784 4,218
Securities, non-taxable 298 297 596 594
Short-term investments, including federal funds sold 1,088 777 2,000 1,489
Total Interest Income 19,247 17,726 37,751 34,664
INTEREST EXPENSE        
Deposits 7,122 7,270 14,159 14,333
Securities sold under agreements to repurchase and federal funds purchased 21 37 47 82
Short-term borrowings       2
Total Interest Expense 7,143 7,307 14,206 14,417
Net Interest Income 12,104 10,419 23,545 20,247
PROVISION (CREDIT) FOR CREDIT LOSSES 384 (178) 404 (131)
Net Interest Income after Provision (Credit) for Credit Losses 11,720 10,597 23,141 20,378
OTHER NON-INTEREST INCOME        
Merchant and credit card processing fees 71 59 138 128
Debit card interchange fees 269 243 503 459
Other service fees 219 170 426 343
Bank owned life insurance 496 464 704 635
Total Other Non-Interest Income 1,055 936 1,771 1,565
OTHER NON-INTEREST EXPENSES        
Salaries and employee benefits 3,827 3,827 7,692 7,415
Occupancy and equipment 1,119 1,033 2,265 2,125
Data processing 1,035 952 1,995 1,693
Advertising and promotion 293 218 546 442
Professional fees 316 269 604 568
FDIC insurance 212 196 422 391
Loan & real estate 82 89 138 164
Charitable contributions 340 313 583 537
Other 559 508 1,097 972
Total Other Non-Interest Expenses 7,783 7,405 15,342 14,307
Income Before Income Taxes 4,992 4,128 9,570 7,636
INCOME TAX EXPENSE 869 691 1,708 1,312
Net Income $ 4,123 $ 3,437 $ 7,862 $ 6,324
BASIC EARNINGS PER SHARE $ 0.56 $ 0.45 $ 1.05 $ 0.83
DILUTED EARNINGS PER SHARE 0.56 0.45 1.05 0.83
DIVIDENDS PER SHARE $ 0.55 $ 0.48 $ 0.55 $ 0.48