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 and dividend income:        
Loans, including fees $ 17,688 $ 17,330 $ 34,521 $ 34,363
Federal funds sold 288 64 782 248
Other interest-bearing deposits 47 45 82 87
Investment securities:        
Taxable 1,066 1,265 2,169 2,574
Tax exempt 326 323 648 646
Dividends 83 109 173 224
Total interest and dividend income 19,498 19,136 38,375 38,142
Interest expense:        
Demand deposits 67 67 137 136
Money market and savings deposits 2,940 2,927 5,993 5,930
Certificates and other time deposits 2,478 2,670 5,063 5,724
Borrowings 194 582 386 1,091
Federal funds purchased 0 18 0 25
Junior subordinated debt 71 76 141 146
Total interest expense 5,750 6,340 11,720 13,052
Net interest income 13,748 12,796 26,655 25,090
Provision for (recovery of) credit losses 231 3 (105) (157)
Net interest income after provision for (recovery of) credit losses 13,517 12,793 26,760 25,247
Noninterest income:        
Wealth management fees 214 206 434 435
Deposit account fees 359 293 725 600
Debit/credit card and ATM fees 245 355 496 725
Bank owned life insurance income 332 307 651 600
Gains on sale of assets, net 0 0 5 278
Gain on sale of limited partnership investment 4,662 0 4,662 0
Other 220 150 548 433
Total noninterest income 6,032 1,311 7,521 3,071
Noninterest expense:        
Salaries and employee benefits 4,027 3,863 8,026 7,799
Net occupancy 720 889 1,499 1,905
Equipment 212 202 398 388
Bank franchise tax 468 489 936 828
Computer software 214 266 428 522
Data processing 609 732 1,159 1,467
FDIC deposit insurance assessment 187 145 362 290
Marketing, advertising and promotion 254 179 521 433
Professional fees 333 331 681 587
Core deposit intangible amortization 236 284 483 579
Other 1,009 1,301 1,975 2,707
Total noninterest expense 8,269 8,681 16,468 17,505
Income before income taxes 11,280 5,423 17,813 10,813
Provision for income taxes 2,272 1,185 3,545 2,086
Net income $ 9,008 $ 4,238 $ 14,268 $ 8,727
Net income per common share, basic $ 1.66 $ 0.79 $ 2.63 $ 1.62
Net income per common share, diluted $ 1.65 $ 0.78 $ 2.62 $ 1.61
Weighted average common shares outstanding, basic 5,423,642 5,391,979 5,416,631 5,385,461
Weighted average common shares outstanding, diluted 5,455,403 5,417,900 5,449,309 5,410,430