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 $ 12,998 $ 11,497 $ 25,524 $ 22,372
Taxable securities 1,885 1,678 3,847 3,473
Nontaxable securities 65 75 129 150
Other 476 678 894 1,214
Total interest and dividend income 15,424 13,928 30,394 27,209
INTEREST EXPENSE        
Deposits 3,486 3,515 6,924 7,042
Short-term borrowings 57 62 120 129
Other borrowings 5 6 9 12
Total interest expense 3,548 3,583 7,053 7,183
NET INTEREST INCOME 11,876 10,345 23,341 20,026
Provision for credit loss expense - loans 609 639 1,093 1,047
Provision for (recovery of) credit loss expense - off-balance sheet commitments (24) (25) (13) (31)
Total provision for credit loss expense 585 614 1,080 1,016
NET INTEREST INCOME AFTER CREDIT LOSS EXPENSE 11,291 9,731 22,261 19,010
NONINTEREST INCOME        
Gain on sale of loans, net 75 81 127 130
Earnings on bank owned life insurance 266 229 521 445
Unrealized gain on equity securities 17 6 41 6
Other income 188 195 371 388
Total noninterest income 1,952 1,777 3,824 3,473
NONINTEREST EXPENSES        
Salaries and employee benefits 4,249 3,921 8,482 7,618
Occupancy expense 336 352 684 708
Equipment expense 210 223 418 429
Professional and director fees 411 392 869 805
Financial institutions tax 252 233 505 463
Marketing and public relations 153 154 284 259
Software expense 524 441 1,045 844
Debit card expense 221 198 429 409
FDIC insurance expense 143 135 290 285
Other expenses 844 829 1,642 1,539
Total noninterest expenses 7,343 6,878 14,648 13,359
Income before income taxes 5,900 4,630 11,437 9,124
FEDERAL INCOME TAX PROVISION 1,165 903 2,258 1,781
NET INCOME $ 4,735 $ 3,727 $ 9,179 $ 7,343
Basic net earnings per share $ 1.8 $ 1.41 $ 3.49 $ 2.78
Diluted net earnings per share $ 1.8 $ 1.41 $ 3.49 $ 2.78
Deposit Account [Member]        
NONINTEREST INCOME        
Noninterest income $ 325 $ 297 $ 631 $ 592
Fiduciary and Trust [Member]        
NONINTEREST INCOME        
Noninterest income 289 268 607 546
Debit Card [Member]        
NONINTEREST INCOME        
Noninterest income 599 550 1,142 1,065
Credit Card [Member]        
NONINTEREST INCOME        
Noninterest income $ 193 $ 151 $ 384 $ 301