v3.26.3
Consolidated Statements of Income (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Interest income        
Interest and fees on loans $ 15,280,406 $ 14,201,931 $ 44,461,625 $ 41,108,667
Interest on taxable debt securities 701,640 912,616 2,248,212 2,719,893
Interest on tax-exempt debt securities 80,411 80,411 241,234 241,234
Dividends 35,438 68,400 134,759 174,886
Interest on federal funds sold and overnight deposits 148,689 153,496 1,230,200 547,302
Total interest income 16,246,584 15,416,854 48,316,030 44,791,982
Interest expense        
Interest on deposits 4,009,312 3,765,915 12,195,485 11,923,830
Interest on borrowed funds 131,946 663,155 819,734 1,478,729
Interest on repurchase agreements 226,491 234,756 782,597 818,772
Interest on junior subordinated debentures 223,156 242,038 666,848 726,796
Total interest expense 4,590,905 4,905,864 14,464,664 14,948,127
Net interest income 11,655,679 10,510,990 33,851,366 29,843,855
Credit loss expense 473,309 258,753 1,585,781 990,853
Net interest income after credit loss expense 11,182,370 10,252,237 32,265,585 28,853,002
Non-interest income        
Service fees 1,011,068 1,002,753 2,935,764 2,859,310
Income from sold loans 95,274 102,389 254,511 268,470
Other income from loans 304,290 260,459 1,191,528 862,385
Income from investment in CFS Partners 352,499 591,020 1,174,733 1,388,678
Other income 143,880 138,433 408,559 353,531
Total non-interest income 1,907,011 2,095,054 5,965,095 5,732,374
Non-interest expense        
Salaries and wages 2,561,698 2,432,661 7,773,301 7,145,388
Employee benefits 1,115,766 959,918 3,329,883 3,034,163
Occupancy expenses, net 775,069 748,354 2,329,512 2,324,661
Other expenses 2,478,238 2,452,565 7,720,670 7,260,297
Total non-interest expense 6,930,771 6,593,498 21,153,366 19,764,509
Income before income taxes 6,158,610 5,753,793 17,077,314 14,820,867
Income tax expense 1,067,995 1,007,006 2,929,813 2,488,849
Net income $ 5,090,615 $ 4,746,787 $ 14,147,501 $ 12,332,018
Earnings per common share $ 0.91 $ 0.84 $ 2.53 $ 2.18
Weighted average number of common shares used in computing earnings per share 5,604,048 5,607,086 5,595,042 5,608,353
Dividends declared per common share $ 0.26 $ 0.25 $ 0.76 $ 0.73