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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Loans, including fees:      
Taxable $ 90,547 $ 79,433 $ 68,898
Tax-exempt 1,232 1,405 1,348
Investment Securities:      
Taxable 10,748 10,985 9,799
Tax-exempt 1,136 1,168 1,144
Dividends 970 331 104
Other 2,832 3,318 5,756
Total Interest and Dividend Income 107,465 96,640 87,049
INTEREST EXPENSE      
Deposits 11,194 3,695 2,561
Short-term borrowings 859 898 77
Long-term borrowings 11,801 3,727 986
Total Interest Expense 23,854 8,320 3,624
Net Interest Income 83,611 88,320 83,425
Financing Receivable, Credit Loss, Expense (Reversal) (2,763) 844  
Net Interest Income after (Reversal of) Provisions for Credit Losses and Unfunded Commitments 86,374 87,476 83,425
NONINTEREST INCOME      
Insurance commissions 9,754 9,319 8,307
Earnings on investment in bank-owned life insurance 1,979 1,878 1,532
Net gains (losses) on sales or calls of investment securities 69 (5,240) (234)
Net (losses) gains on equity securities (9) 18 (298)
Net gains on sales of low income housing partnership 0 0 421
Gain on assets held for sale 0 337 0
Other 963 1,127 1,044
Total Noninterest Income 24,730 18,445 21,807
NONINTEREST EXPENSES      
Salaries and employee benefits 42,929 40,931 35,979
Equipment 7,321 6,514 6,612
Net occupancy 4,162 3,908 4,076
Professional services 2,140 2,320 2,086
Other tax 1,446 1,269 1,632
FDIC and regulatory 1,425 1,388 1,128
Intangible assets amortization 1,244 1,424 1,492
Merger-related 2,045 0 0
Other 7,973 8,318 7,276
Total Noninterest Expenses 70,685 66,072 60,281
Income Before Income Taxes 40,419 39,849 44,951
Provision for income taxes 8,573 8,161 9,199
Net Income $ 31,846 $ 31,688 $ 35,752
PER SHARE DATA      
Basic earnings $ 3.75 $ 3.72 $ 4.15
Diluted earnings $ 3.73 $ 3.71 $ 4.15
Weighted average shares outstanding, basic (in shares) 8,503,473 8,507,803 8,623,012
Weighted average shares outstanding, diluted (in shares) 8,536,965 8,536,125 8,623,012
Financing Receivable Excluding Unfunded Commitments      
INTEREST EXPENSE      
Financing Receivable, Credit Loss, Expense (Reversal) $ (2,437) $ 860 $ 0
Unfunded Loan Commitment      
INTEREST EXPENSE      
Financing Receivable, Credit Loss, Expense (Reversal) (326) (16) 0
Wealth management      
NONINTEREST INCOME      
Revenue from contract with customer, excluding assessed tax 4,226 3,644 3,160
Service charges on deposits      
NONINTEREST INCOME      
Revenue from contract with customer, excluding assessed tax 4,144 3,958 4,066
ATM debit card charges      
NONINTEREST INCOME      
Revenue from contract with customer, excluding assessed tax 3,303 3,348 3,322
Gain from mortgage loans held for sale      
NONINTEREST INCOME      
Revenue from contract with customer, excluding assessed tax $ 301 $ 56 $ 487