XML 14 R4.htm IDEA: XBRL DOCUMENT v3.25.1
Unaudited Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest Income    
Loans, including fees $ 27,324 $ 30,117
Interest-bearing time deposits in other banks 101 253
Debt securities, taxable 283 1,012
Debt securities, tax-exempt 63 73
Other interest and dividend income 2,667 1,832
Total interest income 30,438 33,287
Interest Expense    
Deposits 9,600 11,277
Total interest expense 9,600 11,277
Net Interest Income 20,838 22,010
Provision for Credit Losses 0 0
Net Interest Income After Provision for Credit Losses 20,838 22,010
Noninterest Income    
Mortgage lending income 93 51
Service charges on deposit accounts 218 249
Other 1,446 1,708
Total noninterest income 1,757 2,008
Noninterest Expense    
Salaries and employee benefits 5,280 5,289
Furniture and equipment 250 230
Occupancy 592 661
Data and item processing 510 458
Accounting, marketing and legal fees 105 99
Regulatory assessments 83 386
Advertising and public relations 194 145
Travel, lodging and entertainment 56 51
Other 1,812 1,816
Total noninterest expense 8,882 9,135
Income before taxes 13,713 14,883
Income tax expense 3,377 3,595
Net Income $ 10,336 $ 11,288
Earnings per common share - basic (in dollars per share) $ 1.1 $ 1.22
Earnings per common share - diluted (in dollars per share) $ 1.08 $ 1.21
Weighted average common shares outstanding - basic (in shares) 9,421,534 9,220,154
Weighted average common shares outstanding - diluted (in shares) 9,552,273 9,317,813
Other comprehensive income    
Unrealized gains on securities, net of tax (expense) benefit of ($237) and $0 for the three months ended March 31, 2025 and 2024, respectively $ 642 $ 456
Other comprehensive income 642 456
Comprehensive Income $ 10,978 $ 11,744