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Quarterly Results of Operations (Unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2024
Quarterly Financial Information Disclosure [Abstract] |
Schedule of Quarterly Results of Operations | The following tables present certain unaudited consolidated quarterly financial information regarding the Company’s results of operations for each of the eight consecutive quarters in the fiscal years of 2024 and 2023. This information is derived from unaudited consolidated financial statements that include, in the Company’s opinion, all adjustments necessary for a fair presentation when read in conjunction with the Company’s consolidated financial statements and notes thereto as of and for the years ended December 31, 2024 and 2023.
| 2024
(in thousands, except per share data) | 4th Quarter |  | 3rd Quarter |  | 2nd Quarter |  | 1st Quarter
Interest and dividend income | $ | 35,630 |  |  | $ | 34,901 |  |  | $ | 33,681 |  |  | $ | 33,018 |
Interest expense | 11,943 |  |  | 12,444 |  |  | 11,894 |  |  | 11,655 |
Net interest income | 23,687 |  |  | 22,457 |  |  | 21,787 |  |  | 21,363 |
Provision for credit losses | 300 |  |  | 300 |  |  | 300 |  |  | 300 |
Net interest income after provision for credit losses | 23,387 |  |  | 22,157 |  |  | 21,487 |  |  | 21,063 |
Noninterest income | 4,995 |  |  | 5,419 |  |  | 5,098 |  |  | 4,928 |
Operating expenses | 16,840 |  |  | 16,752 |  |  | 16,689 |  |  | 15,873 |
Income tax expense | 2,236 |  |  | 2,070 |  |  | 1,909 |  |  | 1,930 |
Net income | $ | 9,306 |  |  | $ | 8,754 |  |  | $ | 7,987 |  |  | $ | 8,188 |
Earnings per share |  |  |  |  |  |  |
Basic | $ | 1.37 |  |  | $ | 1.28 |  |  | $ | 1.16 |  |  | $ | 1.16 |
Diluted | $ | 1.37 |  |  | $ | 1.27 |  |  | $ | 1.16 |  |  | $ | 1.16 |
| 2023
(in thousands, except per share data) | 4th Quarter |  | 3rd Quarter |  | 2nd Quarter |  | 1st Quarter
Interest and dividend income | $ | 32,041 |  |  | $ | 30,324 |  |  | $ | 28,471 |  |  | $ | 27,732 |
Interest expense | 10,747 |  |  | 9,599 |  |  | 6,961 |  |  | 4,823 |
Net interest income | 21,294 |  |  | 20,725 |  |  | 21,510 |  |  | 22,909 |
Provision for credit losses | 250 |  |  | 185 |  |  | 300 |  |  | — |
Net interest income after provision for credit losses | 21,044 |  |  | 20,540 |  |  | 21,210 |  |  | 22,909 |
Noninterest income | 5,187 |  |  | 5,581 |  |  | 6,007 |  |  | 4,340 |
Operating expenses | 16,023 |  |  | 16,230 |  |  | 16,132 |  |  | 15,488 |
Income tax expense | 1,916 |  |  | 1,870 |  |  | 2,117 |  |  | 2,163 |
Net income | $ | 8,292 |  |  | $ | 8,021 |  |  | $ | 8,968 |  |  | $ | 9,598 |
Earnings per share |  |  |  |  |  |  |
Basic | $ | 1.16 |  |  | $ | 1.12 |  |  | $ | 1.25 |  |  | $ | 1.34 |
Diluted | $ | 1.16 |  |  | $ | 1.12 |  |  | $ | 1.25 |  |  | $ | 1.33 |

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 270 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1 + Details
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