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Quarterly Results of Operations (Unaudited) (Tables)
12 Months Ended
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 Quarter3rd Quarter2nd Quarter1st Quarter
Interest and dividend income$35,630 $34,901 $33,681 $33,018 
Interest expense11,943 12,444 11,894 11,655 
Net interest income23,687 22,457 21,787 21,363 
Provision for credit losses300 300 300 300 
Net interest income after provision for credit losses23,387 22,157 21,487 21,063 
Noninterest income4,995 5,419 5,098 4,928 
Operating expenses16,840 16,752 16,689 15,873 
Income tax expense2,236 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 Quarter3rd Quarter2nd Quarter1st Quarter
Interest and dividend income$32,041 $30,324 $28,471 $27,732 
Interest expense10,747 9,599 6,961 4,823 
Net interest income21,294 20,725 21,510 22,909 
Provision for credit losses250 185 300 — 
Net interest income after provision for credit losses21,044 20,540 21,210 22,909 
Noninterest income5,187 5,581 6,007 4,340 
Operating expenses16,023 16,230 16,132 15,488 
Income tax expense1,916 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