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Quarterly Financial Data (Tables)
 12 Months Ended
Dec. 31, 2024
Quarterly Financial Information Disclosure [Abstract]  
Summary of Quarterly Financial Data

Quarterly Financial Data - UNAUDITED

 

(In Thousands, Except Per Share Data)

 

 

 

Quarter Ended in 2024

 

 

 

Mar 31

 

 

June 30

 

 

Sep 30

 

 

Dec 31

 

Summary of Income:

 

 

 

 

 

 

 

 

 

 

 

 

Interest income

 

$

38,654

 

 

$

41,166

 

 

$

41,901

 

 

$

41,851

 

Interest expense

 

 

18,536

 

 

 

19,791

 

 

 

20,312

 

 

 

19,021

 

Net Interest Income

 

 

20,118

 

 

 

21,375

 

 

 

21,589

 

 

 

22,830

 

Provision for (Recovery of) Credit Losses - Loans*

 

 

(289

)

 

 

605

 

 

 

282

 

 

 

346

 

Provision for (Recovery of) Credit Losses - Off Balance
   Sheet Credit Exposures*

 

 

(266

)

 

 

(18

)

 

 

(267

)

 

 

(120

)

Net Interest Income After Provision for Credit Losses*

 

 

20,673

 

 

 

20,788

 

 

 

21,574

 

 

 

22,604

 

Other expense

 

 

(13,895

)

 

 

(13,629

)

 

 

(13,465

)

 

 

(12,077

)

Net income before income taxes

 

 

6,778

 

 

 

7,159

 

 

 

8,109

 

 

 

10,527

 

Income taxes

 

 

1,419

 

 

 

1,477

 

 

 

1,593

 

 

 

2,146

 

Net income

 

$

5,359

 

 

$

5,682

 

 

$

6,516

 

 

$

8,381

 

Earnings per Common Share

 

$

0.39

 

 

$

0.42

 

 

$

0.48

 

 

$

0.61

 

Average common shares outstanding

 

 

13,671,166

 

 

 

13,681,501

 

 

 

13,687,119

 

 

 

13,699,869

 

 

 

 

 

(In Thousands, Except Per Share Data)

 

 

 

Quarter Ended in 2023

 

 

 

Mar 31

 

 

June 30

 

 

Sep 30

 

 

Dec 31

 

Summary of Income:

 

 

 

 

 

 

 

 

 

 

 

 

Interest income

 

$

31,802

 

 

$

33,377

 

 

$

36,359

 

 

$

38,270

 

Interest expense

 

 

10,120

 

 

 

13,259

 

 

 

16,697

 

 

 

18,335

 

Net Interest Income

 

 

21,682

 

 

 

20,118

 

 

 

19,662

 

 

 

19,935

 

Provision for (Recovery of) Credit Losses - Loans*

 

 

817

 

 

 

143

 

 

 

460

 

 

 

278

 

Provision for (Recovery of) Credit Losses - Off Balance
   Sheet Credit Exposures*

 

 

62

 

 

 

(129

)

 

 

(76

)

 

 

189

 

Net Interest Income After Provision for Credit Losses*

 

 

20,803

 

 

 

20,104

 

 

 

19,278

 

 

 

19,468

 

Other expense

 

 

(12,754

)

 

 

(12,572

)

 

 

(13,380

)

 

 

(12,593

)

Net income before income taxes

 

 

8,049

 

 

 

7,532

 

 

 

5,898

 

 

 

6,875

 

Income taxes

 

 

1,583

 

 

 

1,531

 

 

 

1,121

 

 

 

1,332

 

Net income

 

$

6,466

 

 

$

6,001

 

 

$

4,777

 

 

$

5,543

 

Earnings per Common Share

 

$

0.47

 

 

$

0.44

 

 

$

0.35

 

 

$

0.41

 

Average common shares outstanding

 

 

13,615,655

 

 

 

13,632,440

 

 

 

13,650,823

 

 

 

13,665,773