XML 14 R4.htm IDEA: XBRL DOCUMENT v3.25.1
CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest and dividend income:    
Loans $ 21,170 $ 18,740
Securities 3,781 2,341
Interest-earning deposits with banks and other 897 2,034
Total interest and dividend income 25,848 23,115
Interest expense:    
Deposits 6,418 5,536
Borrowings and other 347 248
Total interest expense 6,765 5,784
Net interest income 19,083 17,331
Provision for credit losses 800 80
Net interest income after provision for credit losses 18,283 17,251
Noninterest income:    
Bank fees and service charges 1,364 1,501
Insurance and wealth management services 2,326 2,298
Net gain on equity securities   386
Other 35 49
Total noninterest income 3,725 4,234
Noninterest expense:    
Salaries and employee benefits 8,294 7,387
Net occupancy and equipment 1,948 1,912
Data processing 844 1,065
Advertising and marketing 243 164
Insurance premiums 251 221
Federal Deposit Insurance Corporation insurance premiums 225 271
Professional fees 1,935 3,102
Other 851 1,307
Total noninterest expense 14,591 15,429
Income before income taxes 7,417 6,056
Income tax expense 1,654 1,337
Net income $ 5,763 $ 4,719
Net earnings per common share:    
Basic (in dollars per share) $ 0.23 $ 0.19
Diluted (in dollars per share) $ 0.23 $ 0.19
Weighted average shares outstanding - basic (in shares) 24,812,752 25,220,299
Weighted average shares outstanding - diluted (in shares) 24,937,030 25,220,299