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Interim Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest income    
Loans, including fees $ 18,057 $ 14,889
AFS securities    
Taxable 2,258 2,502
Nontaxable 626 718
Federal funds sold and other 439 486
Total interest income 21,380 18,595
Interest expense    
Deposits 7,163 2,829
Interest Expense, Federal Funds Purchased and Securities Sold under Agreements to Repurchase 321 149
Interest Expense Federal Home Loan Bank Advances 388 0
Interest Expense, Subordinated Notes and Debentures 266 266
Total interest expense 8,138 3,244
Net interest income 13,242 15,351
Provision for loan losses 392 41
Net interest income after provision for loan losses 12,850 15,310
Noninterest income    
Noninterest Income, Service Charges and Fees 2,046 1,978
Noninterest Income Investment and Trust Advisory Fees 939 786
Earnings on corporate owned life insurance policies 243 226
Net gain on sale of mortgage loans 34 67
Other 206 236
Total noninterest income 3,468 3,293
Noninterest expenses    
Compensation and benefits 7,015 6,589
Furniture and equipment 1,675 1,597
Occupancy 1,031 1,005
Other 2,955 3,007
Total noninterest expenses 12,676 12,198
Income before federal income tax expense 3,642 6,405
Federal Income Tax Expense (Benefit), Continuing Operations 511 1,084
NET INCOME $ 3,131 $ 5,321
Earnings per share    
Basic (in dollars per share) $ 0.42 $ 0.70
Diluted (in dollars per share) 0.42 0.70
Cash dividends per basic share (in dollars per share) $ 0.28 $ 0.28