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Interim Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest income    
Loans interest income $ 19,348 $ 18,057
Interest Income, Debt Securities, Available-for-Sale, Operating 2,643 2,884
FHLB stock dividend income 160 146
Federal funds sold and other 482 293
Total interest income 22,633 21,380
Interest expense    
Deposits 7,463 7,163
Interest Expense, Federal Funds Purchased and Securities Sold under Agreements to Repurchase 341 321
Interest Expense, Federal Home Loan Bank and Federal Reserve Bank Advances, Short-Term 38 388
Interest Expense, Subordinated Notes and Debentures 266 266
Interest Expense, Operating, Total 8,108 8,138
Net interest income 14,525 13,242
Provision for loan losses (107) 392
Net interest income after provision for loan losses 14,632 12,850
Noninterest income    
Noninterest Income, Service Charges and Fees 1,974 1,933
Noninterest Income Investment and Trust Advisory Fees 979 939
Earnings on corporate owned life insurance policies 372 243
Net gain on sale of mortgage loans 30 34
Other 173 319
Total noninterest income 3,528 3,468
Noninterest expenses    
Compensation and benefits 7,383 7,015
Occupancy and equipment 2,600 2,706
Professional and Contract Services Expense 711 513
ATM and Debit Card Expense 486 469
Marketing Expense 459 426
FDIC insurance premiums 303 252
Other 1,357 1,295
Total noninterest expenses 13,299 12,676
Income before federal income tax expense 4,861 3,642
Federal Income Tax Expense (Benefit), Continuing Operations 912 511
NET INCOME $ 3,949 $ 3,131
Earnings per share    
Basic (in dollars per share) $ 0.53 $ 0.42
Diluted (in dollars per share) 0.53 0.42
Cash dividends per basic share (in dollars per share) $ 0.28 $ 0.28