XML 22 R5.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Interest and Dividend Income:    
Loans, including fees $ 112,128 $ 97,228
Taxable securities 13,029 14,283
Tax exempt securities 1,009 1,035
Interest-earning deposits 1,398 528
Total interest and dividend income 127,564 113,074
Interest Expense:    
Deposits 50,052 35,926
Borrowed funds 3,453 2,691
Total interest expense 53,505 38,617
Net interest income 74,059 74,457
Provision (credit) for credit losses (46) 3,262
Net interest income after provision for credit losses 74,105 71,195
Non-Interest Income:    
Net (losses) on securities transactions 0 (39)
Change in fair value of equity investments 179 103
Net gain on sales of loans held for sale 214 144
Net gains (losses) on sales of other real estate owned (18) 37
Income from bank owned life insurance 38 43
Other 2,776 5,276
Total non-interest income 23,230 24,549
Non-Interest Expenses:    
Salaries and wages 28,457 26,832
Pension and other employee benefits 8,083 7,368
Other components of net periodic pension cost (benefit) (909) (676)
Net occupancy expenses 5,832 5,637
Furniture and equipment expenses 1,659 1,728
Data processing expense 10,093 9,840
Professional services 2,353 2,293
Marketing and advertising expense 1,182 923
Other real estate owned expenses 157 (20)
FDIC insurance 2,120 2,128
Loan expense 1,182 1,047
Other 7,041 7,143
Total non-interest expenses 67,250 64,243
Income before income tax expense 30,085 31,501
Income tax expense 6,414 6,501
Net income $ 23,671 $ 25,000
Weighted average shares outstanding (in thousands)    
Weighted average shares outstanding, basic (in shares) 4,770 4,732
Weighted average shares outstanding, diluted (in shares) 4,770 4,732
Basic and diluted earnings per share    
Basic earnings per share (in dollars per share) $ 4.96 $ 5.28
Diluted earnings per share (in dollars per share) $ 4.96 $ 5.28
Wealth management group fee income    
Non-Interest Income:    
Revenues from contracts with customer $ 11,573 $ 10,460
Service charges on deposit accounts    
Non-Interest Income:    
Revenues from contracts with customer 4,042 3,919
Interchange revenue from debit card transactions    
Non-Interest Income:    
Revenues from contracts with customer $ 4,426 $ 4,606