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Consolidated Statements Of Income - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
INTEREST INCOME    
Loans receivable, including fees $ 85,209,000 $ 66,013,000
Securities: Taxable 8,389,000 7,262,000
Securities: Tax exempt 1,533,000 1,789,000
Interest-bearing deposits with banks 409,000 602,000
Total interest income 95,540,000 75,666,000
INTEREST EXPENSE    
Deposits 26,029,000 6,471,000
Short-term borrowings 3,048,000 524,000
Other borrowings 4,396,000 274,000
Total interest expense 33,473,000 7,269,000
NET INTEREST INCOME 62,067,000 68,397,000
PROVISION FOR CREDIT LOSSES 5,548,000 900,000
Net Interest Income After Provision for Credit Losses 56,519,000 67,497,000
OTHER INCOME    
Other income 7,136,000 8,761,000
Net realized (losses) gains on sales of securities (209,000) 3,000
Net gain on sale of loans 63,000 3,000
Net gain on sale of foreclosed real estate owned 80,000 427,000
Earnings and proceeds on life insurance policies 1,012,000 1,087,000
Other 667,000 1,906,000
Total other income 8,124,000 9,932,000
OTHER EXPENSES    
Salaries and employee benefits 23,565,000 22,071,000
Occupancy 3,864,000 3,701,000
Furniture and equipment 1,219,000 1,266,000
Data processing and related operations 3,342,000 2,948,000
Federal Deposit Insurance Corporation insurance assessment 985,000 612,000
Advertising 630,000 516,000
Professional fees 1,676,000 1,719,000
Postage and telephone 981,000 959,000
Taxes, other than income 566,000 1,013,000
Foreclosed real estate 129,000 73,000
Amortization of intangible assets 85,000 101,000
Other 6,455,000 6,065,000
Total Other Expenses 43,497,000 41,044,000
Income before Income Taxes 21,146,000 36,385,000
INCOME TAX EXPENSE 4,387,000 7,152,000
Net Income $ 16,759,000 $ 29,233,000
BASIC EARNINGS PER SHARE $ 2.08 $ 3.59
DILUTED EARNINGS PER SHARE $ 2.07 $ 3.58
Service Charges And Fees [Member]    
OTHER INCOME    
Other income $ 5,613,000 $ 5,661,000
Income From Fiduciary Activities [Member]    
OTHER INCOME    
Other income $ 898,000 $ 845,000