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Consolidated Statements of Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Interest and dividend income    
Interest and fees on loans $ 13,787 $ 13,402
Interest and dividends on securities, taxable 12,320 11,112
Interest on securities, tax-exempt 1,145 1,219
Interest on interest-bearing deposits in banks 20,823 6,056
Total interest and dividend income 48,075 31,789
Interest expense    
Interest on deposits 3,273 3,664
Interest on short-term borrowings 430 382
Total interest expense 3,703 4,046
Net interest income 44,372 27,743
Provision for (recapture of) credit losses    
Provision for (recapture of) loan credit losses 195 (163)
Provision for (recapture of) securities credit losses (356) 804
Total provision for (recapture of) credit losses (161) 641
Net interest income after provision for (recapture of) credit losses 44,533 27,102
Noninterest income    
Deposit placement services 6,199 1,974
Gain on sale of mortgage loans 27 12
Loss on sale of securities (81) (389)
Other income 123 201
Total noninterest income 8,580 3,281
Noninterest expenses    
Salaries and employee benefits 15,906 12,359
Professional services 3,163 909
Data processing and communication expenses 2,614 2,276
Occupancy and equipment expenses 982 936
Virginia bank franchise tax 884 739
FDIC and regulatory assessments 753 585
Directors fees 650 367
Insurance expenses 340 225
Marketing and business development costs 313 239
Other operating expenses 1,240 842
Total noninterest expenses 26,845 19,477
Net income before taxes 26,268 10,906
Income tax benefit 5,319 2,075
Net income $ 20,949 $ 8,831
Earnings per common share, basic (in dollars per share) [1] $ 4.17 $ 1.93
Earnings per common share, diluted (in dollars per share) [1] $ 4.17 $ 1.93
Service charges on accounts    
Noninterest income    
Noninterest income $ 1,405 $ 918
Trust and wealth management    
Noninterest income    
Noninterest income $ 907 $ 565
[1] Share information for historical periods gives effect to the Reclassification. All earnings are attributed to Class B shares for the historical periods because no Class A shares were outstanding during the historical periods. The number of basic and diluted shares are the same because there are no potentially dilutive instruments. Except in regard to voting and conversion rights, the rights of Class A Common Stock and Class B Common Stock are identical, and the classes rank equally and share ratably with regard to all other matters. Each share of Class B Common Stock is convertible at any time into one share of Class A Common Stock.