XML 18 R4.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statements of Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Interest income:      
Loans, including fees $ 66,431 $ 52,317 $ 39,234
Investment securities - taxable 16,084 16,715 9,725
Investment securities - non taxable 1,420 1,471 1,525
Other short term investments and CDs 5,487 2,194 633
Total interest income 89,422 72,697 51,117
Interest expense:      
Deposits 31,173 16,563 1,849
Securities sold under agreement to repurchase 2,183 1,658 227
Other borrowed money 4,026 5,584 1,098
Total interest expense 37,382 23,805 3,174
Net interest income 52,040 48,892 47,943
Provision for (release of) credit losses 809 1,129 (152)
Net interest income after provision for (release of) credit losses 51,231 47,763 48,095
Non-interest income:      
Deposit service charges 952 963 960
Mortgage banking income 2,368 [1] 1,406 [1] 1,900
Investment advisory fees and non-deposit commissions 6,181 [1] 4,511 [1] 4,479
Loss on sale of securities [1] (1,249) [1]
Gain (loss) on sale of other real estate owned 151 (45)
Loss on sale of other assets (5) (73)
Other non-recurring income 105 121 7
Other 4,403 [2] 4,518 [2] 4,341
Total non-interest income 14,004 10,421 11,569
Non-interest expense:      
Salaries and employee benefits 29,263 25,864 25,357
Occupancy 3,094 3,157 3,002
Equipment 1,451 1,566 1,343
Marketing and public relations 1,511 1,496 1,259
FDIC Insurance assessments 1,177 904 468
Other real estate expense (income) 103 (112) 308
Amortization of intangibles 158 158 158
Other 10,708 10,111 9,358
Total non-interest expense 47,465 43,144 41,253
Net income before tax 17,770 15,040 18,411
Income tax expense 3,815 3,197 3,798
Net income $ 13,955 $ 11,843 $ 14,613
Basic earnings per common share $ 1.83 $ 1.56 $ 1.94
Diluted earnings per common share $ 1.81 $ 1.55 $ 1.92
[1] Not within the scope of ASC 606
[2] Includes Check Card Fee income discussed above.  No other items are both material and within the scope of ASC 606.