XML 14 R4.htm IDEA: XBRL DOCUMENT v3.25.1
CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest and dividend income:    
Loans, including fees $ 17,444 $ 15,550
Investment securities – taxable 3,808 4,189
Investment securities – non taxable 342 357
Other short-term investments and certificates of deposit 1,488 1,160
Total interest income 23,082 21,256
Interest expense:    
Deposits 7,609 7,203
Securities sold under agreement to repurchase 814 609
Other borrowed money 269 1,367
Total interest expense 8,692 9,179
Net interest income 14,390 12,077
Provision for credit losses 437 129
Net interest income after provision for credit losses 13,953 11,948
Non-interest income:    
Deposit service charges 221 259
Mortgage banking income 759 425
Investment advisory fees and non-deposit commissions 1,806 1,358
Other 1,196 1,142
Total non-interest income 3,982 3,184
Non-interest expense:    
Salaries and employee benefits 7,657 7,101
Occupancy 777 790
Equipment 390 330
Marketing and public relations 514 566
FDIC insurance assessments 300 278
Other real estate expense, net 12 12
Amortization of intangibles 39 39
Other 3,065 2,689
Total non-interest expense 12,754 11,805
Net income before tax 5,181 3,327
Income tax expense 1,184 730
Net income $ 3,997 $ 2,597
Basic earnings per common share $ 0.52 $ 0.34
Diluted earnings per common share $ 0.51 $ 0.34