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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 $ 81,779 $ 75,520
Interest and dividends on securities:    
Taxable interest income 2,922 3,141
Interest income exempt from federal income taxes 16 16
Dividends 630 523
Interest on deposits in banks 5,851 3,733
Interest on federal funds sold 123 160
Total interest and dividend income 91,321 83,093
Interest Expense    
Interest on deposits 31,854 23,630
Interest on federal funds purchased 0 70
Interest on Federal Home Loan Bank advances 6,823 7,720
Interest on subordinated debt 1,417 1,417
Total interest expense 40,094 32,837
Net interest income 51,227 50,256
Provision for credit losses 2,551 1,649
Net interest income after provision for credit losses 48,676 48,607
Noninterest Income    
Wealth management fees 5,624 4,926
Service charges on deposit accounts 1,936 1,810
Other service charges and fees 4,179 4,413
Gain on the sale of marine finance assets 0 435
Gain on the sale and disposal of bank premises and equipment 3,863 14
Gain on sale of loans 2,141 1,428
Small business investment company income 1,357 385
Bank owned life insurance income 1,981 713
Other operating income 476 656
Total noninterest income 21,557 14,780
Noninterest Expenses    
Salaries and employee benefits 30,059 30,306
Occupancy expenses 2,077 2,202
Equipment expenses 1,657 1,299
Advertising and marketing expenses 1,038 1,157
Stationery and supplies 145 191
ATM network fees 1,530 1,563
Other real estate owned expense 0 5
(Gain) on other real estate owned 0 (7)
Loss on the sale of repossessed assets 204 0
FDIC assessment 1,433 1,585
Computer software expense 1,068 1,360
Bank franchise tax 1,353 1,255
Professional fees 2,065 2,540
Data processing fees 2,418 1,935
Other operating expenses 6,285 7,363
Total noninterest expenses 51,332 52,754
Income (loss) before taxes 18,901 10,633
Income Tax Expense 3,558 1,276
Net Income (Loss) $ 15,343 $ 9,357
Earnings Per Share    
Net income per common share, basic $ 4.32 $ 2.66
Net income per common share, diluted $ 4.32 $ 2.66