XML 10 R4.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest and Dividend Income    
Interest and fees on loans $ 19,971 $ 19,963
Interest and dividends on securities available for sale:    
Taxable interest income 695 758
Interest income exempt from federal income taxes 3 5
Dividends 150 156
Interest on deposits in banks 2,644 982
Interest on federal funds sold 39 39
Total interest and dividend income 23,502 21,903
Interest Expense    
Interest on deposits 8,504 7,424
Interest on Federal Home Loan Bank advances 1,308 1,710
Interest on subordinated debt 354 354
Total interest expense 10,166 9,488
Net Interest Income (Expense) 13,336 12,415
Provision for credit losses on loans 1,233 475
Net interest income after provision for credit losses 12,103 11,940
Noninterest Income    
Wealth management fees 1,681 1,456
Service charges on deposit accounts 492 454
Other service charges and fees 972 969
(Loss) on the sale of securities (12,425) 0
Gain (loss) on the sale of bank premises and equipment (16) 0
Gain on sale of loans 429 161
Small Business Investment Company Income 20 127
Bank owned life insurance income 273 268
Other operating income 20 45
Total noninterest (loss) income (8,554) 3,480
Noninterest Expenses    
Salaries and employee benefits 7,179 7,185
Occupancy expenses 662 569
Equipment expenses 423 373
Advertising and marketing expenses 183 237
Stationery and supplies 42 24
ATM network fees 362 380
Loss on the sale of repossessed assets 133 0
FDIC assessment 322 409
Computer software expense 282 233
Bank franchise tax 367 331
Professional fees 563 506
Data processing fees 550 565
Other operating expenses 1,521 1,565
Total noninterest expenses 12,589 12,377
(Loss) income before income taxes (9,040) 3,043
Income tax (benefit) expense (2,066) 495
Net (Loss) income $ (6,974) $ 2,548
(Loss) Earnings Per Share    
Net (loss) income per common share, basic $ (1.53) $ 0.72
Net (loss) income per common share, diluted $ (1.53) $ 0.72