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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest and Dividend Income        
Interest and fees on loans $ 20,409 $ 19,525 $ 40,380 $ 39,488
Interest and dividends on securities available for sale:        
Taxable interest income 1,142 739 1,837 1,497
Interest income exempt from federal income taxes 0 3 3 8
Dividends 117 155 267 311
Interest on deposits in banks 3,060 1,248 5,704 2,230
Interest on federal funds sold 87 68 126 107
Total interest and dividend income 24,815 21,738 48,317 43,641
Interest Expense        
Interest on deposits 8,263 7,515 16,767 14,939
Interest on Federal Home Loan Bank advances 499 1,712 1,807 3,422
Interest on subordinated debt 355 355 709 709
Total interest expense 9,117 9,582 19,283 19,070
Net Interest Income (Expense) 15,698 12,156 29,034 24,571
Provision for credit losses 668 181 1,901 656
Net interest income after provision for credit losses 15,030 11,975 27,133 23,915
Noninterest Income        
Wealth management fees 1,650 1,273 3,331 2,729
Service charges on deposit accounts 517 456 1,009 910
Other service charges and fees 1,060 1,164 2,032 2,133
Gain (loss) on the sale of bank premises and equipment 0 (11) (16) (11)
(Loss) on the sale of securities 0 0 (12,425) 0
Gain on sale of loans 1,104 492 1,533 653
Small Business Investment Company Income 133 259 153 385
Bank owned life insurance income 278 269 551 537
Other operating income 175 403 195 449
Total noninterest income (loss) 4,917 4,305 (3,637) 7,785
Noninterest Expenses        
Salaries and employee benefits 7,845 7,353 15,024 14,538
Occupancy expenses 598 470 1,260 1,039
Equipment expenses 401 401 824 774
Advertising and marketing expenses 152 245 335 482
Stationery and supplies 35 32 77 56
ATM network fees 332 373 694 753
Loss on the sale of repossessed assets 0 0 133 0
FDIC assessment 254 351 576 760
Computer software expense 325 221 607 454
Bank franchise tax 381 338 748 669
Professional fees 641 511 1,204 1,017
Data processing fees 633 558 1,183 1,123
Other operating expenses 1,802 1,657 3,323 3,222
Total noninterest expenses 13,399 12,510 25,988 24,887
Income (loss) before income taxes 6,548 3,770 (2,492) 6,813
Income tax expense (benefit) 1,278 585 (788) 1,080
Net Income (Loss) $ 5,270 $ 3,185 $ (1,704) $ 5,733
Earnings (Loss) Per Share        
Net income (loss) per common share, basic $ 0.98 $ 0.89 $ (0.34) $ 1.61
Net income (loss) per common share, diluted $ 0.98 $ 0.89 $ (0.34) $ 1.61