XML 21 R4.htm IDEA: XBRL DOCUMENT v3.24.1
Consolidated Statements of Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Interest and Dividend Income    
Interest and fees on loans $ 49,293 $ 41,720
Interest on deposits in banks 1,809 1,223
Interest and dividends on securities:    
Taxable interest 5,286 5,131
Tax-exempt interest 1,220 1,229
Dividends 111 92
Total interest and dividend income 57,719 49,395
Interest Expense    
Interest on deposits 13,660 3,273
Interest on federal funds purchased 1 0
Interest on subordinated debt 277 277
Interest on junior subordinated debt 271 270
Interest on other borrowings 97 0
Total interest expense 14,306 3,820
Net interest income 43,413 45,575
Provision for credit losses 6,150 1,850
Net interest income after provision for credit losses 37,263 43,725
Noninterest Income    
Noninterest income 10,238 10,069
Income from bank owned life insurance 627 597
Net (losses) on securities available for sale 0 (2,004)
Net gains (losses) on disposal of premises and equipment 47 (29)
Gain on sale of other investment 186 2,885
Other operating income 686 1,103
Total noninterest income 11,784 12,621
Noninterest Expense    
Salaries and employee benefits 21,039 20,709
Occupancy 2,154 2,218
Equipment 2,377 2,300
Marketing 910 813
Supplies 576 528
Legal and professional fees 1,647 1,414
ATM and check card expenses 1,578 1,370
FDIC assessment 633 463
Bank franchise tax 1,040 930
Data processing expense 1,047 989
Amortization expense 18 19
Other real estate (gain) loss and expense, net (199) (106)
Other operating expense 4,422 3,950
Total noninterest expense 37,242 35,597
Income before income taxes 11,805 20,749
Income tax expense 2,181 3,952
Net income $ 9,624 $ 16,797
Earnings per common share    
Basic (in dollars per share) $ 1.54 $ 2.69
Diluted (in dollars per share) $ 1.53 $ 2.68
Deposit Account [Member]    
Noninterest Income    
Noninterest income $ 2,780 $ 2,677
Credit and Debit Card [Member]    
Noninterest Income    
Noninterest income 3,449 3,300
Asset Management [Member]    
Noninterest Income    
Noninterest income 3,120 3,008
Financial Service, Other [Member]    
Noninterest Income    
Noninterest income 770 839
Mortgage Banking [Member]    
Noninterest Income    
Noninterest income $ 119 $ 245