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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Interest and Dividend Income        
Interest and fees on loans $ 14,004 $ 11,886 $ 27,488 $ 23,398
Interest on deposits in banks 1,579 759 2,867 1,103
Interest and dividends on securities:        
Taxable interest 1,134 1,306 2,358 2,645
Tax-exempt interest 306 307 611 613
Dividends 32 28 65 55
Total interest and dividend income 17,055 14,286 33,389 27,814
Interest Expense        
Interest on deposits 4,820 3,402 9,591 5,618
Interest on subordinated debt 69 69 138 138
Interest on junior subordinated debt 66 67 134 134
Interest on other borrowings 606 3 1,182 3
Total interest expense 5,561 3,541 11,045 5,893
Net interest income 11,494 10,745 22,344 21,921
Provision for credit losses 400 100 1,400 100
Net interest income after provision for credit losses 11,094 10,645 20,944 21,821
Noninterest Income        
Noninterest income 2,510 2,535 5,050 4,953
Income from bank owned life insurance 149 135 300 284
Other operating income 27 214 1,383 425
Total noninterest income 2,686 2,884 6,733 5,662
Noninterest Expense        
Salaries and employee benefits 5,839 5,189 11,710 10,535
Occupancy 548 524 1,083 1,052
Equipment 691 571 1,282 1,158
Marketing 273 248 468 516
Supplies 115 147 231 295
Legal and professional fees 1,124 422 1,576 765
ATM and check card expense 368 425 729 825
FDIC assessment 203 212 380 318
Bank franchise tax 261 262 523 516
Data processing expense 163 252 409 454
Amortization expense 5 4 9 9
Other real estate owned (income), net 0 (219) 0 (216)
Net losses (gains) on disposal of premises and equipment 0 0 49 (2)
Other operating expense 1,069 1,121 2,097 2,133
Total noninterest expense 10,659 9,158 20,546 18,358
Income before income taxes 3,121 4,371 7,131 9,125
Income tax expense 679 866 1,480 1,771
Net income $ 2,442 $ 3,505 $ 5,651 $ 7,354
Earnings per common share        
Basic (in dollars per share) $ 0.39 $ 0.56 $ 0.9 $ 1.17
Diluted (in dollars per share) $ 0.39 $ 0.56 $ 0.9 $ 1.17
Deposit Account [Member]        
Noninterest Income        
Noninterest income $ 612 $ 683 $ 1,266 $ 1,329
Credit and Debit Card [Member]        
Noninterest Income        
Noninterest income 809 848 1,579 1,648
Asset Management [Member]        
Noninterest Income        
Noninterest income 879 749 1,762 1,525
Financial Service, Other [Member]        
Noninterest Income        
Noninterest income 178 220 373 416
Mortgage Banking [Member]        
Noninterest Income        
Noninterest income $ 32 $ 35 $ 70 $ 35