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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Interest and Dividend Income        
Interest and fees on loans $ 14,479 $ 12,640 $ 41,967 $ 36,038
Interest on deposits in banks 1,538 338 4,405 1,441
Interest and dividends on securities:        
Taxable interest 1,091 1,323 3,449 3,968
Tax-exempt interest 303 304 914 917
Dividends 33 26 98 81
Total interest and dividend income 17,444 14,631 50,833 42,445
Interest Expense        
Interest on deposits 4,958 3,810 14,549 9,428
Interest on subordinated debt 69 69 207 207
Interest on junior subordinated debt 68 69 202 203
Interest on other borrowings 600 0 1,782 3
Total interest expense 5,695 3,948 16,740 9,841
Net interest income 11,749 10,683 34,093 32,604
Provision for credit losses 1,700 100 3,100 200
Net interest income after provision for credit losses 10,049 10,583 30,993 32,404
Noninterest Income        
Noninterest income 2,929 2,855 7,979 8,092
Income from bank owned life insurance 191 175 491 459
Net gains on securities available for sale 39 0 39 0
Other operating income 44 198 1,427 623
Total noninterest income 3,203 3,053 9,936 8,715
Noninterest Expense        
Salaries and employee benefits 5,927 5,505 17,637 16,040
Occupancy 585 534 1,668 1,586
Equipment 726 598 2,008 1,756
Marketing 262 204 730 720
Supplies 123 128 354 423
Legal and professional fees 596 439 2,172 1,204
ATM and check card expense 394 440 1,123 1,265
FDIC assessment 195 161 575 479
Bank franchise tax 262 262 785 778
Data processing expense 290 266 699 720
Amortization expense 4 5 13 14
Other real estate owned, net 10 15 10 (201)
Net losses (gain) on disposal of premises and equipment 2 0 51 (3)
Other operating expense 1,083 1,227 3,180 3,361
Total noninterest expense 10,459 9,784 31,005 28,142
Income before income taxes 2,793 3,852 9,924 12,977
Income tax expense 545 731 2,025 2,502
Net income $ 2,248 $ 3,121 $ 7,899 $ 10,475
Earnings per common share        
Basic (in dollars per share) $ 0.36 $ 0.5 $ 1.26 $ 1.67
Diluted (in dollars per share) $ 0.36 $ 0.5 $ 1.26 $ 1.67
Deposit Account [Member]        
Noninterest Income        
Noninterest income $ 675 $ 733 $ 1,941 $ 2,062
Credit and Debit Card [Member]        
Noninterest Income        
Noninterest income 934 976 2,513 2,624
Asset Management [Member]        
Noninterest Income        
Noninterest income 952 811 2,714 2,336
Financial Service, Other [Member]        
Noninterest Income        
Noninterest income 276 122 649 538
Mortgage Banking [Member]        
Noninterest Income        
Noninterest income $ 92 $ 38 $ 162 $ 73