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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Interest and Dividend Income    
Interest and fees on loans $ 63,483 $ 49,293
Interest on deposits in banks 6,490 1,809
Interest on federal funds sold 189 0
Interest and dividends on securities:    
Taxable interest 4,733 5,286
Tax-exempt interest 1,222 1,220
Dividends 202 111
Total interest and dividend income 76,319 57,719
Interest Expense    
Interest on deposits 20,964 13,660
Interest on federal funds purchased 1 1
Interest on subordinated debt 603 277
Interest on junior subordinated debt 270 271
Interest on other borrowings 2,029 97
Total interest expense 23,867 14,306
Net interest income 52,452 43,413
Provision for credit losses 7,850 6,150
Net interest income after provision for credit losses 44,602 37,263
Noninterest Income    
Noninterest income 14,182 10,238
Income from bank owned life insurance 755 627
Net (losses) on securities available for sale (155) 0
Net gains on disposal of premises and equipment 0 47
Gain on sale of other investment 40 186
Bargain purchase gain 2,920 0
Other operating income 1,558 686
Total noninterest income 16,380 11,784
Noninterest Expense    
Salaries and employee benefits 25,134 21,039
Occupancy 2,573 2,154
Equipment 3,131 2,377
Marketing 1,037 910
Supplies 489 576
Legal and professional fees 1,993 1,647
ATM and check card expenses 1,508 1,578
FDIC assessment 860 633
Bank franchise tax 1,047 1,040
Data processing expense 1,404 1,047
Amortization expense 461 18
Other real estate loss (gain) and expense, net 15 (199)
Net losses on disposal of premises and equipment 48 0
Merger expense 8,107 0
Other operating expense 5,127 4,422
Total noninterest expense 52,934 37,242
Income before income taxes 8,048 11,805
Income tax expense 1,082 2,181
Net income $ 6,966 $ 9,624
Earnings per common share    
Basic (in dollars per share) $ 1 $ 1.54
Diluted (in dollars per share) $ 1 $ 1.53
Deposit Account [Member]    
Noninterest Income    
Noninterest income $ 3,122 $ 2,780
Credit and Debit Card [Member]    
Noninterest Income    
Noninterest income 3,305 3,449
Asset Management [Member]    
Noninterest Income    
Noninterest income 3,617 3,120
Financial Service, Other [Member]    
Noninterest Income    
Noninterest income 966 770
Mortgage Banking [Member]    
Noninterest Income    
Noninterest income $ 252 $ 119