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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Interest Income        
Interest and fees on loans $ 14,232 $ 13,174 $ 40,686 $ 34,763
Interest on federal funds sold 0 13 5 23
Interest on interest-bearing deposits 740 954 2,757 3,312
Interest on securities – taxable 3,704 4,177 11,289 12,644
Interest on securities – nontaxable 334 333 1,007 1,010
Total interest income 19,010 18,651 55,744 51,752
Interest Expense        
Interest on time deposits 2,907 3,668 9,276 9,490
Interest on other deposits 4,362 5,550 13,486 15,920
Interest on borrowings 67 0 67 2
Total interest expense 7,336 9,218 22,829 25,412
Net interest income 11,674 9,433 32,915 26,340
Provision for (recovery of) credit losses 306 (5) 618 1,287
Net interest income after provision for (recovery of) credit losses 11,368 9,438 32,297 25,053
Noninterest Income:        
Noninterest Income 2,078 1,875 6,130 5,600
BOLI income 304 295 893 822
Gain on sale of mortgage loans held for sale 92 50 171 132
Other income 196 194 838 774
Total noninterest income 2,537 2,288 7,376 6,770
Noninterest Expense        
Salaries and employee benefits 5,114 4,953 15,505 14,106
Occupancy, furniture and fixtures 770 715 2,240 1,975
Data processing 848 963 2,532 2,529
FDIC assessment 210 211 627 590
Intangible asset amortization 92 102 284 137
Franchise taxes 350 373 1,081 1,081
Professional services 361 254 1,169 766
Merger-related expense 150 2,891
Core system conversion expense 50 0 2,073 173
Other operating expenses 729 778 2,228 2,140
Total noninterest expense 8,524 8,499 27,739 26,388
Income before income tax expense 5,381 3,227 11,934 5,435
Income tax expense 961 550 1,989 891
Net Income $ 4,420 $ 2,677 $ 9,945 $ 4,544
Basic net income per common share (in dollars per share) $ 0.7 $ 0.42 $ 1.56 $ 0.75
Diluted net income per common share $ 0.69 $ 0.42 $ 1.56 $ 0.75
Weighted average number of common shares outstanding, basic (in shares) [1] 6,360,973 6,356,594 6,359,443 6,092,468
Weighted average number of common shares outstanding, diluted [1] 6,363,351 6,358,352 6,361,786 6,094,442
Dividends declared per common share     $ 0.73 $ 0.73
Deposit Account [Member]        
Noninterest Income:        
Noninterest Income $ 681 $ 708 $ 2,114 $ 2,019
Product and Service, Other [Member]        
Noninterest Income:        
Noninterest Income 72 117 228 286
Credit and Debit Card [Member]        
Noninterest Income:        
Noninterest Income 492 344 1,275 1,141
Fiduciary and Trust [Member]        
Noninterest Income:        
Noninterest Income $ 700 $ 580 $ 1,857 $ 1,596
[1] Dilutive shares are associated with RSAs. RSAs are disregarded in the computation of diluted net income per share if they are determined to be anti-dilutive. There were no anti-dilutive RSAs for the three and nine months ended September 30, 2025 and September 30, 2024.