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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:        
Loans, including fees $ 16,220 $ 14,001 $ 32,042 $ 27,072
Securities:        
Taxable 3,027 3,188 6,119 6,404
Tax-exempt 508 585 1,043 1,199
Other interest and dividend income 780 713 1,442 1,008
Total interest and dividend income 20,535 18,487 40,646 35,683
Interest expense:        
Deposits 8,170 5,981 15,759 10,696
Other borrowed funds 1,493 1,204 3,109 2,016
Total interest expense 9,663 7,185 18,868 12,712
Net interest income 10,872 11,302 21,778 22,971
Credit loss expense 182 33 351 308
Net interest income after credit loss expense 10,690 11,269 21,427 22,663
Noninterest income:        
Securities gains (losses), net 0 7 (165) 7
Gain on sale of loans held for sale 166 109 249 159
Other noninterest income 213 249 593 551
Total noninterest income 2,619 2,315 4,796 4,569
Noninterest expense:        
Salaries and employee benefits 6,437 5,879 12,674 11,849
Data processing 1,568 1,577 3,003 2,898
Occupancy expenses, net 716 792 1,493 1,602
FDIC insurance assessments 296 349 597 519
Professional fees 863 535 1,323 995
Business development 285 305 665 664
Intangible asset amortization 86 128 173 258
New market tax credit projects amortization 175 191 349 383
Other operating expenses, net 314 807 657 1,175
Total noninterest expense 10,740 10,563 20,934 20,343
Income before income taxes 2,569 3,021 5,289 6,889
Provision for income taxes 385 464 801 1,135
Net income $ 2,184 $ 2,557 $ 4,488 $ 5,754
Basic and diluted earnings per share (in dollars per share) $ 0.24 $ 0.28 $ 0.5 $ 0.64
Cash dividends declared, per share (in dollars per share) $ 0.27 $ 0.27 $ 0.54 $ 0.54
Fiduciary and Trust [Member]        
Noninterest income:        
Noninterest income $ 1,476 $ 1,185 $ 2,671 $ 2,350
Financial Service [Member]        
Noninterest income:        
Noninterest income 341 334 663 657
Credit and Debit Card [Member]        
Noninterest income:        
Noninterest income $ 423 $ 431 $ 785 $ 845