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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Interest and dividend income:    
Loans, including fees $ 64,938 $ 54,821
Securities:    
Taxable 5,862 3,678
Tax exempt 132 162
Dividends 384 324
Interest-bearing deposits with banks 4,447 2,870
Other interest 0 10
Total interest and dividend income 75,763 61,865
Interest expense:    
Deposits 24,639 14,174
Other borrowed funds 1,702 1,067
Subordinated debentures 618 597
Total interest expense 26,959 15,838
Net interest income 48,804 46,027
Provision for (recovery of) credit losses 2,469 2,090
Net interest income after provision for credit losses 46,335 43,937
Noninterest income:    
Service charges on deposit accounts 3,039 2,700
Trust fees 404 326
Income from bank owned life insurance and annuity assets 929 860
Mortgage banking income 163 175
Electronic refund check / deposit fees 675 675
Debit / credit card interchange income 4,968 4,860
Tax preparation fees 644 669
Other 2,349 2,364
Total noninterest income 13,171 12,629
Noninterest expense:    
Salaries and employee benefits 27,782 23,391
Occupancy 1,938 1,903
Furniture and equipment 1,300 1,321
Professional fees 1,873 1,656
Marketing expense 820 1,010
FDIC insurance 648 569
Data processing 3,094 2,809
Software 2,260 2,649
Foreclosed assets 4 15
Amortization of intangibles 8 21
Other 6,403 6,024
Total noninterest expense 46,130 41,368
Income before income taxes 13,376 15,198
Provision for income taxes [1] 2,377 2,567
NET INCOME $ 10,999 $ 12,631
Earnings per share (in dollars per share) $ 2.32 $ 2.65
[1] Effective income tax rate was 17.8% for 2024 and 16.9% for 2023