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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Interest Income:    
Interest and fees on loans $ 55,236 $ 54,183
Interest on investment securities 5,209 5,870
Interest on deposits in FRB 306 324
Total interest income 60,751 60,377
Interest Expense:    
Interest on deposits 9,578 6,758
Interest on other borrowed funds 4,323 4,298
Total interest expense 13,901 11,056
Net Interest Income 46,850 49,321
Provision for credit losses 2,963 1,460
Net Interest Income after Provision for Credit Losses 43,887 47,861
Noninterest Income:    
Customer service fees 2,918 2,918
Increase in cash surrender value of bank-owned life insurance 551 557
Gain on proceeds from bank-owned life insurance 573 907
(Loss) gain on fair value of junior subordinated debentures (614) 274
Gain on sale of assets 11 0
Other 1,274 913
Total noninterest income 4,713 5,569
Noninterest Expense:    
Salaries and employee benefits 13,884 13,157
Occupancy expense 3,686 3,739
Data processing 1,114 784
Professional fees 5,265 4,366
Regulatory assessments 697 727
Director fees 436 438
Other 3,198 2,743
Total noninterest expense 28,280 25,954
Income before provision for taxes 20,320 27,476
Provision for income taxes 5,537 7,680
Net income $ 14,783 $ 19,796
Net income per common share    
Basic (in usd per share) $ 0.86 $ 1.16
Diluted (in usd per share) $ 0.86 $ 1.16
Weighted average common shares outstanding    
Basic (in shares) 17,188,384 17,114,214
Diluted (in shares) 17,199,817 17,125,186