XML 14 R4.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Consolidated Statements of Earnings - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest income:    
Interest and fees on loans $ 15,138 $ 12,883
Interest on due from banks 907 383
Interest on investment securities:    
U.S. Government sponsored enterprises 2,591 2,230
States and political subdivisions 695 862
Other 479 443
Total interest income 19,810 16,801
Interest expense:    
Interest-bearing demand, MMDA & savings deposits 2,060 1,488
Time deposits 3,681 516
Junior subordinated debentures 284 248
Other expenses 481 211
Total interest expense 6,506 2,463
Net interest income 13,304 14,338
Provision for credit losses 91 224
Net interest income after provision for credit losses 13,213 14,114
Non-interest income:    
Service charges 1,340 1,341
Other service charges and fees 184 182
Loss on sale of securities, net 0 2,488
Mortgage banking income 51 93
Insurance and brokerage commissions 246 228
Appraisal management fee income 2,414 2,094
Miscellaneous 1,803 2,161
Total non-interest income 6,038 3,611
Non-interest expense:    
Salaries and employee benefits 6,980 6,500
Occupancy 2,111 2,014
Professional fees 392 399
Advertising 199 189
Debit card expense 312 273
FDIC insurance 191 110
Appraisal management fee expense 1,904 1,650
Other 2,427 2,567
Total non-interest expense 14,516 13,702
Earnings before income taxes 4,735 4,023
Income tax expense 787 851
Net earnings $ 3,948 $ 3,172
Basic net earnings per share $ 0.74 $ 0.58
Diluted net earnings per share 0.72 0.56
Cash dividends declared per share $ 0.35 $ 0.34