XML 29 R5.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Interest and dividend income:    
Interest and fees on loans $ 79,738 $ 73,577
Interest on investments 9,877 10,671
Total interest and dividend income 89,615 84,248
Interest expense:    
Interest on deposits 37,985 25,749
Interest on FHLB borrowed funds 1,281 5,966
Interest on other borrowed funds 3,875 4,184
Total interest expense 43,141 35,899
Net interest income before provision for credit losses 46,474 48,349
(Negative) provision for credit losses (3,175) (475)
Net interest income after provision for credit losses 49,649 48,824
Non-interest income:    
Service charges on deposit accounts 1,924 1,949
Interchange income 2,247 2,324
Loan servicing income 2,271 2,218
Gain on sale of loans 2,216 1,692
Loan fees and service charges 996 432
Net realized gains on debt securities 0 12
Net (losses) gains on equity securities (856) 447
Other 1,125 1,176
Bank Owned Life Insurance (BOLI) death benefit 184 0
Total non-interest income 10,107 10,250
Non-interest expense:    
Compensation and related benefits 22,741 21,106
Occupancy 5,159 5,431
Data processing 6,530 5,951
Amortization of intangible assets 715 755
Mortgage servicing rights expense, net 534 615
Advertising, marketing and public relations 793 734
FDIC premium assessment 798 812
Professional services 1,763 1,524
Losses on repossessed assets, net 294 62
Other 2,979 3,152
Total non-interest expense 42,306 40,142
Income before provision for income taxes 17,450 18,932
Provision for income taxes 3,699 5,873
Net income attributable to common stockholders $ 13,751 $ 13,059
Per share information:    
Basic earnings (USD per share) $ 1.34 $ 1.25
Diluted earnings (USD per share) 1.34 1.25
Cash dividends paid (USD per share) $ 0.32 $ 0.29