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Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest and dividend income:    
Interest and fees on loans $ 15,142 $ 13,446
Interest and dividends on securities 853 764
Interest on short term investments 1,625 1,484
Interest on interest-bearing deposits 1 0
Total interest and dividend income 17,621 15,694
Interest expense:    
Interest on deposits 8,859 7,524
Interest on Federal Home Loan Bank advances 2,114 2,267
Total interest expense 10,973 9,791
Net interest and dividend income 6,648 5,903
(Benefit) provision for credit losses (10) 147
Net interest and dividend income after (benefit) provision for credit losses 6,658 5,756
Noninterest income:    
Customer service fees 140 142
Income from bank-owned life insurance 116 117
Net gain on sales of loans 0 35
Other income 15 13
Total noninterest income 271 307
Noninterest expense:    
Salaries and employee benefits 3,260 3,311
Director compensation 216 209
Occupancy and equipment 281 274
Data processing 311 311
Computer software and licensing 109 109
Advertising and promotions 132 131
Professional fees 310 360
Federal Deposit Insurance Corporation deposit insurance 185 179
Other expense 404 347
Total noninterest expense 5,208 5,231
Income before income tax expense 1,721 832
Income tax expense 424 211
Net income $ 1,297 $ 621
Share data:    
Weighted average shares outstanding, basic 8,210,782 8,299,775
Weighted average shares outstanding, diluted 8,343,771 8,375,335
Basic earnings per share $ 0.16 $ 0.07
Diluted earnings per share $ 0.16 $ 0.07