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Condensed Consolidated Statements of Income (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Loans        
Taxable $ 13,883 $ 12,715 $ 27,430 $ 24,841
Tax exempt 124 121 247 237
Securities        
Taxable 1,226 1,328 2,500 2,678
Tax exempt 37 46 74 93
Other interest income 384 196 703 381
Total interest income 15,654 14,406 30,954 28,230
Interest Expense        
Deposits 5,208 3,538 10,298 6,116
Repurchase agreements & other 36 9 70 19
Federal Home Loan Bank advance expense 370 664 983 1,217
Trust preferred securities expense 187 172 375 336
Subordinated debt expense 194 194 389 389
Total interest expense 5,995 4,577 12,115 8,077
Net Interest Income 9,659 9,829 18,839 20,153
Provision for credit losses - loans (47) 375 (133) 688
Provision for unfunded commitments 47 (230) 133 (293)
Total provision for credit losses 145   395
Net interest income after provision for credit losses 9,659 9,684 18,839 19,758
Noninterest Income        
Wealth management fees 848 940 1,713 1,857
Customer service fees 875 871 1,755 1,696
Gain on sale of mortgage loans & OMSR 1,277 1,056 2,058 1,655
Mortgage loan servicing fees, net 565 494 1,328 1,102
Gain on sale of non-mortgage loans 105 218 115 242
Title insurance income 406 455 672 828
Other income 310 327 696 647
Total noninterest income 4,386 4,361 8,337 8,027
Noninterest Expense        
Salaries and employee benefits 6,009 5,721 11,361 11,634
Net occupancy expense 707 802 1,476 1,586
Equipment expense 1,060 1,002 2,137 1,983
Data processing fees 727 685 1,496 1,331
Professional fees 615 612 1,373 1,475
Marketing expense 176 213 373 411
Telephone and communications 156 124 261 245
Postage and delivery expense 89 78 186 165
State, local and other taxes 230 218 475 446
Employee expense 159 156 337 344
Other expense 743 728 1,478 1,492
Total noninterest expense 10,671 10,339 20,953 21,112
Income before income tax 3,374 3,706 6,223 6,673
Provision for income taxes 261 631 742 1,148
Net Income $ 3,113 $ 3,075 $ 5,481 $ 5,525
Basic earnings per common share (in Dollars per share) $ 0.47 $ 0.45 $ 0.82 $ 0.8
Diluted earnings per common share (in Dollars per share) $ 0.47 $ 0.44 $ 0.82 $ 0.79
Average common shares outstanding (in thousands):        
Basic: (in Shares) 6,692 6,847 6,703 6,890
Diluted: (in Shares) 6,700 6,910 6,715 6,976