XML 15 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:    
Loans, including fees $ 6,990 $ 5,754
Securities - Taxable 1,411 1,865
Securities - Tax-exempt 74 403
Federal funds sold and interest bearing bank deposits 754 213
Total interest income 9,229 8,235
Interest expense:    
Deposits 2,570 1,118
Short-term borrowings 2 8
Total interest expense 2,572 1,126
Net interest income 6,657 7,109
Provision for credit losses 334 66
Net interest income after provision for loan losses 6,323 7,043
Noninterest income:    
Service charge on deposit accounts 156 154
Mortgage lending 150 93
Bank-owned life insurance income 102 156
Other noninterest income 479 389
Total noninterest income 887 792
Noninterest expense:    
Salaries and benefits 3,071 2,927
Net occupancy and equipment 763 799
Professional fees 326 338
Other noninterest expense 1,515 1,540
Total noninterest expense 5,675 5,604
Earnings before income taxes 1,535 2,231
Income tax expense 164 267
Net earnings $ 1,371 $ 1,964
Net earnings per share:    
Basic and diluted earnings per share $ 0.39 $ 0.56
Weighted average shares outstanding:    
Basic and diluted weighted average shares outstanding 3,493,663 3,502,143