XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Interest and dividend income        
Loans, including fees $ 6,986 $ 6,126 $ 13,748 $ 11,935
Taxable securities 513 685 1,073 1,361
Non-taxable securities 1,847 1,501 3,561 2,857
Federal funds sold 438 936 925 1,262
Dividends on Federal Home Loan Bank stock and other 94 38 192 79
Total interest and dividend income 9,878 9,286 19,499 17,494
Deposits        
Demand 444 532 899 952
Savings 30 34 61 68
Time 1,548 921 3,024 1,524
Borrowings 1,654 1,454 3,198 2,182
Total interest expense 3,676 2,941 7,182 4,726
Net interest income 6,202 6,345 12,317 12,768
Credit Loss Expense        
Provision for (reversal of) credit loss expense - loans 234 (146) 234 (146)
Provision for (reversal of) credit loss expense - off balance sheet commitments (130) 0 (130)  
Provision for (reversal of) credit loss cxpense 104 (146) 104 (146)
Net interest income after credit for (reversal of) credit losses 6,098 6,491 12,213 12,914
Noninterest income        
Service charges on deposit accounts 717 777 1,420 1,498
Realized gains on sales of loans 118 7 195 7
Realized gains (losses) on sale of available-for-sale securities 78   (116)  
Other income 271 262 551 557
Total noninterest income 1,184 1,046 2,050 2,062
Noninterest expense        
Salaries and employee benefits 2,675 2,470 4,462 5,334
Net occupancy and equipment expense 542 507 1,166 1,004
Professional services 457 343 1,067 729
Insurance 157 154 307 304
Deposit insurance premiums 108 85 216 171
Franchise and other taxes 145 138 293 278
Advertising 124 100 237 200
Stationery and office supplies 30 29 56 59
Amortization of core deposit premium 38 38 75 75
Other expenses 1,394 1,225 2,628 2,373
Total noninterest expense 5,670 5,089 10,507 10,527
Income before federal income taxes 1,612 2,448 3,756 4,449
Federal income taxes (benefit) (127) 168 24 281
Net income $ 1,739 $ 2,280 $ 3,732 $ 4,168
EARNINGS PER COMMON SHARE - Basic (in dollars per share) $ 0.30 $ 0.40 $ 0.64 $ 0.73
EARNINGS PER COMMON SHARE - Diluted (in dollars per share) 0.30 0.40 0.64 0.73
DIVIDENDS PER COMMON SHARE $ 0.1750 $ 0.1650 $ 0.4975 $ 0.4775