XML 17 R4.htm IDEA: XBRL DOCUMENT v3.25.3
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
INTEREST INCOME        
Interest and fees on loans $ 15,688 $ 14,301 $ 45,128 $ 42,080
Interest bearing deposits and short-term investments 144 55 433 183
Investment securities:        
Available for sale 1,967 1,765 5,653 5,465
Held to maturity 640 587 1,895 1,714
Trading securities 44   85  
Total Interest Income 18,483 16,708 53,194 49,442
INTEREST EXPENSE        
Deposits 6,549 6,515 19,081 19,103
Short-term borrowings 111 417 230 1,308
Advances from Federal Home Loan Bank 528 600 1,685 1,652
Financing lease liabilities 25 26 76 81
Subordinated debt 263 263 790 789
Total Interest Expense 7,476 7,821 21,862 22,933
Net Interest Income 11,007 8,887 31,332 26,509
Provision (recovery) for credit losses 360 (51) 3,396 (174)
Net Interest Income after Provision (Recovery) for Credit Losses 10,647 8,938 27,936 26,683
NON-INTEREST INCOME        
Non-interest income 3,660 3,879 10,731 11,811
Mortgage banking revenue 39 85 125 231
Trading securities revenue 55   90  
Bank owned life insurance 533 244 1,041 821
Other income 622 520 2,022 2,205
Total Non-Interest Income 4,401 4,203 12,618 13,522
NON-INTEREST EXPENSE        
Salaries and employee benefits 7,317 7,122 21,616 21,347
Net occupancy expense 705 706 2,292 2,227
Equipment expense 376 371 1,170 1,148
Professional fees 601 792 2,189 3,888
Data processing and IT expense 1,247 1,287 3,652 3,588
Supplies, postage and freight 176 163 522 474
Miscellaneous taxes and insurance 366 339 1,078 999
Federal deposit insurance expense 260 255 740 760
Other expense 916 686 2,177 2,451
Total Non-Interest Expense 11,964 11,721 35,436 36,882
PRETAX INCOME 3,084 1,420 5,118 3,323
Provision for income taxes 540 237 948 611
NET INCOME $ 2,544 $ 1,183 $ 4,170 $ 2,712
Basic:        
Net income (in dollars per share) $ 0.15 $ 0.07 $ 0.25 $ 0.16
Average number of shares outstanding (in shares) 16,519,267 16,519,267 16,519,267 16,897,444
Diluted:        
Net income (in dollars per share) $ 0.15 $ 0.07 $ 0.25 $ 0.16
Average number of shares outstanding (in shares) 16,519,368 16,519,267 16,519,267 16,897,444
Wealth management fees        
NON-INTEREST INCOME        
Non-interest income $ 2,849 $ 3,050 $ 8,495 $ 9,375
Service charges on deposit accounts        
NON-INTEREST INCOME        
Non-interest income $ 303 $ 304 $ 845 $ 890