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Consolidated Statements Of Income - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
INTEREST INCOME    
Loans receivable, including fees $ 23,681,000 $ 19,158,000
Securities 2,526,000 2,505,000
Other 731,000 48,000
Total interest income 26,938,000 21,711,000
INTEREST EXPENSE    
Deposits 10,110,000 4,362,000
Short-term borrowings 336,000 779,000
Other borrowings 1,782,000 477,000
Total interest expense 12,228,000 5,618,000
NET INTEREST INCOME 14,710,000 16,093,000
PROVISION FOR (RELEASE OF) CREDIT LOSS EXPENSE (624,000) 300,000
NET INTEREST INCOME AFTER PROVISION FOR (RELEASE OF) CREDIT LOSSES 15,334,000 15,793,000
OTHER INCOME    
Other income 1,711,000 1,677,000
Net realized gains on sales of securities   2,000
Gains on sales of loans, net 6,000  
Earnings and proceeds on bank owned life insurance 268,000 213,000
Other 151,000 172,000
Total other income 2,006,000 1,912,000
OTHER EXPENSES    
Salaries and employee benefits 6,135,000 5,969,000
Occupancy, furniture & equipment, net 1,261,000 1,262,000
Data processing and related operations 1,022,000 768,000
Taxes, other than income 93,000 161,000
Professional fees 585,000 285,000
Federal Deposit Insurance Corporation insurance 361,000 200,000
Foreclosed real estate 21,000 29,000
Amortization of intangibles 19,000 23,000
Other 2,235,000 1,739,000
Total other expenses 11,732,000 10,436,000
INCOME BEFORE INCOME TAXES 5,608,000 7,269,000
INCOME TAX EXPENSE 1,175,000 1,487,000
Net income $ 4,433,000 $ 5,782,000
BASIC EARNINGS PER SHARE $ 0.55 $ 0.71
DILUTED EARNINGS PER SHARE $ 0.55 $ 0.71
Service Charges And Fees [Member]    
OTHER INCOME    
Other income $ 1,343,000 $ 1,313,000
Income From Fiduciary Activities [Member]    
OTHER INCOME    
Other income $ 238,000 $ 212,000