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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
INTEREST AND DIVIDEND INCOME    
Loans including fees $ 32,552 $ 27,739
Federal funds sold 22 8
Interest-earning deposits with banks 2,239 1,514
Investments 2,167 1,983
Dividends on equity securities (restricted) 155 146
Total interest and dividend income 37,135 31,390
INTEREST EXPENSE    
Deposits 7,582 1,875
Borrowed funds 1,534 1,230
Total interest expense 9,116 3,105
NET INTEREST INCOME 28,019 28,285
PROVISION FOR CREDIT LOSSES 649 625
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 27,370 27,660
NONINTEREST INCOME    
Service charges and fees 3,886 3,969
Card processing and interchange income 3,730 3,769
Insurance and investment fees 1,084 954
Other noninterest income 1,249 548
Total noninterest income 9,949 9,240
NONINTEREST EXPENSES    
Salaries and employee benefits 14,256 13,365
Occupancy and equipment expenses 3,943 4,135
Data processing and telecommunications 2,481 2,369
Other operating expenses 7,308 6,650
Total noninterest expenses 27,988 26,519
INCOME BEFORE INCOME TAXES 9,331 10,381
INCOME TAX EXPENSE 2,147 2,299
NET INCOME $ 7,184 $ 8,082
Income Per Share    
Basic and Diluted $ 0.30 $ 0.34
Average Weighted Shares of Common Stock    
Basic and Diluted Shares 23,804,427 23,898,185