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Condensed Consolidated Statements of Earnings (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Interest income:        
Loans $ 10,995 $ 9,019 $ 31,584 $ 25,633
Debt securities 757 919 2,505 2,777
Other 942 244 1,408 650
Total interest income 12,694 10,182 35,497 29,060
Interest expense:        
Deposits 4,643 2,691 12,410 6,141
Other borrowings and FHLB advances 110 304 619 824
Total interest expense 4,753 2,995 13,029 6,965
Net interest income 7,941 7,187 22,468 22,095
Credit loss expense 100 175 755 743
Net interest income after credit loss expense 7,841 7,012 21,713 21,352
Noninterest income:        
Mortgage banking revenue, net 133 121 329 250
Income from bank-owned life insurance 105 100 307 290
Other income 53 49 166 165
Total noninterest income 531 499 1,511 1,403
Noninterest expense:        
Salaries and employee benefits 3,011 2,864 8,900 8,359
Occupancy and equipment 408 427 1,238 1,235
Professional fees 151 149 447 416
Marketing 243 215 816 688
FDIC assessment 111 104 325 275
Software maintenance, amortization and other 433 341 1,378 912
Other 577 623 1,821 1,814
Total noninterest expense 4,934 4,723 14,925 13,699
Earnings before income taxes 3,438 2,788 8,299 9,056
Income taxes 835 668 1,991 2,178
Net earnings $ 2,603 $ 2,120 $ 6,308 $ 6,878
Earnings per common share:        
Basic (in dollars per share) $ 0.79 $ 0.66 $ 1.92 $ 2.15
Diluted (in dollars per share) 0.78 0.66 1.89 2.13
Cash dividends per common share (in dollars per share) $ 0 $ 0 $ 0.25 $ 0.22
Deposit Account [Member]        
Noninterest income:        
Revenue from customer $ 81 $ 92 $ 228 $ 261
Debit Card [Member]        
Noninterest income:        
Revenue from customer $ 159 $ 137 $ 481 $ 437