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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Interest and dividend income:    
Loans, including fees $ 26,728,000 $ 21,227,000
Taxable securities 6,193,000 6,077,000
Tax-exempt securities 139,000 155,000
Other interest income 121,000 96,000
Total interest income 33,181,000 27,555,000
Interest expense:    
Deposits 8,247,000 2,577,000
Short-term borrowings and repurchase agreements 1,733,000 362,000
Long-term debt 471,000 471,000
Other interest bearing liabilities 38,000 12,000
Total interest expense 10,489,000 3,422,000
Net interest income 22,692,000 24,133,000
Provision for credit losses 500,000 455,000
Net interest income after provision for credit losses 22,192,000 23,678,000
Non-interest income:    
Earnings on bank-owned life insurance and annuities 222,000 219,000
Loss on sales and calls of securities 0 (1,453,000)
Change in value of equity securities 17,000 (68,000)
Gain from life insurance proceeds 161,000 380,000
Other non-interest income 481,000 1,542,000
Total non-interest income 5,321,000 5,225,000
Non-interest expense:    
Employee compensation expense 8,454,000 8,445,000
Employee benefits 2,355,000 2,370,000
Occupancy 1,289,000 1,284,000
Equipment 659,000 734,000
Data processing expense 2,937,000 2,582,000
Professional fees 848,000 2,390,000
Taxes, other than income 184,000 503,000
FDIC Insurance premiums 504,000 405,000
Gain on other real estate owned (16,000) (28,000)
Amortization of intangible assets 81,000 54,000
Amortization of investment in low-income housing partnerships 353,000 799,000
Merger and acquisition expense 227,000 0
Other non-interest expense 2,072,000 1,993,000
Total non-interest expense 19,947,000 21,531,000
Income before income taxes 7,566,000 7,372,000
Income tax provision 970,000 308,000
Net income $ 6,596,000 $ 7,064,000
Earnings per share    
Basic (in dollars per share) $ 1.32 $ 1.41
Diluted (in dollars per share) $ 1.31 $ 1.41
Customer Service Fees    
Non-interest income:    
Non-interest income $ 1,376,000 $ 1,472,000
Debit Card fee Income    
Non-interest income:    
Non-interest income 1,770,000 1,703,000
Trust Fees    
Non-interest income:    
Non-interest income 466,000 472,000
Commissions from Sales of Non-Deposit Products    
Non-interest income:    
Non-interest income 337,000 384,000
Fees Derived From Loan Activity    
Non-interest income:    
Non-interest income 445,000 540,000
Mortgage Banking Income    
Non-interest income:    
Non-interest income $ 46,000 $ 34,000