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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Loans        
Taxable $ 14,513 $ 13,128 $ 41,943 $ 37,969
Tax exempt 127 122 374 359
Securities        
Taxable 1,192 1,293 3,692 3,971
Tax exempt 37 39 111 132
Other interest income 679 214 1,382 595
Total interest income 16,548 14,796 47,502 43,026
Interest Expense        
Deposits 5,568 4,194 15,866 10,310
Repurchase agreements & other 43 16 113 35
Federal Home Loan Bank advance expense 369 666 1,352 1,883
Trust preferred securities expense 187 189 562 525
Subordinated debt expense 195 195 584 584
Total interest expense 6,362 5,260 18,477 13,337
Net Interest Income 10,186 9,536 29,025 29,689
Provision for credit losses - loans (307) (440) 688
Provision for unfunded commitments 507 (6) 640 (299)
Total provision for credit losses 200 (6) 200 389
Net interest income after provision for credit losses 9,986 9,542 28,825 29,300
Noninterest Income        
Wealth management fees 882 837 2,595 2,694
Customer service fees 870 863 2,625 2,559
Gain on sale of mortgage loans & OMSR 1,311 1,207 3,369 2,862
Mortgage loan servicing fees, net 39 438 1,367 1,540
Gain on sale of non-mortgage loans 20 10 135 252
Title insurance income 485 429 1,157 1,257
Gain on sale of assets 200 200
Other income 316 379 1,012 1,026
Total noninterest income 4,123 4,163 12,460 12,190
Noninterest Expense        
Salaries and employee benefits 6,057 5,491 17,418 17,125
Net occupancy expense 706 764 2,182 2,350
Equipment expense 1,069 1,068 3,206 3,051
Data processing fees 758 648 2,254 1,979
Professional fees 659 623 2,032 2,098
Marketing expense 241 189 614 600
Telephone and communications 128 124 389 369
Postage and delivery expense 145 100 331 265
State, local and other taxes 208 218 683 664
Employee expense 228 141 565 485
Other expense 804 1,115 2,282 2,607
Total noninterest expense 11,003 10,481 31,956 31,593
Income before income tax 3,106 3,224 9,329 9,897
Provision for income taxes 752 537 1,494 1,685
Net Income $ 2,354 $ 2,687 $ 7,835 $ 8,212
Basic earnings per common share (in Dollars per share) $ 0.35 $ 0.4 $ 1.17 $ 1.2
Diluted earnings per common share (in Dollars per share) $ 0.35 $ 0.39 $ 1.17 $ 1.18
Average common shares outstanding (in thousands):        
Basic: (in Shares) 6,660 6,791 6,689 6,857
Diluted: (in Shares) 6,675 6,878 6,704 6,944