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Consolidated Statements of Income - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Interest Income:    
Loans $ 32,827,000 $ 25,637,000
Taxable Investment Securities 28,749,000 16,145,000
Tax-exempt Investment Securities 639,000 593,000
Other 2,762,000 203,000
Total Interest Income 64,977,000 42,578,000
Interest Expense:    
Deposits 20,701,000 2,911,000
FHLB Advances and Other Borrowings 3,271,000 389,000
Subordinated Debentures 1,393,000 1,548,000
Junior Subordinated Debentures 364,000 180,000
Total Interest Expense 25,729,000 5,028,000
Net Interest Income 39,248,000 37,550,000
Provision for Credit Losses 246,000 0
Net Interest Income after Provision for Credit Losses 39,002,000 37,550,000
Non-Interest Income:    
Loss on Sales of Investment Securities, Net [1] 0 (2,000)
Gain on Sale of Loans [1] 626,000 1,705,000
Commissions From Insurance Agency [1] 784,000 784,000
Trust Income 1,860,000 1,548,000
BOLI Income [1] 636,000 608,000
Grant Income 437,000 171,000
Other 809,000 911,000
Total Non-Interest Income 9,390,000 9,612,000
Non-Interest Expense:    
Compensation and Employee Benefits 20,313,000 20,050,000
Occupancy 3,175,000 2,811,000
Advertising 980,000 988,000
Depreciation and Maintenance of Equipment 2,450,000 2,291,000
FDIC Insurance Premiums 621,000 375,000
Write Down of Land Held for Sale 0 433,000
Consulting 746,000 705,000
Debit Card Expenses 1,434,000 1,267,000
Data Processing 1,305,000 758,000
Other 4,890,000 4,547,000
Total Non-Interest Expense 35,914,000 34,225,000
Income Before Income Taxes 12,478,000 12,937,000
Provision For Income Taxes 2,288,000 2,709,000
Net Income $ 10,190,000 $ 10,228,000
Net Income Per Common Share (Basic) (in dollars per share) $ 3.14 $ 3.14
Cash Dividend Per Share On Common Stock (in dollars per share) $ 0.52 $ 0.76
Weighted Average Shares Outstanding (Basic) (in shares) 3,248,149 3,252,884
Deposit Account [Member]    
Non-Interest Income:    
Fees income $ 1,220,000 $ 1,071,000
ATM and Credit Card [Member]    
Non-Interest Income:    
Fees income $ 3,018,000 $ 2,816,000
[1] Not within the scope of ASC 606