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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
INTEREST AND DIVIDEND INCOME        
Loans, including fees $ 9,175 $ 6,680 $ 25,855 $ 18,489
Taxable securities 1,910 1,780 5,867 4,721
Nontaxable securities 102 110 305 328
Other 531 586 1,520 863
Total interest and dividend income 11,718 9,156 33,547 24,401
INTEREST EXPENSE        
Deposits 2,772 559 6,484 1,252
Short-term borrowings 100 25 236 51
Other borrowings 9 12 31 43
Total interest expense 2,881 596 6,751 1,346
NET INTEREST INCOME 8,837 8,560 26,796 23,055
Provision (recovery) for credit loss expense - loans 13 (250) 287 (895)
Provision (recovery) for credit loss expense - off-balance sheet commitments 164   (1)  
Total provision (recovery) for credit loss expense 177 (250) 286 (895)
NET INTEREST INCOME AFTER CREDIT LOSS EXPENSE 8,660 8,810 26,510 23,950
NONINTEREST INCOME        
Gain on sale of loans, net 47 49 106 314
Earnings on bank owned life insurance 179 170 520 504
Unrealized gain (loss) on equity securities, net (11) (2) 2 2
Other income 208 221 631 587
Total noninterest income 1,705 1,675 5,066 5,099
NONINTEREST EXPENSES        
Salaries and employee benefits 3,429 3,199 10,112 9,766
Occupancy expense 290 272 856 820
Equipment expense 199 193 595 604
Professional and director fees 366 555 1,073 1,161
Financial institutions tax 192 195 576 584
Marketing and public relations 124 141 383 362
Software expense 408 397 1,228 1,056
Debit card expense 179 201 494 550
FDIC insurance expense 131 93 380 251
Other expenses 716 699 2,105 2,033
Total noninterest expenses 6,034 5,945 17,802 17,187
Income before income taxes 4,331 4,540 13,774 11,862
FEDERAL INCOME TAX PROVISION 850 890 2,715 2,302
NET INCOME $ 3,481 $ 3,650 $ 11,059 $ 9,560
Basic net earnings per share $ 1.3 $ 1.35 $ 4.12 $ 3.52
Diluted net earnings per share $ 1.3 $ 1.35 $ 4.12 $ 3.52
Deposit Account [Member]        
NONINTEREST INCOME        
Noninterest income $ 332 $ 321 $ 924 $ 875
Fiduciary and Trust [Member]        
NONINTEREST INCOME        
Noninterest income 259 216 769 733
Debit Card [Member]        
NONINTEREST INCOME        
Noninterest income 525 530 1,579 1,568
Credit Card [Member]        
NONINTEREST INCOME        
Noninterest income $ 166 $ 170 $ 535 $ 516