Financial Highlights (Unaudited)
($ in Thousands, Except Share and Per Share Data)
For the Quarter Ending
Year To Date
Income Statement
30-Jun-25
30-Jun-24
% Change
30-Jun-25
30-Jun-24
Net Interest Income
$ 8,883
$ 7,918
12.2 %
$ 17,218
$ 16,110
Provision for Loan Losses
–
150
-100.0 %
–
300
Noninterest Income
1,425
1,285
10.9 %
2,801
2,626
Noninterest Expense
6,510
6,371
2.2 %
13,417
12,732
Provision for Income Taxes
1,035
684
51.3 %
1,809
1,551
Net Income
$ 2,763
$ 1,998
38.3 %
$ 4,793
$ 4,153
Ratios
Return on Average Assets *
1.12 %
0.82 %
37.2 %
1.05 %
0.95 %
Return on Average Stockholders’ Equity *
12.92 %
10.29 %
25.5 %
12.25 %
12.05 %
Net Interest Margin
3.65 %
3.27 %
11.6 %
3.56 %
3.33 %
Allowance for Credit Losses on Loans to Gross Loans
1.27 %
1.32 %
-3.4 %
1.27 %
1.32 %
Dividends Per Share
$ –
$ –
NA
$ 2.50
$ 2.50
Earnings Per Share
$ 2.81
$ 2.05
37.1 %
$ 4.86
$ 4.24
End of Period
Balance Sheet Data
30-Jun-25
30-Jun-24
% Change
31-Dec-24
31-Dec-23
Total Assets
$ 1,000,224
$ 986,039
1.4 %
$ 976,886
$ 958,795
Loans, Net of Allowance for Loan Loss
$ 677,382
$ 631,775
7.2 %
$ 638,832
$ 639,509
Deposits
$ 891,640
$ 885,599
0.7 %
$ 871,306
$ 861,203
Trust Preferred Securities
$ 10,310
$ 10,310
0.0 %
$ 10,310
$ 10,310
Other Borrowings
$ 5,500
$ 7,763
-29.2 %
$ 7,763
$ 7,763
Tangible Shareholders’ Equity
$ 84,456
$ 74,096
14.0 %
$ 81,003
$ 73,246
Trust and Wealth Management Assets
$ 1,062,161
$ 975,896
8.8 %
$ 1,019,951
$ 954,480
Stock Value Per Common Share Data
Price-To-Earnings Ratio *
7.83
8.90
-12.0 %
8.30
6.31
Price-To-Tangible Book Value Ratio
1.03
0.97
5.9 %
1.00
0.93
Tangible Book Value Per Share
$ 85.85
$ 75.51
13.7 %
$ 82.33
$ 74.36
Number of Shares Outstanding
983,705
981,315
983,905
985,039
Average Number of Shares Outstanding
983,773
974,904
983,386
982,767
Stock Price – High
$ 89.00
$ 73.30
$ 82.59
$ 70.00
Low
$ 85.75
$ 70.60
$ 75.95
$ 66.75
Ending
$ 88.25
$ 73.30
$ 82.59
$ 69.50
