v3.26.1
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
INTEREST AND DIVIDEND INCOME        
Interest and fees on loans $ 32,234 $ 29,500 $ 63,779 $ 57,771
Interest on securities 5,778 5,148 11,622 10,003
Interest on deposits in other banks 1,294 2,063 3,031 4,724
Dividends on stock 17 19 36 40
Total Interest and Dividend Income 39,323 36,730 78,468 72,538
INTEREST EXPENSE        
Interest on deposits 10,356 10,911 21,097 22,109
Total Interest Expense 10,356 10,911 21,097 22,109
Net Interest Income 28,967 25,819 57,371 50,429
Provision for credit losses 750 450 1,500 900
Net Interest Income After Provision for Credit Losses 28,217 25,369 55,871 49,529
NONINTEREST INCOME        
Service charges on deposit accounts 1,388 1,337 2,783 2,719
Debit card income, net 1,067 1,081 1,983 2,074
Mortgage loan income 928 567 1,533 1,097
Brokerage income 874 989 1,812 2,314
Loan and deposit income 521 418 1,019 877
Bank-owned life insurance income 236 224 457 437
Gain (Loss) on equity securities (13) 9 (31) 53
Gain (Loss) on sale and call of securities (22) 0 (22) 0
SBIC income (loss) (291) 47 (395) 327
Other income (loss) 50 46 132 92
Total Noninterest Income 4,738 4,718 9,271 9,990
OPERATING EXPENSES        
Personnel expenses 10,711 10,216 21,228 20,239
Occupancy and equipment expenses 1,935 1,753 3,819 3,548
Technology expenses 955 821 1,818 1,655
Advertising 324 286 652 619
Other business development expenses 641 455 1,190 1,013
Data processing expense 758 721 1,135 1,009
Other taxes 553 609 1,113 1,221
Loan and deposit expenses 242 398 345 460
Legal and professional expenses 604 612 1,133 1,244
Regulatory assessment expenses 409 388 825 779
Other operating expenses 1,154 1,108 2,278 2,168
Total Operating Expenses 18,286 17,367 35,536 33,955
Income Before Income Tax Expense 14,669 12,720 29,606 25,564
Income tax expense 2,906 2,524 5,872 5,016
Net Income $ 11,763 $ 10,196 $ 23,734 $ 20,548
EARNINGS PER SHARE        
Basic (in dollars per share) $ 1.79 $ 1.51 $ 3.61 $ 3.04
Diluted (in dollars per share) $ 1.78 $ 1.51 $ 3.59 $ 3.03