v3.25.1
CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest income    
Loans $ 47,085 $ 45,605
Investment securities 1,403 1,478
Federal funds sold and interest-bearing deposits with banks 1,159 1,280
Total interest income 49,647 48,363
Interest expense    
Deposits 23,569 26,932
Borrowings 2,695 2,786
Total interest expense 26,264 29,718
Net interest income 23,383 18,645
Provision for (reversal of) credit losses 750 (175)
Net interest income after provision for (reversal of) credit losses 22,633 18,820
Noninterest income    
Mortgage banking income 1,424 1,164
Service fees on deposit accounts 539 387
ATM and debit card income 552 544
Income from bank owned life insurance 403 377
Other income 196 192
Total noninterest income 3,114 2,664
Noninterest expenses    
Compensation and benefits 11,304 10,857
Occupancy 2,548 2,557
Outside service and data processing costs 2,037 1,846
Insurance 1,010 955
Professional fees 509 618
Marketing 374 369
Other 1,054 898
Total noninterest expenses 18,836 18,100
Income before income tax expense 6,911 3,384
Income tax expense 1,645 862
Net income $ 5,266 $ 2,522
Earnings per common share    
Basic $ 0.65 $ 0.31
Diluted $ 0.65 $ 0.31
Weighted average common shares outstanding    
Basic 8,078,355 8,110,249
Diluted 8,110,514 8,141,921