v3.25.1
Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest and dividend income:    
Other interest-earning assets $ 535 $ 1,172
Investment securities 3,608 4,034
Loans and loans held for sale 55,408 48,817
Total interest and dividend income 59,551 54,023
Interest expense:    
Deposits 18,288 17,272
Borrowed funds 1,706 694
Subordinated debt 867 867
Total interest expense 20,861 18,833
Net interest income 38,690 35,190
Provision for credit losses 331 622
Net interest income after provision for credit losses 38,359 34,568
Non-interest income:    
Wealth management fees 2,097 1,850
Deposit and interchange fees 2,157 2,069
Income on bank-owned life insurance, net 506 458
Net gains on sales of loans 47 22
Net (losses) gains on equity securities (301) 465
Other income 682 631
Total non-interest income 5,188 5,495
Non-interest expense:    
Salaries and employee benefits 19,936 19,176
Occupancy and equipment expenses 2,582 2,459
Technology and telecommunications expenses 2,709 2,745
Advertising and public relations expenses 752 743
Audit, legal and other professional fees 541 734
Deposit insurance premiums 878 859
Supplies and postage expenses 229 237
Merger-related expenses 290 0
Other operating expenses 2,032 1,955
Total non-interest expense 29,949 28,908
Income before income taxes 13,598 11,155
Provision for income taxes 3,163 2,648
Net income $ 10,435 $ 8,507
Basic earnings per share (in usd per share) $ 0.84 $ 0.69
Diluted earnings per share (in usd per share) $ 0.84 $ 0.69
Basic weighted average common shares outstanding (in shares) 12,464,721 12,292,417
Diluted weighted average common shares outstanding (in shares) 12,495,458 12,304,203