v3.25.2
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest and dividend income:    
Loans, including fees $ 43,026 $ 39,251
Tax-exempt investment securities 22 28
Taxable investment securities 1,386 1,218
Other interest-earning assets 2,458 3,058
Total interest income 46,892 43,555
Interest expense:    
Deposits 22,564 21,967
Borrowings 45 589
Total interest expense 22,609 22,556
Net interest income 24,283 20,999
Provision for credit losses 1,598 1,090
Net interest income after provision for credit losses 22,685 19,909
Noninterest income:    
Service charges and fees on deposits 372 378
Loan servicing income 725 919
Bank-owned life insurance income 247 228
Gain on sale of loans 887 1,078
Other income 349 342
Total noninterest income 2,580 2,945
Noninterest expense:    
Salaries and employee benefits 9,075 9,218
Occupancy and equipment 2,289 2,358
Professional fees 628 1,084
Marketing and business promotion 243 319
Data processing 333 402
Director fees and expenses 226 232
Regulatory assessments 344 298
Other expense 1,336 2,441
Total noninterest expense 14,474 16,352
Income before income taxes 10,791 6,502
Income tax expense 3,056 1,817
Net income 7,735 4,685
Preferred stock dividends 40 0
Net income available to common shareholders $ 7,695 $ 4,685
Earnings per common share, basic (in dollars per share) $ 0.53 $ 0.33
Earnings per common share, diluted (in dollars per share) $ 0.53 $ 0.33
Weighted-average common shares outstanding, basic (in shares) 14,272,267 14,235,419
Weighted-average common shares outstanding, diluted (in shares) 14,403,769 14,330,204