v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest and dividend income:        
Loans, including fees $ 35,085 $ 35,275 $ 69,153 $ 70,414
Loans accounted for under the fair value option 85 168 196 377
Investment securities 819 651 1,500 1,254
Interest-bearing deposits in other financial institutions 1,356 1,855 3,577 4,207
Dividends, restricted stock 155 105 283 200
Total interest and dividend income 37,500 38,054 74,709 76,452
Interest expense:        
Deposits 18,208 20,848 36,724 41,470
Other borrowed funds 1,408 1,428 2,648 3,134
Total interest expense 19,616 22,276 39,372 44,604
Net interest income 17,884 15,778 35,337 31,848
Less: Provision for credit losses 1,773 2,334 1,853 2,406
Net interest income, after provision for credit losses 16,111 13,444 33,484 29,442
Non-interest income:        
Trust and investment management fees 4,512 4,875 9,189 9,805
Net gain on mortgage loans 1,187 1,820 2,254 3,084
Net gain on loans held for sale 0 0 222 117
Bank fees 293 327 715 1,218
Risk management and insurance fees 47 109 306 158
Income on company-owned life insurance 112 106 222 211
Net gain (loss) on loans accounted for under the fair value option 26 (315) 32 (617)
Net gain on other real estate owned 0 0 459 0
Unrealized gain (loss) recognized on equity securities 3 (2) 14 (8)
Other 125 52 237 281
Total non-interest income 6,305 6,972 13,650 14,249
Total income before non-interest expense 22,416 20,416 47,134 43,691
Non-interest expense:        
Salaries and employee benefits 11,019 11,097 22,499 22,364
Occupancy and equipment 2,224 2,080 4,434 4,056
Professional services 1,855 1,826 3,559 4,237
Technology and information systems 1,030 1,042 2,108 2,052
Data processing 1,166 1,101 2,288 2,049
Marketing 267 243 483 437
Amortization of other intangible assets 52 56 103 113
Other 1,486 1,556 2,986 3,389
Total non-interest expense 19,099 19,001 38,460 38,697
Income before income taxes 3,317 1,415 8,674 4,994
Income tax expense 814 339 1,986 1,403
Net income available to common shareholders $ 2,503 $ 1,076 $ 6,688 $ 3,591
Earnings per common share:        
Basic (in USD per share) $ 0.26 $ 0.11 $ 0.69 $ 0.37
Diluted (in USD per share) $ 0.26 $ 0.11 $ 0.68 $ 0.37