v3.25.2
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest Income:        
Interest and fees on loans $ 15,612 $ 15,412 $ 31,008 $ 30,005
Interest on investment securities 4,504 4,534 9,014 8,930
Other 517 1,214 1,201 2,252
Total interest income 20,633 21,160 41,223 41,187
Interest Expense:        
Interest on deposits 2,284 1,316 4,180 2,502
Interest on borrowings 146 1,431 290 2,798
Other 20 8 31 25
Total interest expense 2,450 2,755 4,501 5,325
Net interest income before provision for credit losses 18,183 18,405 36,722 35,862
Provision for Credit Losses 860 925 1,110 1,746
Net interest income after provision for credit losses 17,323 17,480 35,612 34,116
Non-Interest Income:        
Interchange revenue 784 782 1,474 1,522
Service charges 781 743 1,486 1,458
Net gain (loss) on sale of investment securities 3 0 3 (19,826)
Gain on sale of buildings 0 0 0 19,854
Other 793 677 2,611 1,334
Total non-interest income 2,361 2,202 5,574 4,342
Non-Interest Expenses:        
Salaries and employee benefits 5,553 5,283 11,433 10,649
Occupancy and equipment 2,050 1,949 4,064 3,639
Other 3,409 3,164 6,980 6,505
Total non-interest expenses 11,012 10,396 22,477 20,793
Income before provision for income taxes 8,672 9,286 18,709 17,665
Provision for Income Taxes 2,351 2,500 5,208 4,625
Net income $ 6,321 $ 6,786 $ 13,501 $ 13,040
Basic earnings per share (in dollars per share) $ 1.07 $ 1.15 $ 2.28 $ 2.21
Diluted earnings per share (in dollars per share) $ 1.05 $ 1.14 $ 2.25 $ 2.19