v3.25.2
Consolidated Statements of Income and Comprehensive 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 (includes YTD tax-exempt income of $1,388,000 for June 30, 2025 and $1,111,000 for June 30, 2024) $ 35,014 $ 31,839 $ 68,938 $ 62,043
Interest on deposits with other banks 51 56 107 134
Interest and dividends on investments (includes YTD tax-exempt income of $3,913,000 for June 30, 2025 and $3,985,000 for June 30, 2024) 4,760 4,663 9,489 9,369
     Total interest income 39,825 36,558 78,534 71,546
Interest expense        
Interest on deposits 19,725 19,816 38,994 38,993
Interest on borrowed funds 1,691 1,667 3,332 2,598
     Total interest expense 21,416 21,483 42,326 41,591
Net interest income 18,409 15,075 36,208 29,955
Credit loss expense - loans 348 539 744 638
Credit loss expense (reduction) - debt securities HTM 1 (34) 2 (286)
Credit loss expense (reduction) - off-balance sheet credit exposures 137 7 132 (353)
Total credit loss expense (reduction) 486 512 878 (1)
Net interest income after provision for credit losses 17,923 14,563 35,330 29,956
Non-interest income        
Other operating income 747 824 1,536 1,461
     Total non-interest income 4,129 4,157 8,131 7,797
Non-interest expense        
Salaries and employee benefits 6,276 5,585 13,126 11,642
Occupancy expense 876 843 1,753 1,709
Furniture and equipment expense 1,438 1,377 2,900 2,766
FDIC insurance premiums 701 562 1,395 1,126
Amortization of identified intangibles 6 6 13 13
Other operating expense 2,902 2,877 5,856 5,755
     Total non-interest expense 12,199 11,250 25,043 23,011
Income before income taxes 9,853 7,470 18,418 14,742
Income tax expense 1,790 1,299 3,278 2,550
NET INCOME $ 8,063 $ 6,171 $ 15,140 $ 12,192
Basic earnings per common share (usd per share) $ 0.73 $ 0.56 $ 1.37 $ 1.10
Diluted earnings per common share (usd per share) $ 0.72 $ 0.55 $ 1.35 $ 1.10
Other comprehensive income (loss) net of tax        
Net unrealized gain (loss) on securities available for sale, net of taxes $ 1,465 $ (553) $ 5,434 $ (3,794)
Net unrealized (loss) gain on transferred securities, net of taxes (15) 3 (13) 5
Net unrealized (loss) gain on hedging derivative instruments 2 (2) (73) 433
Other comprehensive gain (loss) 1,452 (552) 5,348 (3,356)
Comprehensive income 9,515 5,619 20,488 8,836
Investment management and fiduciary income        
Non-interest income        
Non-interest income 1,336 1,269 2,653 2,457
Service charges on deposit accounts        
Non-interest income        
Non-interest income 539 542 1,070 1,041
Mortgage origination and servicing income, net of amortization        
Non-interest income        
Non-interest income 221 189 416 319
Debit card income        
Non-interest income        
Non-interest income $ 1,286 $ 1,333 $ 2,456 $ 2,519