v3.25.2
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        
Loans, including fees $ 30,361 $ 27,604 $ 58,337 $ 54,701
Investment securities 5,148 5,048 10,375 10,568
Deposits with other banks and short term investments 1,326 684 3,648 1,377
Total interest income 36,835 33,336 72,360 66,646
Interest expense        
Deposits 11,632 12,106 23,405 24,197
Federal Home Loan Bank advances 1,889 1,821 3,762 3,393
Other borrowings 929 1,000 1,856 1,993
Total interest expense 14,450 14,927 29,023 29,583
Net interest income 22,385 18,409 43,337 37,063
Provision for Credit Losses 450 650 1,950 1,650
Net interest income after provision for credit losses 21,935 17,759 41,387 35,413
Noninterest income        
Gain on sales of SBA loans 1,550 2,347 2,585 4,393
Loss on sales of securities 0 (425) 0 (980)
BOLI Income 423 397 819 930
Insurance commissions 766 420 1,235 885
Other 1,083 949 2,538 2,297
Total noninterest income 10,098 9,497 19,142 18,984
Noninterest expense        
Salaries and employee benefits 12,865 12,278 24,770 24,296
Occupancy and equipment 1,683 1,474 3,263 2,981
Information technology expense 2,592 2,227 5,069 4,337
Professional fees 742 704 1,490 1,538
Advertising and public relations 942 966 1,747 1,926
Communications 188 216 393 442
Other 2,992 2,465 5,493 5,207
Total noninterest expense 22,004 20,330 42,225 40,727
Income before income taxes 10,029 6,926 18,304 13,670
Income taxes 2,051 1,452 3,713 2,863
Net income $ 7,978 $ 5,474 $ 14,591 $ 10,807
Earnings per common share:        
Basic (in dollars per share) $ 0.46 $ 0.31 $ 0.83 $ 0.62
Diluted (in dollars per share) 0.46 0.31 0.83 0.62
Dividends declared per share (in dollars per share) $ 0.1150 $ 0.1125 $ 0.2300 $ 0.2250
Weighted average common shares outstanding:        
Basic (in shares) 17,448,945 17,551,007 17,478,836 17,555,609
Diluted (in shares) 17,448,945 17,551,007 17,478,836 17,555,609
Service charges on deposits        
Noninterest income        
Noninterest income $ 2,219 $ 2,289 $ 4,391 $ 4,662
Mortgage fee income        
Noninterest income        
Noninterest income 1,984 1,442 3,563 2,691
Interchange fees        
Noninterest income        
Noninterest income $ 2,073 $ 2,078 $ 4,011 $ 4,106