Business Segments - Profit (loss) reconciliation (Details) |
3 Months Ended | 6 Months Ended | ||||
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Jun. 30, 2025
USD ($)
$ / shares
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Mar. 31, 2025
USD ($)
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Jun. 30, 2024
USD ($)
$ / shares
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Mar. 31, 2024
USD ($)
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Jun. 30, 2025
USD ($)
segment
$ / shares
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Jun. 30, 2024
USD ($)
$ / shares
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Business Segments | ||||||
Number of reportable segment | segment | 1 | |||||
Total interest income | $ 38,039,000 | $ 40,237,000 | $ 76,246,000 | $ 78,358,000 | ||
Total interest expense | 12,965,000 | 14,015,000 | 26,908,000 | 27,150,000 | ||
Net interest income | 25,074,000 | 26,222,000 | 49,338,000 | 51,208,000 | ||
Provision for (reversal of) credit losses | (226,000) | 237,000 | (391,000) | |||
Net interest income after provision for credit losses | 25,074,000 | 26,448,000 | 49,101,000 | 51,599,000 | ||
Total non-interest income | 858,000 | 731,000 | 2,093,000 | 1,285,000 | ||
Non-interest expense: | ||||||
Salaries and employee benefits | 5,650,000 | 5,252,000 | 11,583,000 | 10,603,000 | ||
Occupancy expense | 743,000 | 674,000 | 1,489,000 | 1,381,000 | ||
Equipment | 253,000 | 221,000 | 470,000 | 474,000 | ||
Outside data processing | 758,000 | 607,000 | 1,494,000 | 1,243,000 | ||
Advertising | 123,000 | 94,000 | 225,000 | 182,000 | ||
Real estate owned expense | 247,000 | 27,000 | 277,000 | 39,000 | ||
Other | 2,734,000 | 2,623,000 | 5,589,000 | 5,257,000 | ||
Total Non-Interest Expenses | 10,508,000 | 9,498,000 | 21,127,000 | 19,179,000 | ||
Income before income tax expense | 15,424,000 | 17,681,000 | 30,067,000 | 33,705,000 | ||
Income tax expense | 4,254,000 | 4,883,000 | 8,330,000 | 9,533,000 | ||
Net Income | 11,170,000 | $ 10,567,000 | 12,798,000 | $ 11,374,000 | 21,737,000 | 24,172,000 |
Reconciliation of profit or loss | ||||||
Net Income (Loss) | $ 11,170,000 | $ 10,567,000 | $ 12,798,000 | $ 11,374,000 | $ 21,737,000 | $ 24,172,000 |
Basic (in $ per share) | $ / shares | $ 0.85 | $ 0.98 | $ 1.65 | $ 1.84 | ||
Diluted (in $ per share) | $ / shares | $ 0.82 | $ 0.97 | $ 1.6 | $ 1.83 | ||
Operating segments | Single reportable segment | ||||||
Business Segments | ||||||
Total interest income | $ 38,039,000 | $ 40,237,000 | $ 76,246,000 | $ 78,358,000 | ||
Total interest expense | 12,965,000 | 14,015,000 | 26,908,000 | 27,150,000 | ||
Net interest income | 25,074,000 | 26,222,000 | 49,338,000 | 51,208,000 | ||
Provision for (reversal of) credit losses | (226,000) | 237,000 | (391,000) | |||
Net interest income after provision for credit losses | 25,074,000 | 26,448,000 | 49,101,000 | 51,599,000 | ||
Total non-interest income | 858,000 | 731,000 | 2,093,000 | 1,285,000 | ||
Non-interest expense: | ||||||
Salaries and employee benefits | 5,650,000 | 5,252,000 | 11,583,000 | 10,603,000 | ||
Occupancy expense | 743,000 | 674,000 | 1,489,000 | 1,381,000 | ||
Equipment | 253,000 | 221,000 | 470,000 | 474,000 | ||
Outside data processing | 758,000 | 607,000 | 1,494,000 | 1,243,000 | ||
Advertising | 123,000 | 94,000 | 225,000 | 182,000 | ||
Real estate owned expense | 247,000 | 27,000 | 277,000 | 39,000 | ||
Other | 2,734,000 | 2,623,000 | 5,589,000 | 5,257,000 | ||
Total Non-Interest Expenses | 10,508,000 | 9,498,000 | 21,127,000 | 19,179,000 | ||
Income before income tax expense | 15,424,000 | 17,681,000 | 30,067,000 | 33,705,000 | ||
Income tax expense | 4,254,000 | 4,883,000 | 8,330,000 | 9,533,000 | ||
Net Income | 11,170,000 | 12,798,000 | 21,737,000 | 24,172,000 | ||
Reconciliation of profit or loss | ||||||
Net Income (Loss) | $ 11,170,000 | $ 12,798,000 | $ 21,737,000 | $ 24,172,000 |
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- Definition Amount charged to advertising expense for the period, which are expenses incurred with the objective of increasing revenue for a specified brand, product or product line. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition This element represents equipment expense including depreciation, repairs, rentals, and service contract costs. This item also includes equipment purchases which do not qualify for capitalization in accordance with the entity's accounting policy. This item may also include furniture expenses. No definition available.
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- Definition Amount of expense recognized during the period for the foreclosure on real estate assets. No definition available.
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The amount of expenses incurred in the period for information technology and data processing products and services. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Represents the total of interest and dividend income, including any amortization and accretion (as applicable) of discounts and premiums, earned from (1) loans and leases whether held-for-sale or held-in-portfolio; (2) investment securities; (3) federal funds sold; (4) securities purchased under agreements to resell; (5) investments in banker's acceptances, commercial paper, or certificates of deposit; (6) dividend income; or (7) other investments not otherwise specified herein. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of interest expense classified as operating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of interest income or expense, including any amortization and accretion (as applicable) of discounts and premiums, including consideration of the provisions for loan, lease, credit, and other related losses. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of interest income (expense) classified as operating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Total aggregate amount of all noninterest expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The total amount of noninterest income which may be derived from: (1) fees and commissions; (2) premiums earned; (3) insurance policy charges; (4) the sale or disposal of assets; and (5) other sources not otherwise specified. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Number of segments reported by the entity. A reportable segment is a component of an entity for which there is an accounting requirement to report separate financial information on that component in the entity's financial statements. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of net occupancy expense that may include items, such as depreciation of facilities and equipment, lease expenses, property taxes and property and casualty insurance expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of noninterest expense classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of credit loss expense (reversal of expense) for financing receivable. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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