v3.25.2
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 income        
Interest and fees on loans $ 32,967 $ 33,255 $ 64,852 $ 65,083
Interest on investment securities - taxable 1,673 1,779 3,391 3,580
Interest on investment securities - tax exempt 30 22 61 44
Federal Home Loan Bank dividends 181 193 366 384
Other interest income 793 951 1,499 1,770
Total interest income 35,644 36,200 70,169 70,861
Interest expense        
Interest on deposits 13,669 13,494 26,496 25,528
Interest on borrowings 1,685 4,180 4,031 7,923
Total interest expense 15,354 17,674 30,527 33,451
Net interest income 20,290 18,526 39,642 37,410
Provision for credit losses 925 2,998 925 3,317
Net interest income after provision for credit losses 19,365 15,528 38,717 34,093
Noninterest income        
Service charges, fees and other income 840 658 1,602 1,275
Foreign exchange income 196 208 416 460
Bank-owned life insurance income 93 137 183 324
Warrant and success fee income 273   273  
Other investment income (23) 59 24 214
Other income 159 36 211 108
Total noninterest income 1,538 1,098 2,709 2,381
Noninterest expense        
Salaries and employee benefits 8,978 7,980 18,075 16,774
Occupancy and equipment 759 1,039 1,755 2,067
Data processing 759 597 1,374 1,161
Regulatory assessments 420 568 964 1,014
Legal and professional fees 715 541 1,226 1,152
Other expense 978 1,033 2,057 2,016
Total noninterest expense 12,609 11,758 25,451 24,184
Income before provision for income taxes 8,294 4,868 15,975 12,290
Provision for income taxes 2,497 1,402 4,742 3,578
Net income $ 5,797 $ 3,466 $ 11,233 $ 8,712
Basic earnings per common share $ 0.77 $ 0.47 $ 1.50 $ 1.18
Diluted earnings per common share $ 0.75 $ 0.46 $ 1.46 $ 1.15
Weighted average shares - basic 7,534,264 7,426,949 7,511,285 7,406,794
Weighted average shares - diluted 7,686,385 7,578,613 7,684,976 7,565,065