v3.25.4
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Interest Income      
Loans, including fees $ 179,474 $ 170,255 $ 149,338
Investment securities:      
Taxable interest 10,006 10,618 11,537
Tax-exempt interest 288 290 367
Other investments and deposits 4,004 3,604 2,421
Total interest income 193,772 184,767 163,663
Interest Expense      
Deposits 53,377 52,780 27,504
Other borrowings expense 168 6,094 214
Subordinated debt expense 3,379 3,381 3,390
Short-term Federal Home Loan Bank advances 3,078 963 10,727
Long-term Federal Home Loan Bank advances 516 1,287 1,136
Total interest expense 60,518 64,505 42,971
Net interest income 133,254 120,262 120,692
Provision for loan losses 1,134 2,415 2,341
Net interest income after provision for loan losses 132,120 117,847 118,351
Noninterest Income      
Gain on sale of loans, net 860 470 816
Income from bank-owned life insurance 1,136 1,100 1,045
Loss on sale of securities, net 0 0 (249)
Gain (loss) on sale of assets, net 3 33 (27)
Other income 1,364 1,379 1,008
Total noninterest income 15,461 14,625 14,636
Noninterest Expense      
Compensation and benefits 53,479 51,330 48,933
Occupancy 10,024 10,131 9,674
Marketing and advertising 1,965 2,000 2,146
Data processing and communication 10,374 10,241 9,372
Professional services 1,608 1,922 1,690
Forms, printing and supplies 802 794 781
Franchise and shares tax 1,868 1,863 1,755
Regulatory fees 1,908 1,954 2,040
Foreclosed assets, net 1,077 341 (547)
Amortization of acquisition intangible 1,087 1,328 1,601
(Reversal) provision for credit losses on unfunded commitments (1,075) 106 501
Other expenses 6,446 5,279 4,895
Total noninterest expense 89,563 87,289 82,841
Income before income tax expense 58,018 45,183 50,146
Income tax expense 11,956 8,756 9,906
Net Income $ 46,062 $ 36,427 $ 40,240
Earnings per share:      
Basic (in usd per share) $ 5.93 $ 4.58 $ 5.02
Diluted (in usd per share) 5.87 4.55 4.99
Cash dividends declared per common share (in usd per share) $ 1.14 $ 1.01 $ 1.00
Service fees and charges      
Noninterest Income      
Fees and charges $ 5,500 $ 5,118 $ 4,992
Bank card fees      
Noninterest Income      
Fees and charges $ 6,598 $ 6,525 $ 7,051