v3.25.4
Quarterly Information
 12 Months Ended
Dec. 31, 2025
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Information Quarterly Information
The following tables provide unaudited financial information by quarter for each of the past two years:
Dollars in thousands except per share data2024Q12024Q22024Q32024Q42025Q12025Q22025Q32025Q4
Balance Sheets
Cash and cash equivalents$23,875 $27,816 $35,136 $27,636 $26,432 $27,360 $31,606 $27,779 
Interest-bearing deposits in other banks2,911 33,133 17,199 22,100 2,938 3,253 7,225 4,124 
Investments653,904 651,023 662,656 644,384 649,335 646,121 636,045 620,408 
Restricted equity securities5,933 7,110 6,420 7,203 7,509 7,734 6,916 8,275 
Net loans and loans held for sale2,149,539 2,222,977 2,283,254 2,316,069 2,358,036 2,369,178 2,373,765 2,368,744 
Other assets142,008 142,885 137,898 139,618 143,122 145,864 142,921 136,973 
Total assets$2,978,170 $3,084,944 $3,142,563 $3,157,010 $3,187,372 $3,199,510 $3,198,478 $3,166,303 
Deposits$2,548,988 $2,578,080 $2,702,718 $2,725,251 $2,711,335 $2,705,337 $2,737,550 $2,664,752 
Borrowed funds154,779 230,620 151,027 146,278 185,444 196,170 152,968 187,821 
Other liabilities31,779 31,576 32,035 32,988 30,912 32,511 33,394 30,587 
Shareholders' equity242,624 244,668 256,783 252,493 259,681 265,492 274,566 283,143 
Total liabilities & equity$2,978,170 $3,084,944 $3,142,563 $3,157,010 $3,187,372 $3,199,510 $3,198,478 $3,166,303 
Income and Comprehensive Income Statements
Interest income$34,988 $36,558 $38,287 $38,999 $38,709 $39,825 $41,005 $40,732 
Interest expense20,108 21,483 21,885 21,446 20,910 21,416 20,947 19,621 
Net interest income14,880 15,075 16,402 17,553 17,799 18,409 20,058 21,111 
Credit loss (reduction) expense(513)512 (638)1,164 392 486 700 272 
Net interest income after credit loss (reduction) expense15,393 14,563 17,040 16,389 17,407 17,923 19,358 20,839 
Non-interest income3,640 4,157 4,122 4,436 4,002 4,129 4,475 4,734 
Non-interest expense11,761 11,250 12,000 12,145 12,844 12,199 12,754 13,131 
Income before taxes7,272 7,470 9,162 8,680 8,565 9,853 11,079 12,442 
Income taxes1,251 1,299 1,591 1,398 1,488 1,790 1,997 2,270 
Net income$6,021 $6,171 $7,571 $7,282 $7,077 $8,063 $9,082 $10,172 
Basic earnings per share$0.55 $0.56 $0.69 $0.65 $0.64 $0.73 $0.82 $0.91 
Diluted earnings per share$0.54 $0.55 $0.68 $0.66 $0.63 $0.72 $0.81 $0.91 
Other comprehensive income (loss), net of tax
Net unrealized (loss) gain on securities available for sale$(3,241)$(553)$8,975 $(8,277)$3,969 $1,465 $3,714 $2,182 
Net unrealized gain (loss) on securities transferred from available for sale to held to maturity2 3 2 2 2 (15)20 2 
Net unrealized gain (loss) on cash flow hedging derivative instruments435 (2)(869)293 (75)2 (65)(19)
Unrecognized loss on postretirement benefit costs— — — (16)— — — (47)
Other comprehensive income (loss)$(2,804)$(552)$8,108 $(7,998)$3,896 $1,452 $3,669 $2,118 
Comprehensive income (loss)$3,217 $5,619 $15,679 $(716)$10,973 $9,515 $12,751 $12,290