v3.26.1
Consolidated Statements of Income - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Interest income:      
Interest and fees on loans $ 78,875,000 $ 61,450,000 $ 54,999,000
Taxable 17,226,000 15,308,000 11,525,000
Exempt from Federal income taxes 2,268,000 2,574,000 3,681,000
Other 3,278,000 4,993,000 4,387,000
Total interest income 101,647,000 84,325,000 74,592,000
Interest expense:      
Interest on deposits 12,040,000 5,916,000 3,730,000
Interest on junior subordinated deferrable interest debentures 0 0 141,000
Interest on borrowings 1,061,000 4,676,000 896,000
Other 776,000 42,000 31,000
Total interest expense 13,877,000 10,634,000 4,798,000
Net interest income before provision for credit losses 87,770,000 73,691,000 69,794,000
Provision for credit losses 6,850,000 1,196,000 2,775,000
Net interest income after provision for credit losses 80,920,000 72,495,000 67,019,000
Non-interest income:      
Gain on sale of buildings 5,540,000 19,854,000 0
Interchange revenue 3,263,000 3,130,000 3,419,000
Earnings on bank owned life insurance policies, net 741,000 409,000 417,000
Federal Home Loan Bank dividends 658,000 546,000 418,000
Gain on sale of loans held for sale 0 37,000 234,000
Loss on sale of investment securities (5,811,000) (19,817,000) 0
Other 2,361,000 877,000 2,573,000
Total non-interest income 10,526,000 8,780,000 10,722,000
Non-interest expenses:      
Salaries and employee benefits 26,020,000 21,744,000 20,320,000
Occupancy and equipment 9,152,000 7,606,000 5,302,000
Other 16,682,000 12,924,000 11,908,000
Total non-interest expenses 51,854,000 42,274,000 37,530,000
Income before income taxes 39,592,000 39,001,000 40,211,000
Income Tax Expense (Benefit) 9,975,000 10,382,000 10,435,000
Net income $ 29,617,000 $ 28,619,000 $ 29,776,000
Basic earnings per common share (in dollars per share) $ 4.6 $ 4.85 $ 5.08
Diluted earnings per common share (in dollars per share) 4.54 4.8 5.02
Cash dividends on common stock, per share (in dollars per share) $ 1.2 $ 1.08 $ 1
Service [Member]      
Non-interest income:      
Revenue $ 3,133,000 $ 2,988,000 $ 2,789,000
Bank Servicing [Member]      
Non-interest income:      
Revenue $ 641,000 $ 756,000 $ 872,000