v3.26.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Fee Revenue and Other Income:    
Fee revenues $ 26,531 $ 26,766
Gain (Loss) on Sale of Investments 5 (18)
Other 1,782 1,626
Total fee revenue and other income 27,946 28,038
Interest Income:    
Interest and fees on loans 15,277 15,350
Interest and dividends on investment securities:    
Taxable 5,595 3,515
Exempt from federal income taxes 1,400 632
Interest on federal funds sold and other short-term investments 2,832 3,893
Total interest income 25,104 23,390
Interest Expense:    
Interest on deposits 3,828 4,116
Interest on short-term borrowings 60 0
Interest Expense, Operating 3,888 4,116
Net interest income 21,216 19,274
Provision for credit losses 61 905
Net interest income after provision for credit losses 21,155 18,369
Total net revenue 49,101 46,407
Operating Expense:    
Total personnel expenses 27,279 27,279
Occupancy 681 721
Equipment 2,432 2,294
Amortization of intangible assets 293 293
Other operating expense 7,533 6,943
Total operating expense 38,218 35,530
Income from continuing operations, before income tax expense 10,883 10,877
Income tax expense 2,144 2,326
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent 8,739 8,551
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent 93 415
Net income $ 8,832 $ 8,966
Income (Loss) from Continuing Operations, Per Basic Share $ 0.68 $ 0.64
Basic earnings per share (in dollars per share) 0.69 0.67
Income (Loss) from Continuing Operations, Per Diluted Share 0.66 0.63
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share 0.01 0.03
Diluted earnings per share (in dollars per share) 0.67 0.66
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share $ 0.01 $ 0.03
Salaries and commissions $ 19,268 $ 19,663
Share-based compensation expense 1,439 1,241
Profit Sharing Expense 1,634 1,502
Other benefits 4,938 4,873
Bad debt expense 0 (2,000)
Processing fees    
Fee Revenue and Other Income:    
Fee revenues 15,728 16,469
Financial fees    
Fee Revenue and Other Income:    
Fee revenues $ 10,431 $ 9,961