v3.26.1
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Interest income    
Interest and fees on loans $ 18,626 $ 17,315
Interest and dividends on available-for-sale & equity securities:    
Taxable 3,143 4,013
Tax-exempt 355 353
Interest on interest-bearing balances and other interest income 352 517
Total interest income 22,476 22,198
Interest on deposits    
Interest-bearing demand 1,994 2,400
Money market 1,603 1,818
Savings 903 893
Time less than $100 1,327 1,670
Time of $100 through $250 1,311 1,613
Time greater than $250 530 518
Interest on short-term borrowings 762 456
Interest on long-term debt 0 356
Interest on subordinated debt 937 937
Total interest expense 9,367 10,661
Net interest income 13,109 11,537
Provision for credit losses 300 550
Net interest income after provision for credit losses 12,809 10,987
Non-interest income    
Fees for services to customers 513 447
ATM and debit card 741 656
Retail brokerage and advisory 203 141
Bank-owned life insurance 92 87
Merchant 82 75
Net gain on sale of loans 8 18
Other 162 160
Total non-interest income 1,801 1,584
Non-interest expense    
Salaries and employee benefits 5,616 5,032
Net occupancy 685 614
Furniture and equipment 1,207 1,122
Marketing 358 189
Third party services 814 662
Telephone, postage and supplies 123 124
State taxes 205 267
FDIC insurance premiums 192 274
Merger-related expenses 888 0
Other 1,050 1,085
Total non-interest expense 11,138 9,369
Income before income taxes 3,472 3,202
Provision for income taxes 707 624
Net income $ 2,765 $ 2,578
Earnings per share - basic $ 0.74 $ 0.7
Earnings per share - diluted 0.73 0.69
Cash dividends per share $ 0.39 $ 0.38