v3.26.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Interest and dividend income    
Loans $ 48,658 $ 41,804
Securities and other 6,204 5,283
Federal Home Loan Bank stock 155 137
Interest-earning deposits with other banks 233 314
Total interest and dividend income 55,250 47,538
Interest expense    
Deposits 14,889 15,512
Borrowings 3,489 3,019
Total interest expense 18,378 18,531
Net interest income 36,872 29,007
Provision for credit losses on available-for-sale debt securities   636
Provision for credit losses on loans 305 (57)
Net interest income after provision for credit losses 36,567 28,428
Non-interest income    
Trust and investment management fee income 4,115 3,916
Customer service fees 4,102 3,525
(Loss) gain on available-for-sale debt securities, net (1,008)  
Mortgage banking income 682 456
Bank-owned life insurance income 1,987 614
Customer derivative income 329 212
Other income 207 195
Total non-interest income 10,414 8,918
Non-interest expense    
Salaries and employee benefits 15,773 13,733
Occupancy and equipment 4,036 3,325
Depreciation 1,134 1,049
Loss (gain) on premises and equipment, net 134 90
Outside services 464 482
Professional services 349 592
Communication 248 166
Marketing 605 518
Amortization of intangible assets 582 233
FDIC assessment 577 456
Acquisition, conversion and other expenses 1,455 239
Provision (credit) for unfunded commitments (226) (74)
Other expenses 4,696 3,842
Total non-interest expense 29,827 24,651
Income before income taxes 17,154 12,695
Income tax expense 3,617 2,484
Net income $ 13,537 $ 10,211
Earnings per share:    
Basic (in dollars per share) $ 0.81 $ 0.67
Diluted (in dollars per share) $ 0.81 $ 0.66
Weighted average common shares outstanding:    
Basic (in shares) 16,728,128 15,303,645
Diluted (in shares) 16,804,138 15,392,539