v3.26.1
Consolidated Statements of Income – (unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Interest and dividend income    
Interest and fees on loans $ 46,787 $ 43,475
Interest and dividends on securities 1,784 1,445
Interest on cash and cash equivalents 1,965 3,557
Total interest and dividend income 50,536 48,477
Interest expense    
Interest expense on deposits 21,930 24,772
Interest expense on borrowings 1,720 1,639
Total interest expense 23,650 26,411
Net interest income 26,886 22,066
(Credit) provision for credit losses (1,029) 463
Net interest income after (credit) provision for credit losses 27,915 21,603
Noninterest income    
Bank-owned life insurance 358 344
Service charges and fees 780 602
Gains and fees from sales of loans 2,425 442
Other (220) 117
Total noninterest income 3,343 1,505
Noninterest expense    
Salaries and employee benefits 9,830 7,052
Occupancy and equipment 2,705 2,575
Professional services 1,393 1,529
Data processing 716 885
Director fees 363 348
FDIC insurance 543 779
Marketing 126 142
Other 1,213 831
Total noninterest expense 16,889 14,141
Income before income tax expense 14,369 8,967
Income tax expense 3,094 2,079
Net income $ 11,275 $ 6,888
Earnings Per Common Share:    
Basic (in dollars per share) $ 1.42 $ 0.88
Diluted (in dollars per share) $ 1.41 $ 0.87
Weighted Average Common Shares Outstanding:    
Basic (in shares) 7,724,253 7,670,224
Diluted (in shares) 7,800,935 7,740,521
Dividends per common share (in dollars per share) $ 0.20 $ 0.20