v3.26.1
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Interest and dividend income:    
Loans, including fees $ 44,484 $ 43,026
Tax-exempt investment securities 22 22
Taxable investment securities 1,552 1,386
Other interest-earning assets 2,773 2,458
Total interest income 48,831 46,892
Interest expense:    
Deposits 21,478 22,564
Borrowings 543 45
Total interest expense 22,021 22,609
Net interest income 26,810 24,283
Provision for credit losses 467 1,598
Net interest income after provision for credit losses 26,343 22,685
Noninterest income:    
Service charges and fees on deposits 430 372
Loan servicing income 801 725
Bank-owned life insurance income 274 247
Gain on sale of loans 1,409 887
Other income 460 349
Total noninterest income 3,374 2,580
Noninterest expense:    
Salaries and employee benefits 9,720 9,075
Occupancy and equipment 2,277 2,289
Professional fees 534 628
Marketing and business promotion 456 243
Data processing 337 333
Director fees and expenses 223 226
Regulatory assessments 361 344
Other expense 906 1,336
Total noninterest expense 14,814 14,474
Income before income taxes 14,903 10,791
Income tax expense 4,250 3,056
Net income 10,653 7,735
Preferred stock dividends 86 40
Net income available to common shareholders $ 10,567 $ 7,695
Earnings per common share, basic (in dollars per share) $ 0.74 $ 0.53
Earnings per common share, diluted (in dollars per share) $ 0.74 $ 0.53
Weighted-average common shares outstanding, basic (in shares) 14,142,092 14,272,267
Weighted-average common shares outstanding, diluted (in shares) 14,238,226 14,403,769