v3.26.1
Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Interest income    
Interest and fees on loans (includes YTD tax-exempt income of $591,000 for March 31, 2026 and $721,000 for March 31, 2025) $ 34,725 $ 33,924
Interest on deposits with other banks 30 56
Interest and dividends on investments (includes YTD tax-exempt income of $1,902,000 for March 31, 2026 and $1,955,000 for March 31, 2025) 4,384 4,729
     Total interest income 39,139 38,709
Interest expense    
Interest on deposits 16,702 19,269
Interest on borrowed funds 1,748 1,641
     Total interest expense 18,450 20,910
Net interest income 20,689 17,799
Credit loss expense - loans 650 396
Credit loss (reduction) expense - debt securities HTM (1) 1
Credit loss reduction - off-balance sheet credit exposures (29) (5)
Total credit loss expense 620 392
Net interest income after provision for credit losses 20,069 17,407
Non-interest income    
Net securities gains 12 0
Other operating income 1,017 789
     Total non-interest income 4,451 4,002
Non-interest expense    
Salaries and employee benefits 7,330 6,850
Occupancy expense 956 877
Furniture and equipment expense 1,543 1,462
FDIC insurance premiums 570 694
Amortization of identified intangibles 7 7
Other operating expense 3,210 2,954
     Total non-interest expense 13,616 12,844
Income before income taxes 10,904 8,565
Income tax expense 1,911 1,488
NET INCOME $ 8,993 $ 7,077
Basic earnings per common share (usd per share) $ 0.81 $ 0.64
Diluted earnings per common share (usd per share) $ 0.80 $ 0.63
Other comprehensive income (loss) net of tax    
Net unrealized (loss) gain on securities available for sale, net of taxes $ (1,449) $ 3,969
Net unrealized gain on transferred securities, net of taxes 3 2
Net unrealized loss on hedging derivative instruments 0 (75)
Other comprehensive (loss) gain (1,446) 3,896
Comprehensive income 7,547 10,973
Investment management and fiduciary income    
Non-interest income    
Non-interest income 1,486 1,317
Service charges on deposit accounts    
Non-interest income    
Non-interest income 560 531
Mortgage origination and servicing income, net of amortization    
Non-interest income    
Non-interest income 176 195
Debit card income    
Non-interest income    
Non-interest income $ 1,200 $ 1,170