v3.26.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
INTEREST INCOME:    
Loans $ 35,042 $ 36,882
Interest-earning deposits 602 1,081
Securities 325 244
Total Interest Income 35,969 38,207
INTEREST EXPENSE:    
Deposits 11,402 13,933
Borrowings 423  
Financing lease 10 10
Total Interest Expense 11,835 13,943
Net Interest Income 24,134 24,264
Provision for credit loss   237
Net Interest Income after Provision for Credit Loss 24,134 24,027
NON-INTEREST INCOME:    
Other loan fees and service charges 669 740
Earnings on bank owned life insurance 179 167
Unrealized (loss) gain on equity securities (121) 300
Other 69 28
Total Non-Interest Income 796 1,235
NON-INTEREST EXPENSES:    
Salaries and employee benefits 6,172 5,933
Occupancy expense 874 747
Equipment 223 217
Outside data processing 796 735
Advertising 43 102
Real estate owned expense   30
Other 2,771 2,855
Total Non-Interest Expenses 10,879 10,619
INCOME BEFORE PROVISION FOR INCOME TAXES 14,051 14,643
PROVISION FOR INCOME TAXES 4,099 4,076
NET INCOME $ 9,952 $ 10,567
EARNINGS PER COMMON SHARE - BASIC (in $ per share) $ 0.76 $ 0.8
EARNINGS PER COMMON SHARE - DILUTED (in $ per share) $ 0.74 $ 0.78
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC (in shares) 13,176 13,192
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - DILUTED (in shares) 13,528 13,560