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 and other finance receivables, including fees $ 38,144 $ 36,549
Securities - taxable 1,847 1,693
Securities - tax-exempt 323 313
Cash and cash equivalents 398 613
Total interest income 40,712 39,168
Interest expense:    
Deposits 15,223 16,868
Borrowings and subordinated debentures 2,287 2,524
Total interest expense 17,510 19,392
Net interest income 23,202 19,776
Provision for credit losses 7,493 5,212
Net interest income after provision for credit losses 15,709 14,564
Non-interest income:    
Mortgage banking income 4,528 3,393
Wealth management income $ 1,729 $ 1,535
Type of revenue, extensible list Wealth management income Wealth management income
SBA loan income $ 150 $ 748
Earnings on investment in life insurance 272 222
Net loss on sale of MSRs (159) (52)
Net change in the fair value of derivative instruments (51) 149
Net change in the fair value of loans held-for-sale (380) 102
Net change in the fair value of loans held-for-investment (39) 170
Net gain on hedging activity 18 21
Other 969 1,036
Total non-interest income 7,037 7,324
Non-interest expense:    
Salaries and employee benefits 12,386 11,385
Occupancy and equipment 1,183 1,338
Professional fees 974 763
Data processing and software 1,973 1,479
Advertising and promotion 692 779
Pennsylvania bank shares tax 258 269
Other 2,692 2,730
Total non-interest expense 20,158 18,743
Income before income taxes 2,588 3,145
Income tax expense 582 746
Net income $ 2,006 $ 2,399
Basic earnings per common share (in dollars per share) $ 0.17 $ 0.21
Diluted earnings per common share (in dollars per share) $ 0.17 $ 0.21
Basic weighted average shares outstanding (in shares) 11,811 11,205
Diluted weighted average shares outstanding (in shares) 12,153 11,446