v3.26.1
CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Interest income:    
Loans, including fees $ 50,270 $ 46,130
Investment securities:    
Taxable 7,119 6,335
Nontaxable 2,907 2,550
Federal funds sold 91 189
Total interest income 60,387 55,204
Interest expense:    
Deposits 12,708 14,478
Other short-term borrowings 3,336 2,942
FHLB borrowings 2,550 3,622
Total interest expense 18,594 21,042
Net interest income 41,793 34,162
Credit loss expense (benefit) (1,066) 3,870
Net interest income after credit loss expense 42,859 30,292
Noninterest income:    
Net gain on sale of loans 515 244
Other noninterest income 987 777
Loss on sale of investment securities (13) 0
Noninterest income 8,533 8,121
Noninterest expenses:    
Salaries and employee benefits 12,546 11,365
Occupancy 912 1,150
Furniture, equipment and software 2,386 1,746
Office supplies and postage 554 512
Advertising and business development 1,018 834
Outside services 4,573 3,885
FDIC insurance assessment 526 512
Other noninterest expense 1,365 643
Noninterest expenses 23,880 20,647
Income before income taxes 27,512 17,766
Income taxes 5,569 3,333
Net income $ 21,943 $ 14,433
Earnings per share:    
Basic (in dollars per share) $ 2.50 $ 1.61
Diluted (in dollars per share) $ 2.50 $ 1.61
Trust fees    
Noninterest income:    
Fee income $ 3,966 $ 4,045
Service charges and fees    
Noninterest income:    
Fee income $ 3,078 $ 3,055