v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
INTEREST INCOME    
Interest and fees on loans $ 29,790 $ 27,314
Interest on investment securities:    
Taxable 2,483 2,664
Tax exempt 502 576
Interest on Federal funds sold and other 1,644 1,353
TOTAL INTEREST INCOME 34,419 31,907
INTEREST EXPENSE    
Savings and NOW accounts 5,280 4,894
Time deposits 710 2,224
FHLB advances 98 931
Subordinated notes 430 230
TOTAL INTEREST EXPENSE 6,518 8,279
NET INTEREST INCOME 27,901 23,628
Provision (credit) for credit losses - loans (436) 202
NET INTEREST INCOME AFTER PROVISION (CREDIT) FOR CREDIT LOSSES 28,337 23,426
NONINTEREST INCOME    
Service charges on deposit accounts 355 290
Trust income 1,727 1,674
Investment advisory income 1,542 1,766
Earnings on bank owned life insurance 192 259
Other 361 367
TOTAL NONINTEREST INCOME 4,177 4,356
NONINTEREST EXPENSE    
Salaries 7,409 6,905
Employee benefits 3,102 2,450
Occupancy expense 1,336 1,277
Professional fees 1,465 1,347
Directors' fees and expenses 622 306
Computer software expense 1,879 1,982
FDIC assessment 330 330
Advertising expenses 425 389
Advisor expenses related to trust income 24 22
Telephone expenses 264 207
Intangible amortization 71 71
Other 997 1,208
TOTAL NONINTEREST EXPENSE 17,924 16,494
Income before income taxes 14,590 11,288
Provision for income taxes 3,306 2,584
NET INCOME $ 11,284 $ 8,704
Basic earnings per share (in dollars per share) $ 0.85 $ 0.77
Diluted earnings per share (in dollars per share) $ 0.85 $ 0.77
Weighted average shares outstanding, Basic (in shares) 13,351,885 11,331,884
Weighted average shares outstanding, Diluted (in shares) 13,351,885 11,331,884