v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Interest income:    
Loans, including fees $ 29,578,000 $ 27,149,000
Investment securities 2,132,000 2,454,000
Fed funds sold and interest-bearing balances in banks 2,136,000 2,649,000
FHLB dividends 584,000 249,000
FRB dividends 120,000 145,000
Total interest and dividend income 34,550,000 32,646,000
Interest expense:    
Deposits 8,964,000 8,683,000
Subordinated debt   891,000
Junior subordinated deferrable interest debentures 390,000 192,000
Total interest expense 9,354,000 9,766,000
Net interest income 25,196,000 22,880,000
(Reversal of) provision for credit losses (670,000) 642,000
Net interest income after (reversal of) provision for credit losses 25,866,000 22,238,000
Noninterest income:    
Gain on sale of loans 123,000 198,000
Gain (loss) on equity securities 58,000 (255,000)
Loan servicing and other loan fees 287,000 389,000
Gain (loss) on investment in Small Business Investment Company ("SBIC") fund 85,000 (109,000)
Other income and fees 251,000 272,000
Total noninterest income 1,545,000 1,440,000
Noninterest expense:    
Salaries and employee benefits 10,849,000 9,935,000
Occupancy and equipment 2,127,000 2,136,000
Data processing 2,038,000 1,853,000
Other expense 1,492,000 2,065,000
Total noninterest expense 16,506,000 15,989,000
Income before provision for income taxes 10,905,000 7,689,000
Provision for income taxes 2,725,000 1,987,000
Net income $ 8,180,000 $ 5,702,000
Earnings per common share:    
Basic earnings per common share (in dollars per share) $ 0.75 $ 0.51
Weighted average common shares outstanding (in shares) 10,909,077 11,136,058
Diluted earnings per common share (in dollars per share) $ 0.75 $ 0.51
Weighted average common shares outstanding (in shares) 10,909,077 11,136,058
Service charges and other fees    
Noninterest income:    
Service charges and other fees $ 741,000 $ 945,000