v3.26.1
Condensed Consolidated Statements of Earnings (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Interest income:    
Loans $ 18,114 $ 13,601
Debt securities 191 160
Other 1,148 1,246
Total interest income 19,453 15,007
Interest expense:    
Deposits 6,176 5,278
Borrowings 87 303
Total interest expense 6,263 5,581
Net interest income 13,190 9,426
Credit loss expense (reversal) 770 (165)
Net interest income after credit loss expense 12,420 9,591
Noninterest income:    
Service charges and fees 1,313 1,038
Other 471 193
Total noninterest income 1,784 1,231
Noninterest expenses:    
Salaries and employee benefits 4,988 3,381
Professional fees 295 247
Occupancy and equipment 338 282
Data processing 914 533
Regulatory assessment 179 198
Gain on sale and write-downs of other real estate owned (5)
Other 1,297 985
Total noninterest expenses 8,006 5,626
Net income before income taxes 6,198 5,196
Income taxes 1,535 1,326
Net income $ 4,663 $ 3,870
Earnings per share - Basic $ 0.39 $ 0.33
Earnings per share - Diluted [1] $ 0.20 $ 0.17
[1] Earnings per share amounts for all periods presented have been restated to reflect the impact of the amendment to the rights of the Series B Preferred shares, as described in Note 11. This amendment resulted in a change in the calculation of diluted earnings per share, applied retrospectively to ensure comparability.