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) $ 33,279 $ 42,969
Deposits with other banks 8,637 5,999
Securities (including FHLB stock) 10,359 5,495
Total Interest Income 52,275 54,463
Interest Expense:    
Demand deposits 9,610 12,204
Savings deposits 946 1,262
Time deposits 18,599 15,890
Borrowings 2,431 2,884
Total Interest Expense 31,586 32,240
Net Interest Income 20,689 22,223
Less: Provision for credit losses 2,625 14,548
Net Interest Income after Provision for Credit Losses 18,064 7,675
Noninterest Income:    
Service charges, commissions and fees 758 849
ATM and debit card fees 642 747
Net gains on securities 1 0
Net gains on sale of assets 44 4
Other 763 754
Total Noninterest Income 2,208 2,354
Noninterest Expense:    
Salaries and employee benefits 7,352 8,441
Occupancy and equipment expense 2,464 2,640
Other 6,913 6,936
Total Noninterest Expense 16,729 18,017
Income (Loss) Before Income Taxes 3,543 (7,988)
Provision (benefit) for income taxes 800 (1,822)
Net Income (Loss) 2,743 (6,166)
Less: Preferred stock dividends 582 582
Net Income (Loss) Available to Common Shareholders $ 2,161 $ (6,748)
Per Common Share:    
Earnings (Loss) (in dollars per share) $ 0.14 $ (0.54)
Cash dividends paid (in dollars per share) $ 0.01 $ 0.01
Weighted Average Common Shares Outstanding (in shares) 15,796,040 12,506,792