v3.26.1
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest income:        
Loans, including fees $ 42,031 $ 41,666 $ 82,977 $ 82,654
Securities:        
Taxable 2,097 2,685 4,240 5,473
Tax-exempt 636 742 1,274 1,485
Deposits with banks 2,130 2,847 4,177 4,464
Securities purchased under agreements to resell 1,580 22 3,197 22
Total interest income 48,474 47,962 95,865 94,098
Interest expense:        
Deposits 19,184 22,676 38,445 44,099
Subordinated notes 1,110 1,104 2,214 2,209
Federal Home Loan Bank advances 2,274 2,259 4,518 4,494
Long-term debt 385 504 782 1,022
Total interest expense 22,953 26,543 45,959 51,824
Net interest income 25,521 21,419 49,906 42,274
Credit loss expense (benefit) 0 0 0 0
Net interest income after credit loss expense 25,521 21,419 49,906 42,274
Noninterest income:        
Increase in cash value of bank-owned life insurance 313 295 621 577
Other income 245 350 501 617
Total noninterest income 2,596 2,410 5,150 4,653
Noninterest expense:        
Salaries and employee benefits 7,987 7,343 15,619 14,347
Occupancy and equipment 2,006 2,034 4,012 3,997
Technology and software 545 643 1,141 1,260
Technology and software 822 791 1,596 1,577
FDIC insurance 444 670 917 1,257
Professional fees 298 303 576 611
Other expenses 1,665 1,701 3,371 3,499
Total noninterest expense 13,767 13,485 27,232 26,548
Income before income taxes 14,350 10,344 27,824 20,379
Income taxes 3,277 2,365 6,179 4,558
Net income $ 11,073 $ 7,979 $ 21,645 $ 15,821
Basic earnings per common share $ 0.65 $ 0.47 $ 1.27 $ 0.94
Diluted earnings per common share $ 0.64 $ 0.47 $ 1.26 $ 0.93
Service charges on deposit accounts [Member]        
Noninterest income:        
Revenue from contract with customer, including assessed tax $ 476 $ 486 $ 984 $ 957
Debit card usage fees [Member]        
Noninterest income:        
Revenue from contract with customer, including assessed tax 514 478 986 924
Trust services [Member]        
Noninterest income:        
Revenue from contract with customer, including assessed tax $ 1,048 $ 801 $ 2,058 $ 1,578