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 $ 64,146 $ 57,888 $ 125,872 $ 111,708
Investment Securities 6,904 9,200 13,827 18,597
Other 1,606 2,110 2,922 4,601
Total Interest Income 72,656 69,198 142,621 134,906
INTEREST EXPENSE        
Deposits 29,711 32,497 58,504 64,600
Federal Funds Purchased 19 16 257 16
Notes Payable   260   518
FHLB Advances 2,494 2,852 4,932 5,008
Subordinated Debentures 1,866 1,121 3,715 2,104
Total Interest Expense 34,090 36,746 67,408 72,246
NET INTEREST INCOME 38,566 32,452 75,213 62,660
Provision for Credit Losses 550 2,000 1,750 3,500
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 38,016 30,452 73,463 59,160
NONINTEREST INCOME        
Customer Service Fees 520 496 1,047 991
Net Gain on Sales of Available for Sale Securities   474 7,251 475
Letter of Credit Fees 304 323 489 778
Debit Card Interchange Fees 230 152 431 289
Swap Fees 263 938 503 980
Bank-Owned Life Insurance 451 387 898 766
Investment Advisory Fees 260 213 474 538
FHLB Prepayment Income   301   301
Other Income 296 343 795 588
Total Noninterest Income 2,324 3,627 11,888 5,706
NONINTEREST EXPENSE        
Salaries and Employee Benefits 13,916 11,363 27,408 22,734
Occupancy and Equipment 1,360 1,274 2,735 2,508
FDIC Insurance Assessment 595 750 1,375 1,200
Data Processing 692 625 1,303 1,244
Professional and Consulting Fees 1,267 1,110 2,463 2,104
Derivative Collateral Fees 206 372 374 823
Information Technology and Telecommunications 1,258 971 2,325 1,942
Marketing and Advertising 604 435 1,380 762
Intangible Asset Amortization 227 230 453 460
FHLB Prepayment Penalty     982  
Other Expense 1,769 1,811 3,266 3,300
Total Noninterest Expense 21,894 18,941 44,064 37,077
INCOME BEFORE INCOME TAXES 18,446 15,138 41,287 27,789
Provision for Income Taxes 4,439 3,618 9,874 6,636
NET INCOME 14,007 11,520 31,413 21,153
Preferred Stock Dividends (1,014) (1,014) (2,027) (2,027)
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $ 12,993 $ 10,506 $ 29,386 $ 19,126
EARNINGS PER SHARE        
Basic (in dollars per share) $ 0.47 $ 0.38 $ 1.06 $ 0.7
Diluted (in dollars per share) $ 0.45 $ 0.38 $ 1.03 $ 0.68