v3.26.1
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest income        
Loans and leases $ 60,010 $ 56,621 $ 116,317 $ 111,895
Securities 4,220 3,783 8,465 7,187
Short-term investments 791 878 2,134 1,730
Total interest income 65,021 61,282 126,916 120,812
Interest expense        
Deposits 23,105 24,257 47,033 47,273
Federal Home Loan Bank advances and other borrowings 3,774 3,241 6,224 6,497
Total interest expense 26,879 27,498 53,257 53,770
Net interest income 38,142 33,784 73,659 67,042
Provision for credit losses 2,066 2,701 5,027 5,360
Net interest income after provision for credit losses 36,076 31,083 68,632 61,682
Non-interest income        
Private wealth management service fees 4,257 3,748 8,134 7,240
Gain on sale of Small Business Administration loans 0 397 592 1,360
Service charges on deposits 1,336 1,103 2,653 2,152
Loan fees 528 424 964 812
Bank-owned life insurance policy income 757 615 1,514 1,051
Swap fees 162 170 790 283
Other non-interest income 1,529 798 2,698 1,936
Total non-interest income 8,569 7,255 17,345 14,834
Non-interest expense        
Compensation 18,462 16,534 37,003 33,281
Occupancy 638 564 1,226 1,155
Professional fees 1,493 1,487 2,938 2,946
Data processing 1,482 1,368 2,752 2,450
Marketing 840 1,062 1,551 2,030
Equipment 351 335 758 711
Computer software 1,958 1,656 3,879 3,259
FDIC insurance 819 834 1,729 1,614
Other non-interest expense 1,806 1,128 2,966 2,241
Total non-interest expense 27,849 24,968 54,802 49,687
Income before income tax expense 16,796 13,370 31,175 26,829
Income tax expense 1,216 1,948 3,395 4,236
Net income 15,580 11,422 27,780 22,593
Preferred stock dividend 219 219 438 438
Net income available to common shareholders $ 15,361 $ 11,203 $ 27,342 $ 22,155
Earnings per common share        
Basic $ 1.84 $ 1.35 $ 3.28 $ 2.66
Diluted 1.84 1.35 3.28 2.66
Dividends declared per share $ 0.34 $ 0.29 $ 0.68 $ 0.58