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 $ 53,077 $ 48,992 $ 104,334 $ 96,077
Investment securities 1,504 1,357 2,903 2,760
Federal funds sold and interest-bearing deposits with banks 3,550 1,969 5,505 3,128
Total interest income 58,131 52,318 112,742 101,965
Interest expense        
Deposits 23,094 24,300 44,791 47,869
Borrowings 2,667 2,723 5,322 5,418
Total interest expense 25,761 27,023 50,113 53,287
Net interest income 32,370 25,295 62,629 48,678
Provision for credit losses 1,025 700 2,325 1,450
Net interest income after provision for credit losses 31,345 24,595 60,304 47,228
Noninterest income        
Mortgage banking income 1,323 1,569 2,816 2,993
Service fees on deposit accounts 866 567 1,621 1,106
ATM and debit card income 651 586 1,238 1,138
Income from bank owned life insurance 457 413 902 816
Other income 211 199 470 394
Total noninterest income 3,508 3,334 7,047 6,447
Noninterest expenses        
Compensation and benefits 12,252 11,674 24,232 22,978
Occupancy 2,551 2,523 5,042 5,071
Outside service and data processing 2,416 2,189 4,683 4,226
Insurance 858 910 1,749 1,919
Professional fees 782 609 1,456 1,118
Marketing 423 397 822 771
Other 1,111 1,034 2,423 2,088
Total noninterest expenses 20,393 19,336 40,407 38,171
Income before income tax expense 14,460 8,593 26,944 15,504
Income tax expense 3,265 2,012 5,862 3,657
Net income $ 11,195 $ 6,581 $ 21,082 $ 11,847
Earnings per common share        
Basic $ 1.22 $ 0.81 $ 2.43 $ 1.46
Diluted $ 1.20 $ 0.81 $ 2.39 $ 1.46
Weighted average common shares outstanding        
Basic 9,184,699 8,118,895 8,676,877 8,098,737
Diluted 9,318,515 8,133,789 8,808,517 8,122,215