v3.26.1
Condensed 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:        
Interest and fees on loans $ 24,777 $ 15,612 $ 48,734 $ 31,008
Interest on investment securities 4,988 4,504 9,987 9,014
Other 595 517 1,006 1,201
Total interest income 30,360 20,633 59,727 41,223
Interest Expense:        
Interest on deposits 3,904 2,284 7,491 4,180
Interest on borrowings 176 146 375 290
Other 273 20 715 31
Total interest expense 4,353 2,450 8,581 4,501
Net interest income before provision for credit losses 26,007 18,183 51,146 36,722
Provision for Credit Losses 600 860 270 1,110
Net interest income after provision for credit losses 25,407 17,323 50,876 35,612
Non-Interest Income:        
Interchange revenue 881 784 1,712 1,474
Other 1,057 796 2,438 2,614
Total non-interest income 2,751 2,361 5,748 5,574
Non-Interest Expenses:        
Salaries and employee benefits 7,520 5,553 15,250 11,433
Occupancy and equipment 2,648 2,050 5,322 4,064
Other 4,336 3,409 9,219 6,980
Total non-interest expenses 14,504 11,012 29,791 22,477
Income before provision for income taxes 13,654 8,672 26,833 18,709
Provision for Income Taxes 3,695 2,351 7,111 5,208
Net income $ 9,959 $ 6,321 $ 19,722 $ 13,501
Basic earnings per share (in dollars per share) $ 1.43 $ 1.07 $ 2.83 $ 2.28
Diluted earnings per share (in dollars per share) $ 1.41 $ 1.05 $ 2.79 $ 2.25
Service [Member]        
Non-Interest Income:        
Revenue $ 813 $ 781 $ 1,598 $ 1,486