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
Fee Revenue and Other Income:        
Fee revenues $ 27,435 $ 27,211 $ 53,966 $ 53,977
Gain (Loss) on Sale of Investments 5 (3,558) 10 (3,576)
Other 1,885 1,645 3,667 3,271
Total fee revenue and other income 28,927 24,948 56,873 52,986
Interest Income:        
Interest and fees on loans 15,956 15,837 31,233 31,187
Interest and dividends on investment securities:        
Taxable 5,724 3,990 11,318 7,505
Exempt from federal income taxes 1,355 809 2,756 1,441
Interest on federal funds sold and other short-term investments 2,570 3,003 5,402 6,895
Total interest income 25,605 23,639 50,709 47,028
Interest Expense:        
Interest on deposits 3,916 4,164 7,744 8,280
Interest on short-term borrowings 142 0 202 0
Interest Expense, Operating 4,058 4,164 7,946 8,280
Net interest income 21,547 19,475 42,763 38,748
Provision for credit losses 531 25 592 930
Net interest income after provision for credit losses 21,016 19,450 42,171 37,818
Total net revenue 49,943 44,398 99,044 90,804
Operating Expense:        
Total personnel expenses 27,085 27,752 54,364 55,031
Occupancy 703 669 1,384 1,390
Equipment 2,776 2,562 5,208 4,856
Amortization of intangible assets 293 293 586 586
Other operating expense 7,671 6,843 15,204 13,786
Total operating expense 36,769 38,119 74,987 73,649
Income from continuing operations, before income tax expense 13,174 6,279 24,057 17,155
Income tax expense 2,599 1,119 4,743 3,445
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent 10,575 5,160 19,314 13,710
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent 12 3,695 105 4,111
Net income $ 10,587 $ 8,855 $ 19,419 $ 17,821
Income (Loss) from Continuing Operations, Per Basic Share $ 0.83 $ 0.39 $ 1.50 $ 1.03
Basic earnings per share (in dollars per share) 0.83 0.67 1.51 1.34
Income (Loss) from Continuing Operations, Per Diluted Share 0.81 0.38 1.47 1.01
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share 0 0.28 0.01 0.31
Diluted earnings per share (in dollars per share) 0.81 0.66 1.48 1.31
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share $ 0 $ 0.28 $ 0.01 $ 0.30
Salaries and commissions $ 20,241 $ 20,638 $ 39,509 $ 40,301
Share-based compensation expense 1,130 918 2,569 2,159
Profit Sharing Expense 1,959 1,583 3,593 3,085
Other benefits 3,755 4,613 8,693 9,486
Bad debt expense (1,759) 0 (1,759) (2,000)
Processing fees        
Fee Revenue and Other Income:        
Fee revenues 16,086 16,700 31,814 33,169
Financial fees        
Fee Revenue and Other Income:        
Fee revenues $ 10,951 $ 10,161 $ 21,382 $ 20,122