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 AND DIVIDEND INCOME:        
Interest and fees on loans $ 24,088 $ 24,442 $ 47,658 $ 47,762
Securities available-for-sale 2,297 2,397 4,512 4,848
FHLB and FRB dividends 112 236 250 496
Other interest income 114 75 413 113
Total interest and dividend income 26,611 27,150 52,833 53,219
INTEREST EXPENSE:        
Deposits 6,633 6,877 13,294 13,748
FHLB advances and other borrowings 393 1,459 805 3,085
Other long-term debt 447 669 893 1,339
Total interest expense 7,473 9,005 14,992 18,172
NET INTEREST INCOME 19,138 18,145 37,841 35,047
Provision for credit losses 343 1,038 622 1,080
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 18,795 17,107 37,219 33,967
NONINTEREST INCOME:        
Appreciation in cash surrender value of life insurance 407 393 769 743
Other noninterest income 560 425 1,609 984
Total noninterest income 5,017 4,807 9,898 8,823
NONINTEREST EXPENSE:        
Salaries and employee benefits 11,712 10,645 22,526 20,309
Occupancy and equipment expense 2,220 2,230 4,780 4,532
Data processing 1,332 1,305 2,587 2,635
Software subscriptions 610 715 1,181 1,373
Advertising 328 280 629 512
Amortization 249 298 520 618
Loan costs 388 354 753 726
Federal Deposit Insurance Corporation ("FDIC") insurance premiums 236 257 471 488
Professional and examination fees 420 391 802 911
Other noninterest expense 1,497 1,451 2,954 2,828
Total noninterest expense 18,992 17,926 37,203 34,932
INCOME BEFORE PROVISION FOR INCOME TAXES 4,820 3,988 9,914 7,858
Provision for income taxes 1,105 751 2,215 1,382
NET INCOME $ 3,715 $ 3,237 $ 7,699 $ 6,476
BASIC EARNINGS PER COMMON SHARE (in dollars per share) $ 0.47 $ 0.42 $ 0.98 $ 0.83
DILUTED EARNINGS PER COMMON SHARE (in dollars per share) $ 0.47 $ 0.41 $ 0.98 $ 0.83
Deposit Account [Member]        
NONINTEREST INCOME:        
Noninterest income revenue $ 419 $ 393 $ 827 $ 782
Bank Servicing [Member]        
NONINTEREST INCOME:        
Noninterest income revenue 2,920 2,926 5,354 5,051
Debit Card [Member]        
NONINTEREST INCOME:        
Noninterest income revenue $ 711 $ 670 $ 1,339 $ 1,263