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 and fees on loans $ 36,956 $ 32,756 $ 72,847 $ 64,232
Interest and dividends on investments 237 232 459 520
Interest on deposits with banks 1,257 2,036 2,084 4,118
Total interest income 38,450 35,024 75,390 68,870
Interest expense:        
Interest on deposits 13,736 15,144 27,164 30,312
Interest on borrowings 1,705 2,009 3,085 4,080
Total interest expense 15,441 17,153 30,249 34,392
Net interest income 23,009 17,871 45,141 34,478
Provision for credit losses 676 984 878 1,574
Net interest income after provision for credit losses 22,333 16,887 44,263 32,904
Non-interest income        
Service fees on deposit accounts 278 312 566 620
Other loan fees 168 145 329 322
Bank owned life insurance income 250 169 470 334
Other 181 190 366 361
Total non-interest income 877 816 1,731 1,637
Non-interest expense        
Compensation and benefits 3,560 3,264 7,264 6,555
Professional services 680 652 1,278 1,366
Occupancy and equipment 730 676 1,491 1,364
Data processing 272 425 588 845
FDIC insurance and other assessments 369 384 742 734
OREO expense 51 100 131 227
Other operating expense 1,259 1,179 2,642 2,127
Total non-interest expense 6,921 6,680 14,136 13,218
Income before income tax expense 16,289 11,023 31,858 21,323
Income tax expense 4,048 2,740 7,773 5,262
Net income attributable to the Company 12,241 8,283 24,085 16,061
Less: Preferred stock dividend (5) (5) (10) (10)
Net income available to common shareholders $ 12,236 $ 8,278 $ 24,075 $ 16,051
Earnings per common share        
Basic (in dollars per share) $ 1.04 $ 0.7 $ 2.05 $ 1.36
Diluted (in dollars per share) $ 1.03 $ 0.69 $ 2.02 $ 1.34
Weighted average common shares outstanding        
Basic (in shares) 11,725,654 11,843,328 11,716,114 11,839,856
Diluted (in shares) 11,922,397 12,008,224 11,913,086 12,007,594