v3.26.1
Consolidated Statements of Operations (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 $ 19,322 $ 20,105 $ 38,091 $ 38,707
Interest on cash and investments 2,712 2,397 5,459 4,898
Total interest and dividend income 22,034 22,502 43,550 43,605
Interest expense:        
Interest on deposits 7,819 8,287 15,610 16,884
Interest on FHLB and FRB borrowed funds 1 1 1 12
Interest on other borrowed funds 710 903 1,425 1,804
Total interest expense 8,530 9,191 17,036 18,700
Net interest income before provision for credit losses 13,504 13,311 26,514 24,905
Provision for credit losses 4,325 1,350 5,075 1,100
Net interest income after provision for credit losses 9,179 11,961 21,439 23,805
Non-interest income:        
Service charges on deposit accounts 460 432 920 855
Interchange income 556 564 1,057 1,082
Loan servicing income 593 565 1,254 1,124
Gain on sale of loans 442 699 1,463 1,419
Loan fees and service charges 129 237 267 357
Net gains on equity securities 160 99 101 109
Other 267 240 644 483
Total non-interest income 2,607 2,836 5,706 5,429
Non-interest expense:        
Compensation and related benefits 5,712 6,008 11,778 11,605
Occupancy 1,240 1,196 2,518 2,483
Data processing 1,302 1,753 2,719 3,472
Amortization of intangible assets 113 179 226 358
Mortgage servicing rights expense, net 173 148 334 288
Advertising, marketing and public relations 207 194 433 361
FDIC premium assessment 200 191 431 389
Professional services 514 432 1,119 940
(Gains) losses on repossessed assets, net (12) 0 (12) 4
Other 1,100 649 1,730 1,313
Total non-interest expense 10,549 10,750 21,276 21,213
Income before provision for income taxes 1,237 4,047 5,869 8,021
Provision for income taxes 135 777 1,012 1,554
Net income attributable to common stockholders $ 1,102 $ 3,270 $ 4,857 $ 6,467
Per share information:        
Basic earnings (USD per share) $ 0.11 $ 0.33 $ 0.50 $ 0.65
Diluted earnings (USD per share) 0.11 0.33 0.50 0.65
Cash dividends paid (USD per share) $ 0.105 $ 0 $ 0.21 $ 0.36