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
Interest and dividend income        
Loans $ 57,507 $ 60,440 $ 115,232 $ 119,053
Debt securities available for sale 1,667 1,658 3,271 3,445
Other investments and interest-bearing deposits 1,999 1,543 4,167 4,778
Total interest and dividend income 61,173 63,641 122,670 127,276
Interest expense        
Deposits 15,578 18,856 32,428 39,219
Junior subordinated debt 151 206 339 411
Borrowings 150 350 304 510
Total interest expense 15,879 19,412 33,071 40,140
Net interest income 45,294 44,229 89,599 87,136
Provision for credit losses 920 1,303 1,290 2,843
Net interest income after provision for credit losses 44,374 42,926 88,309 84,293
Noninterest income        
Service charges and fees on deposit accounts 2,627 2,502 5,041 4,746
Loan income and fees 501 548 1,193 1,269
Gain on sale of loans held for sale 1,874 2,109 4,528 4,017
BOLI income 893 852 1,785 1,694
Operating lease income 1,407 1,876 3,299 3,255
Gain on sale of branches 0 1,448 0 1,448
Gain on sale of premises and equipment 1,101 28 1,478 28
Other 844 794 1,954 1,727
Total noninterest income 9,247 10,157 19,278 18,184
Noninterest expense        
Salaries and employee benefits 20,169 18,208 40,046 35,907
Occupancy expense, net 2,417 2,375 5,047 4,886
Computer services 3,027 2,488 5,904 5,293
Operating lease depreciation expense 1,378 1,789 2,894 3,657
Telephone, postage and supplies 509 561 1,090 1,107
Marketing and advertising 584 442 1,001 894
Deposit insurance premiums 481 473 965 984
Core deposit intangible amortization 302 411 676 926
Loss on redemption of junior subordinated debt securities 1,079 0 1,079 0
Other 4,033 4,508 8,252 8,562
Total noninterest expense 33,979 31,255 66,954 62,216
Income before income taxes 19,642 21,828 40,633 40,261
Income tax expense 4,012 4,618 8,231 8,512
Net income $ 15,630 $ 17,210 $ 32,402 $ 31,749
Net income per common share        
Basic (in dollars per share) $ 0.95 $ 1.01 $ 1.95 $ 1.85
Diluted (in dollars per share) $ 0.94 $ 1.00 $ 1.93 $ 1.84
Average shares outstanding        
Basic (in shares) 16,311,782 17,006,141 16,446,295 17,008,699
Diluted (in shares) 16,423,442 17,106,448 16,569,902 17,109,842