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
Loans, including fees        
Taxable $ 52,440 $ 49,522 $ 104,523 $ 97,347
Non-Taxable 503 579 1,019 1,180
Investment Securities        
Taxable 5,323 6,796 10,905 13,451
Non-Taxable 385 67 451 133
Federal Reserve Bank Excess Reserves 1,519 578 2,102 1,280
Interest on Bank Deposits 1,193 65 1,303 111
Dividend Income 128 140 373 252
Total Interest Income 61,491 57,747 120,676 113,754
Interest Expense        
Interest Expense on Deposits 21,402 24,059 42,957 49,082
Interest on Other Borrowings 139 1,329 1,835 2,175
Total Interest Expense 21,541 25,388 44,792 51,257
NET INTEREST INCOME 39,950 32,359 75,884 62,497
Provision (Recovery) for Credit Losses 2,010 (2,330) (31,907) (4,355)
Recovery for Unfunded Loan Commitments (554) (335) (772) (449)
Net Interest Income After Provision (Recovery) for Credit Losses 38,494 35,024 108,563 67,301
NONINTEREST INCOME        
Gain on the Insurance Transaction 35,949 0 35,949 0
Gain on the Loan Sale Transaction 0 0 65,000 0
Losses on Sales of Securities, net (12,531) 0 (12,451) 0
Service Charges, Commissions and Fees 2,491 1,765 4,619 3,639
Debit Card Interchange Fees 2,063 1,942 4,211 4,046
Insurance Commissions 164 714 1,118 1,058
Bank Owned Life Insurance Income 457 357 893 698
Other 137 130 365 2,368
Total Noninterest Income 28,730 4,908 99,704 11,809
NONINTEREST EXPENSE        
Salaries and Employee Benefits 14,051 14,082 28,966 27,739
Occupancy Expense, net 4,584 4,230 9,445 8,702
FDIC Insurance Expense (241) 1,436 1,269 2,866
Other Taxes 776 922 1,701 1,869
Advertising Expense 820 708 1,746 1,619
Telephone Expense 278 307 570 611
Professional and Legal Fees 2,053 1,921 3,599 3,151
Data Processing 2,177 1,395 4,030 2,839
Debit Card Expense 1,072 991 2,073 1,983
Other 4,416 3,312 7,599 5,967
Total Noninterest Expense 29,986 29,304 60,998 57,346
Income Before Income Taxes 37,238 10,628 147,269 21,764
Income Tax Provision 8,327 2,118 32,601 4,301
Net Income $ 28,911 $ 8,510 $ 114,668 $ 17,463
Earnings per Common Share:        
Basic Earnings per Common Share (in usd per share) $ 1.31 $ 0.37 $ 5.18 $ 0.76
Diluted Earnings per Common Share (in usd per share) $ 1.31 $ 0.37 $ 5.18 $ 0.76
Average Shares Outstanding - Basic (in shares) 21,838,645 22,805,881 21,842,497 22,839,412
Average Shares Outstanding - Diluted (in shares) 21,838,645 22,805,881 21,842,497 22,839,412