v3.26.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest income:        
Loans and other finance receivables, including fees $ 38,318 $ 38,697 $ 76,462 $ 75,246
Securities - taxable 1,830 1,792 3,677 3,485
Securities - tax-exempt 321 295 644 608
Cash and cash equivalents 311 427 709 1,040
Total interest income 40,780 41,211 81,492 80,379
Interest expense:        
Deposits 15,749 17,301 30,972 34,169
Borrowings and subordinated debentures 2,240 2,751 4,527 5,275
Total interest expense 17,989 20,052 35,499 39,444
Net interest income 22,791 21,159 45,993 40,935
Provision for credit losses 2,968 3,803 10,461 9,015
Net interest income after provision for credit losses 19,823 17,356 35,532 31,920
Non-interest income:        
Mortgage banking income 6,095 5,762 10,623 9,155
Wealth management income $ 1,706 $ 1,492 $ 3,435 $ 3,027
Type of revenue, extensible list Wealth management income Wealth management income Wealth management income Wealth management income
SBA loan income $ 615 $ 1,988 $ 765 $ 2,736
Earnings on investment in life insurance 245 240 517 462
Net gain (loss) on sale of MSRs 0 467 (159) 415
Net change in the fair value of derivative instruments (104) (102) (155) 47
Net change in the fair value of loans held-for-sale 187 171 (193) 273
Net change in the fair value of loans held-for-investment 65 190 26 360
Net gain on hedging activity 51 16 69 37
Other 1,023 1,064 1,992 2,100
Total non-interest income 9,883 11,288 16,920 18,612
Non-interest expense:        
Salaries and employee benefits 13,193 13,179 25,579 24,564
Occupancy and equipment 1,172 1,037 2,355 2,375
Professional fees 1,164 1,164 2,138 1,927
Data processing and software 2,018 1,706 3,991 3,185
Advertising and promotion 1,317 1,277 2,009 2,056
Pennsylvania bank shares tax 246 269 504 538
Other 3,117 2,725 5,809 5,455
Total non-interest expense 22,227 21,357 42,385 40,100
Income before income taxes 7,479 7,287 10,067 10,432
Income tax expense 1,672 1,695 2,254 2,441
Net income $ 5,807 $ 5,592 $ 7,813 $ 7,991
Basic earnings per common share (in dollars per share) $ 0.49 $ 0.50 $ 0.66 $ 0.71
Diluted earnings per common share (in dollars per share) $ 0.48 $ 0.49 $ 0.64 $ 0.70
Basic weighted average shares outstanding (in shares) 11,859 11,228 11,835 11,215
Diluted weighted average shares outstanding (in shares) 12,174 11,392 12,163 11,415