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 INCOME        
Loans $ 65,686 $ 73,830 $ 130,346 $ 146,901
Investment securities and other 6,775 7,145 13,280 14,317
TOTAL INTEREST INCOME 72,461 80,975 143,626 161,218
INTEREST EXPENSE        
Deposits 17,861 24,368 36,198 48,968
Securities sold under reverse repurchase agreements 133 372 229 743
Short-term borrowings, overnight FHLBank borrowings and other interest-bearing liabilities 4,620 3,974 8,682 8,424
Subordinated debentures issued to capital trust 354 389 696 771
Subordinated notes   909   2,015
TOTAL INTEREST EXPENSE 22,968 30,012 45,805 60,921
NET INTEREST INCOME 49,493 50,963 97,821 100,297
PROVISION (CREDIT) FOR LOSSES ON UNFUNDED COMMITMENTS 8 (110) (923) (458)
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES ON LOANS AND PROVISION (CREDIT) FOR LOSSES ON UNFUNDED COMMITMENTS 49,485 51,073 98,744 100,755
NON-INTEREST INCOME        
Commissions 641 411 1,256 673
Overdraft and insufficient funds fees 1,248 1,266 2,479 2,481
Point-Of-Sale and ATM fee income and service charges 3,392 3,444 6,493 6,678
Net gains on loan sales 795 893 1,514 1,494
Late charges and fees on loans 305 340 441 583
Gain (Loss) on derivative interest rate products 5 (28) 3 (52)
Other income 989 1,886 2,218 2,945
TOTAL NON-INTEREST INCOME 7,375 8,212 14,404 14,802
NON-INTEREST EXPENSE        
Salaries and employee benefits 20,691 20,005 40,762 40,134
Net occupancy and equipment expense 10,683 8,435 19,547 16,968
Postage 889 825 1,814 1,756
Insurance 1,099 1,095 2,171 2,260
Advertising 836 705 1,208 995
Office supplies and printing 197 238 419 504
Telephone 705 705 1,390 1,411
Legal, audit and other professional fees 967 929 1,657 1,967
Expense (income) on other real estate and repossessions, net (85) (168) (31) (238)
Intangible asset amortization 108 108 216 216
Other operating expenses 2,132 2,128 3,861 3,854
TOTAL NON-INTEREST EXPENSE 38,222 35,005 73,014 69,827
INCOME BEFORE INCOME TAXES 18,638 24,280 40,134 45,730
PROVISION FOR INCOME TAXES 2,843 4,494 6,863 8,784
NET INCOME $ 15,795 $ 19,786 $ 33,271 $ 36,946
Earnings Per Common Share        
Basic Earnings Per Common Share (in dollars per share) $ 1.45 $ 1.73 $ 3.04 $ 3.2
Diluted Earnings Per Common Share (in dollars per share) 1.43 1.72 2.99 3.18
Dividends Declared Per Common Share (in dollars per share) $ 0.43 $ 0.4 $ 0.86 $ 0.8