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        
Interest and fees on loans $ 27,224 $ 25,220 $ 53,811 $ 50,027
Interest on investment securities, taxable 1,268 1,071 2,434 2,102
Interest on investment securities, tax-exempt 9 9 18 18
Dividends 119 121 234 244
Interest on deposits in banks 1,129 1,422 2,335 2,756
Total interest and dividend income 29,749 27,843 58,832 55,147
Interest Expense        
Deposits 11,517 12,001 23,190 24,300
Federal funds purchased 4 2 4 2
Federal Home Loan Bank advances 545 565 1,097 1,124
Subordinated debt 349 349 698 698
Total interest expense 12,415 12,917 24,989 26,124
Net Interest Income 17,334 14,926 33,843 29,023
Provision for credit losses 258 537 281 707
Net interest income after provision for credit losses 17,076 14,389 33,562 28,316
Non-interest Income        
Service charges on deposit accounts 86 86 171 168
Other service charges and fees 184 141 322 294
Gain on sale of other assets 835   835  
Insurance commissions 29 33 93 246
Gain on sale of government guaranteed loans   61 6 97
Non-qualified deferred compensation plan asset gains, net 262 182 249 206
Other income 47 4 52 1
Total non-interest income 1,443 507 1,728 1,012
Non-interest Expenses        
Salaries and employee benefits 6,157 5,178 11,777 10,277
Occupancy expense of premises 396 407 802 814
Furniture and equipment expenses 347 315 693 631
Other operating expenses 2,590 2,413 5,141 4,839
Total non-interest expenses 9,490 8,313 18,413 16,561
Income before income taxes 9,029 6,583 16,877 12,767
Income Tax Expense 2,010 1,480 3,756 2,854
Net income $ 7,019 $ 5,103 $ 13,121 $ 9,913
Earnings per share, basic (in dollars per share) $ 0.5 $ 0.36 $ 0.93 $ 0.69
Earnings per share, diluted (in dollars per share) $ 0.5 $ 0.36 $ 0.93 $ 0.69