v3.26.1
Unaudited 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 fees on loans $ 30,738 $ 32,443 $ 60,256 $ 63,554
Interest and dividends on investment securities        
U.S. government agencies 22 34 44 71
Mortgage-backed securities 82 94 166 180
Other 264 239 520 472
Interest on interest-bearing deposits at other financial institutions 10 10 20 32
Interest on federal funds sold 630 1,135 1,615 2,282
Total Interest Income 32,090 34,286 63,308 67,249
Interest Expense        
Interest on interest-bearing demand deposits 862 1,004 1,752 2,052
Interest on savings and NOW deposits 421 391 810 612
Interest on money market deposits 4,487 4,707 8,478 9,983
Interest on time deposits 7,158 8,595 14,808 17,626
Interest on federal funds purchased 84 0 109 65
Interest on subordinated debt 846 799 1,625 1,611
Total Interest Expense 13,858 15,496 27,582 31,949
Net Interest Income 18,232 18,790 35,726 35,300
Provision For Credit Losses - Loans 243 (528) 243 (528)
Provision for off-balance sheet credit losses, net 342 (15) 211 (15)
Net Interest Income After Provision For Credit Losses 17,647 19,333 35,272 35,843
Non-Interest Income        
Deposit account service charges 552 538 1,125 1,068
Bank owned life insurance income 325 308 644 610
Gain on retirement of subordinated debt 0 68 0 128
Loss on sale of other real estate owned 0 0 (685) 0
Gain on equity securities 0 103 0 103
Other non-interest income 17 49 217 96
Total Non-Interest Income 894 1,066 1,301 2,005
Non-Interest Expense        
Salaries and employee benefits 7,505 8,279 15,056 16,664
Furniture and equipment expenses 768 1,141 1,526 2,157
Advertising and marketing 379 530 675 1,011
Occupancy expenses 252 318 617 714
Outside services 445 1,290 905 2,463
Franchise tax 551 524 1,102 1,049
FDIC insurance 480 850 870 1,210
Data processing 343 357 710 719
Administrative expenses 207 270 448 499
Other real estate owned expenses 24 0 244 0
Other operating expenses 1,562 1,186 3,037 2,573
Total Non-Interest Expense 12,516 14,745 25,190 29,059
Income Before Income Taxes 6,025 5,654 11,383 8,789
Income Tax Expense 1,357 1,064 2,615 1,746
Net Income 4,668 4,590 8,768 7,043
Preferred Stock Dividends 539 539 1,078 1,078
Net Income Available to Common Shareholders $ 4,129 $ 4,051 $ 7,690 $ 5,965
Earnings per common share:        
Basic (in dollars per share) $ 0.58 $ 0.53 $ 1.05 $ 0.78
Diluted (in dollars per share) $ 0.58 $ 0.53 $ 1.05 $ 0.78
US States and Political Subdivisions Debt Securities [Member]        
Interest and dividends on investment securities        
Tax-exempt securities $ 289 $ 267 $ 576 $ 530
Taxable securities $ 55 $ 64 $ 111 $ 128