v3.26.1
Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest income        
Interest and fees on loans (includes YTD tax-exempt income of $1,237,000 for June 30, 2026 and $1,388,000 for June 30, 2025) $ 35,354 $ 35,014 $ 70,079 $ 68,938
Interest on deposits with other banks 38 51 68 107
Interest and dividends on investments (includes YTD tax-exempt income of $3,793,000 for June 30, 2026 and $3,913,000 for June 30, 2025) 4,447 4,760 8,831 9,489
     Total interest income 39,839 39,825 78,978 78,534
Interest expense        
Interest on deposits 16,884 19,725 33,586 38,994
Interest on borrowed funds 1,793 1,691 3,541 3,332
     Total interest expense 18,677 21,416 37,127 42,326
Net interest income 21,162 18,409 41,851 36,208
Credit loss expense - loans 919 348 1,569 744
Credit loss (reduction) expense - debt securities HTM (1) 1 (2) 2
Credit loss (reduction) expense - off-balance sheet credit exposures 17 137 (12) 132
Total credit loss expense 935 486 1,555 878
Net interest income after provision for credit losses 20,227 17,923 40,296 35,330
Non-interest income        
Net gain on sale or call of securities 0 0 12 0
Other operating income 958 747 1,975 1,536
     Total non-interest income 4,661 4,129 9,112 8,131
Non-interest expense        
Salaries and employee benefits 7,120 6,276 14,450 13,126
Occupancy expense 836 876 1,792 1,753
Furniture and equipment expense 1,454 1,438 2,997 2,900
FDIC insurance premiums 604 701 1,174 1,395
Amortization of identified intangibles 6 6 13 13
Other operating expense 3,357 2,902 6,567 5,856
     Total non-interest expense 13,377 12,199 26,993 25,043
Income before income taxes 11,511 9,853 22,415 18,418
Income tax expense 1,951 1,790 3,862 3,278
NET INCOME $ 9,560 $ 8,063 $ 18,553 $ 15,140
Basic earnings per common share (usd per share) $ 0.86 $ 0.73 $ 1.67 $ 1.37
Diluted earnings per common share (usd per share) $ 0.85 $ 0.72 $ 1.65 $ 1.35
Other comprehensive income (loss) net of tax        
Net unrealized (loss) gain on securities available for sale, net of taxes $ 346 $ 1,465 $ (1,103) $ 5,434
Net unrealized gain (loss) on transferred securities, net of taxes 3 (15) 6 (13)
Net unrealized (loss) gain on hedging derivative instruments 0 2 0 (73)
Other comprehensive (loss) gain 349 1,452 (1,097) 5,348
Comprehensive income 9,909 9,515 17,456 20,488
Investment management and fiduciary income        
Non-interest income        
Non-interest income 1,548 1,336 3,034 2,653
Service charges on deposit accounts        
Non-interest income        
Non-interest income 585 539 1,145 1,070
Mortgage origination and servicing income, net of amortization        
Non-interest income        
Non-interest income 195 221 371 416
Debit card income        
Non-interest income        
Non-interest income $ 1,375 $ 1,286 $ 2,575 $ 2,456