v3.26.1
Consolidated Statements of Income (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Mar. 31, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Loans $ 50,663,000 $ 49,938,000 $ 47,687,000 $ 100,601,000 $ 93,308,000
Interest-earning deposits 1,708,000 1,883,000 1,750,000 3,591,000 3,764,000
Investment securities 4,259,000 3,969,000 4,213,000 8,228,000 8,349,000
FHLB stock 222,000 760,000 324,000 982,000 654,000
Federal funds sold and other 307,000 253,000 231,000 560,000 466,000
Total interest and dividend income 57,159,000 56,803,000 54,205,000 113,962,000 106,541,000
Interest expense:          
Savings deposits, NOW and money market accounts 9,197,000 7,347,000 4,567,000 16,544,000 9,035,000
Time deposits 14,397,000 16,221,000 19,250,000 30,618,000 38,334,000
Long-term debt and subordinated debentures 2,428,000 1,599,000 1,634,000 4,027,000 3,266,000
FHLB advances 1,051,000 1,133,000 1,420,000 2,184,000 2,409,000
Total interest expense 27,073,000 26,300,000 26,871,000 53,373,000 53,044,000
Net interest income before (reversal of)/provision for credit losses 30,086,000 30,503,000 27,334,000 60,589,000 53,497,000
(Reversal of)/provision for credit losses 0 (200,000) 2,387,000 (200,000) 9,133,000
Net interest income after (reversal of)/provision for credit losses 30,086,000 30,703,000 24,947,000 60,789,000 44,364,000
Noninterest income:          
Service charges and fees 1,104,000 1,032,000 1,060,000 2,136,000 2,077,000
Loan servicing income, net of amortization 533,000 504,000 541,000 1,037,000 1,129,000
Increase in cash surrender value of BOLI 438,000 431,000 411,000 869,000 814,000
Gain on sale of loans 964,000 324,000 358,000 1,288,000 439,000
(Loss)/gain on other real estate owned (221,000) 890,000 0 669,000 0
Other income 200,000 1,070,000 6,108,000 1,270,000 6,314,000
Total noninterest income 3,018,000 4,251,000 8,478,000 7,269,000 10,773,000
Noninterest expense:          
Salaries and employee benefits 11,045,000 11,261,000 11,080,000 22,306,000 21,723,000
Occupancy and equipment expenses 2,449,000 2,511,000 2,377,000 4,960,000 4,784,000
Data processing 1,690,000 1,708,000 1,713,000 3,398,000 3,315,000
Legal and professional 1,311,000 1,503,000 2,904,000 2,814,000 4,419,000
Office expenses 377,000 359,000 405,000 736,000 813,000
Marketing and business promotion 178,000 215,000 212,000 393,000 409,000
Insurance and regulatory assessments 746,000 749,000 709,000 1,495,000 1,439,000
Core deposit intangible amortization 127,000 134,000 172,000 261,000 344,000
Other expenses 1,099,000 818,000 921,000 1,917,000 1,769,000
Total noninterest expense 19,022,000 19,258,000 20,493,000 38,280,000 39,015,000
Net income before income taxes 14,082,000 15,696,000 12,932,000 29,778,000 16,122,000
Income tax expense 3,942,000 4,396,000 3,599,000 8,338,000 4,499,000
Net income $ 10,140,000 $ 11,300,000 $ 9,333,000 $ 21,440,000 $ 11,623,000
Net income per share          
Basic (in dollars per share) $ 0.6 $ 0.66 $ 0.53 $ 1.26 $ 0.66
Diluted (in dollars per share) $ 0.59 $ 0.66 $ 0.52 $ 1.25 $ 0.65
Weighted-average common shares outstanding          
Basic (in shares) 17,011,624 17,063,757 17,746,607 17,037,546 17,737,212
Diluted (in shares) 17,141,742 17,174,526 17,797,735 17,158,043 17,784,237