v3.26.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest income:        
Loans, including fees $ 34,899 $ 31,946 $ 67,688 $ 62,191
Investment securities 3,858 3,432 7,269 6,456
Interest-bearing deposits in financial institutions 823 776 1,655 1,485
Total interest income 39,580 36,154 76,612 70,132
Interest expense:        
Interest-bearing demand deposits 311 285 621 623
Savings and money market deposits 8,478 9,410 16,611 18,745
Time deposits 4,628 4,343 9,328 8,261
Federal Home Loan Bank advances 976 1,082 2,016 2,354
Subordinated notes 800 0 1,601 0
Total interest expense 15,193 15,120 30,177 29,983
Net interest income before provision for credit losses 24,387 21,034 46,435 40,149
Provision for credit losses 1,267 1,031 2,068 1,712
Net interest income after provision for credit losses 23,120 20,003 44,367 38,437
Non-interest income:        
Service fees 2,601 2,402 5,701 4,733
Gain on sale of securities available for sale, net 0 0 14 0
Gain on sale of loans held for sale, net 0 151 106 676
Other non-interest income 959 817 1,889 1,677
Total non-interest income 3,560 3,370 7,710 7,086
Non-interest expense:        
Salaries and employee benefits 8,537 7,954 17,107 15,590
Occupancy 1,369 1,337 2,685 2,621
Regulatory assessments and fees 397 396 881 817
Consulting and legal fees 583 263 1,144 456
Network and information technology services 524 564 1,084 1,069
Other operating expense 2,556 2,120 4,776 4,133
Total non-interest expense 13,966 12,634 27,677 24,686
Income before income tax expense 12,714 10,739 24,400 20,837
Income tax expense 3,636 2,599 5,971 5,039
Net income $ 9,078 $ 8,140 $ 18,429 $ 15,798
Per share information:        
Earnings per share, basic $ 0.49 $ 0.41 $ 1.01 $ 0.79
Earnings per share, diluted 0.49 0.40 1.00 0.78
Cash dividends declared $ 0.125 $ 0.10 $ 0.250 $ 0.20