v3.26.1
CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - 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 $ 16,834 $ 16,563 $ 33,208 $ 32,610
Interest on debt securities:        
Taxable 2,305 1,314 4,694 2,726
Tax exempt 387 389 774 777
Dividends 209 199 430 402
Interest on federal funds sold and overnight deposits 246 178 320 330
Interest on interest bearing deposits in banks 76 78 161 171
Total interest and dividend income 20,057 18,721 39,587 37,016
Interest expense        
Interest on deposits 5,164 5,607 10,365 11,017
Interest on borrowed funds 3,131 2,526 6,022 4,998
Interest on subordinated notes 142 142 285 285
Total interest expense 8,437 8,275 16,672 16,300
    Net interest income 11,620 10,446 22,915 20,716
Credit loss expense (benefit) 175 221 (150) 456
    Net interest income after credit loss expense (benefit) 11,445 10,225 23,065 20,260
Noninterest income        
Wealth management income 329 295 633 571
Service fees 1,720 1,715 3,406 3,372
Net gains on sales of loans held for sale 490 480 840 869
Net gains on other investments 151 119 125 84
Other income 553 150 733 303
Total noninterest income 3,243 2,759 5,737 5,199
Noninterest expenses        
Salaries and wages 4,916 4,085 9,313 7,996
Employee benefits 1,897 1,971 3,662 3,552
Occupancy expense, net 547 547 1,194 1,199
Equipment expense 1,135 1,100 2,245 2,149
Other expenses 2,968 2,784 5,831 5,415
Total noninterest expenses 11,463 10,487 22,245 20,311
        Income before provision for income taxes 3,225 2,497 6,557 5,148
Provision for income taxes 301 102 629 252
        Net income $ 2,924 $ 2,395 $ 5,928 $ 4,896
Basic earnings per common share (in usd per share) $ 0.61 $ 0.53 $ 1.26 $ 1.08
Diluted earnings per common share (in usd per share) $ 0.60 $ 0.52 $ 1.25 $ 1.07
Weighted average number of common shares outstanding (in shares) 4,787,472 4,544,460 4,701,076 4,541,427
Weighted average common and potential common shares for diluted EPS (in shares) 4,832,616 4,580,028 4,740,389 4,573,535
Dividends per common share (in usd per share) $ 0.36 $ 0.36 $ 0.72 $ 0.72