v3.26.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
INTEREST INCOME:        
Loans $ 35,174 $ 36,740 $ 70,216 $ 73,622
Interest-earning deposits 554 1,027 1,156 2,108
Securities 332 272 657 516
Total Interest Income 36,060 38,039 72,029 76,246
INTEREST EXPENSE:        
Deposits 10,610 12,053 22,012 25,986
Borrowings 790 902 1,213 902
Financing lease 10 10 20 20
Total Interest Expense 11,410 12,965 23,245 26,908
Net Interest Income 24,650 25,074 48,784 49,338
Provision for credit loss 860   860 237
Net Interest Income after Provision for Credit Loss 23,790 25,074 47,924 49,101
NON-INTEREST INCOME:        
Other loan fees and service charges 549 611 1,218 1,351
Earnings on bank owned life insurance 185 170 364 336
Unrealized (loss) gain on equity securities (122) 51 (243) 351
Other 30 26 99 55
Total Non-Interest Income 642 858 1,438 2,093
NON-INTEREST EXPENSES:        
Salaries and employee benefits 5,817 5,650 11,989 11,583
Occupancy expense 787 743 1,661 1,489
Equipment 221 253 444 470
Outside data processing 725 758 1,521 1,494
Advertising 43 123 86 225
Real estate owned expense   247   277
Other 3,026 2,734 5,797 5,589
Total Non-Interest Expenses 10,619 10,508 21,498 21,127
INCOME BEFORE PROVISION FOR INCOME TAXES 13,813 15,424 27,864 30,067
PROVISION FOR INCOME TAXES 4,018 4,254 8,117 8,330
NET INCOME $ 9,795 $ 11,170 $ 19,747 $ 21,737
EARNINGS PER COMMON SHARE - BASIC (in $ per share) $ 0.75 $ 0.85 $ 1.5 $ 1.65
EARNINGS PER COMMON SHARE - DILUTED (in $ per share) $ 0.72 $ 0.82 $ 1.46 $ 1.6
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC (in shares) 13,135 13,216 13,155 13,204
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - DILUTED (in shares) 13,538 13,568 13,533 13,563