v3.26.1
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Loans, including fees        
Loans held for investment $ 25,974 $ 23,813 $ 51,099 $ 46,120
Loans held for sale 3,162 3,296 6,077 6,115
Investments        
Taxable 3,624 3,666 6,983 7,269
Non-taxable 125 94 251 188
Non-marketable equity securities 143 114 269 218
Federal funds sold 409 699 1,201 1,661
Other earning assets from banks 121 111 246 246
Total interest income 33,558 31,793 66,126 61,817
Interest expense        
Interest-bearing deposits 12,545 13,251 25,137 26,081
Other borrowings 348 464 580 899
Total interest expense 12,893 13,715 25,717 26,980
Net interest income 20,665 18,078 40,409 34,837
Provision for credit losses 658 752 1,040 1,381
Net interest income after provision for credit losses 20,007 17,326 39,369 33,456
Noninterest income        
Bank-owned life insurance 466 449 922 889
Income from mortgage originations 403 326 797 547
Gain on sale of government guaranteed loans 307 265 644 265
Noninterest income 509 487 1,028 984
Other noninterest income 534 283 809 1,026
Total noninterest income 2,202 1,795 4,169 3,676
Noninterest expense        
Salaries and employee benefits 8,314 6,997 16,360 13,691
Occupancy and equipment 875 814 1,761 1,602
Software and other technology expense 861 719 1,687 1,422
Other professional services 632 973 1,227 1,666
Data processing 682 652 1,337 1,277
Regulatory assessment 308 344 679 705
Other noninterest expense 1,702 1,593 3,367 3,148
Total noninterest expense 13,374 12,092 26,418 23,511
Income before taxes 8,835 7,029 17,120 13,621
Income tax provision 1,502 1,064 3,458 2,606
Net income (loss) $ 7,333 $ 5,965 $ 13,662 $ 11,015
Net income per common share:        
Basic $ 0.61 $ 0.58 $ 1.14 $ 1.07
Diluted $ 0.59 $ 0.57 $ 1.1 $ 1.04
Interchange Income and Card Fees        
Noninterest income        
Noninterest income $ 256 $ 257 $ 529 $ 523
Service Charges on Deposit Accounts        
Noninterest income        
Noninterest income $ 236 $ 215 $ 468 $ 426