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
Interest income:        
Loans held for investment $ 36,417 $ 28,762 $ 70,715 $ 55,572
Securities, includes restricted stock 3,046 3,127 6,224 6,169
Interest earning cash and other 1,838 1,647 3,395 3,308
Total interest income 41,301 33,536 80,334 65,049
Interest expense:        
Savings, NOW and money market deposits 5,502 4,225 10,459 8,009
Time deposits 50 56 117 175
Borrowings 1 1 6 2
Total interest expense 5,553 4,282 10,582 8,186
Net interest income 35,748 29,254 69,752 56,863
Provision for credit losses 2,900 3,525 5,600 5,025
Net interest income after provision for credit losses 32,848 25,729 64,152 51,838
Noninterest income:        
Payment processing fees 5,126 5,107 10,269 10,019
Administrative service income 1,092 643 2,229 1,523
Customer related fees, service charges and other 165 827 340 1,186
Total noninterest income 6,383 6,577 12,838 12,728
Noninterest expense:        
Employee compensation and benefits 12,605 10,216 24,826 20,281
Occupancy and equipment 1,344 1,168 2,600 2,300
Professional and consulting services 1,038 1,291 2,011 2,555
FDIC and regulatory assessments 327 293 630 563
Advertising and marketing 1,004 811 2,002 1,662
Travel and business relations 271 303 577 609
Data processing 2,403 2,060 4,772 3,980
Merger expenses 1,070   2,342  
Other operating expenses 1,043 920 2,002 1,860
Total noninterest expense 21,105 17,062 41,762 33,810
Net income before income taxes 18,126 15,244 35,228 30,756
Income tax expense 5,148 3,354 10,039 7,459
Net income $ 12,978 $ 11,890 $ 25,189 $ 23,297
Earnings per share        
Basic $ 1.57 $ 1.48 $ 3.05 $ 2.91
Diluted $ 1.49 $ 1.38 $ 2.89 $ 2.7