v3.26.1
Consolidated Statements of Operations (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 $ 21,744 $ 20,409 $ 42,457 $ 40,380
Interest and dividends on securities available for sale:        
Taxable interest income 1,188 1,142 2,418 1,837
Interest income exempt from federal income taxes 0 0 0 3
Dividends 67 117 143 267
Interest on deposits in banks 1,200 3,060 2,898 5,704
Interest on federal funds sold 176 87 285 126
Total interest and dividend income 24,375 24,815 48,201 48,317
Interest Expense        
Interest on deposits 7,050 8,263 14,275 16,767
Interest on Federal Home Loan Bank advances 0 499 344 1,807
Interest on subordinated debt 355 355 709 709
Total interest expense 7,405 9,117 15,328 19,283
Net Interest Income 16,970 15,698 32,873 29,034
Provision for credit losses 3,503 668 5,464 1,901
Net interest income after provision for credit losses 13,467 15,030 27,409 27,133
Noninterest Income        
Wealth management fees 2,197 1,650 3,979 3,331
Service charges on deposit accounts 563 517 1,119 1,009
Other service charges and fees 1,028 1,060 1,949 2,032
(Loss) on the sale of bank premises and equipment (4) 0 (4) (16)
(Loss) on the sale of securities 0 0 0 (12,425)
Gain on sale of loans 646 [1] 1,104 [1] 1,658 [2] 1,533 [2]
Gain on sale of other assets 3,486 [1] 0 [1] 3,486 [2] 0 [2]
Small Business Investment Company Income 110 [1] 133 [1] 376 [2] 153 [2]
Bank owned life insurance income 289 278 573 551
Other operating income 275 175 382 195
Total noninterest income (loss) 8,590 [1] 4,917 [1] 13,518 [2] (3,637) [2]
Noninterest Expenses        
Salaries and employee benefits 9,212 7,845 17,441 15,024
Occupancy expenses 613 598 1,279 1,260
Equipment expenses 451 401 913 824
Advertising and marketing expenses 295 152 486 335
Stationery and supplies 30 35 76 77
ATM network fees 326 332 653 694
Other real estate owned expense (gain), net 0 0 (5) 0
Gain on sale of other assets 0 0 39 133
FDIC assessment 169 254 396 576
Computer software expense 422 325 776 607
Bank franchise tax 530 381 1,011 748
Professional fees 551 641 1,155 1,204
Data processing fees 591 633 1,077 1,183
Loan servicing expense 260 262 529 499
Other operating expenses 2,081 1,540 3,917 2,824
Total noninterest expenses 15,531 13,399 29,743 25,988
Income (loss) before income taxes 6,526 6,548 11,184 (2,492)
Income Tax Expense (Benefit) 1,545 1,278 2,463 (788)
Net Income (Loss) $ 4,981 $ 5,270 $ 8,721 $ (1,704)
Earnings (Loss) Per Share        
Net income (loss) per common share, basic $ 0.92 $ 0.98 $ 1.61 $ (0.34)
Net income (loss) per common share, diluted $ 0.92 $ 0.98 $ 1.61 $ (0.34)
[1] As reported in the Unaudited Consolidated Statements of Operations.
[2] As reported in the Unaudited Consolidated Statements of Operations.