v3.26.1
Condensed Consolidated Statements of Earnings (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest income:        
Loans $ 20,386 $ 14,026 $ 38,501 $ 27,627
Debt securities 204 158 396 318
Other 1,134 1,404 2,282 2,650
Total interest income 21,724 15,588 41,179 30,595
Interest expense:        
Deposits 6,633 5,322 12,808 10,600
Borrowings 394 24 481 327
Total interest expense 7,027 5,346 13,289 10,927
Net interest income 14,697 10,242 27,890 19,668
Credit loss (reversal) expense (37) 1,040 733 875
Net interest income after credit loss expense 14,734 9,202 27,157 18,793
Noninterest income:        
Service charges and fees 1,551 1,099 2,863 2,137
Other 935 735 1,406 928
Total noninterest income 2,486 1,834 4,269 3,065
Noninterest expenses:        
Salaries and employee benefits 5,279 3,738 10,268 7,119
Professional fees 363 275 658 522
Occupancy and equipment 354 294 693 576
Data processing 986 625 1,900 1,158
Regulatory assessment 196 202 375 400
Other 1,204 1,047 2,496 2,032
Total noninterest expenses 8,382 6,181 16,390 11,807
Income before income taxes 8,838 4,855 15,036 10,051
Income taxes 2,183 1,253 3,718 2,579
Net income $ 6,655 $ 3,602 $ 11,318 $ 7,472
Earnings per share - Basic $ 0.40 $ 0.31 $ 0.79 $ 0.64
Earnings per share - Diluted [1] $ 0.28 $ 0.15 $ 0.48 $ 0.32
[1] Earnings per share amounts for all periods presented have been restated to reflect the impact of the amendment to the rights of the Series B Preferred shares, as described in Note 12. This amendment resulted in a change in the calculation of diluted earnings per share, applied retrospectively to ensure comparability.