CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| Interest and dividend income: | ||||
| Loans | $ 27,820 | $ 22,332 | $ 52,231 | $ 43,502 |
| Securities | 2,976 | 3,942 | 5,984 | 7,723 |
| Interest-earning deposits with banks and other | 1,076 | 732 | 2,028 | 1,629 |
| Total interest and dividend income | 31,872 | 27,006 | 60,243 | 52,854 |
| Interest expense: | ||||
| Deposits | 8,604 | 6,844 | 15,956 | 13,262 |
| Borrowings and other | 415 | 554 | 688 | 901 |
| Total interest expense | 9,019 | 7,398 | 16,644 | 14,163 |
| Net interest income | 22,853 | 19,608 | 43,599 | 38,691 |
| Provision for credit losses | 1,350 | 1,550 | 2,130 | 2,350 |
| Net interest income after provision for credit losses | 21,503 | 18,058 | 41,469 | 36,341 |
| Noninterest income: | ||||
| Bank fees and service charges | 1,841 | 1,609 | 3,306 | 2,973 |
| Insurance and wealth management services | 2,803 | 2,513 | 5,274 | 4,839 |
| Net gain on sale of loans | 187 | 187 | ||
| Other | 633 | 684 | 557 | 719 |
| Total noninterest income | 5,464 | 4,806 | 9,324 | 8,531 |
| Noninterest expense: | ||||
| Salaries and employee benefits | 9,957 | 8,506 | 18,701 | 16,800 |
| Net occupancy and equipment | 2,071 | 1,840 | 4,114 | 3,788 |
| Data processing | 1,226 | 894 | 2,256 | 1,738 |
| Advertising and marketing | 372 | 306 | 576 | 549 |
| Insurance premiums | 302 | 245 | 542 | 496 |
| Federal Deposit Insurance Corporation insurance premiums | 254 | 226 | 492 | 451 |
| Professional fees | 4,025 | 1,845 | 8,676 | 3,780 |
| Other | 3,975 | 865 | 4,945 | 1,716 |
| Total noninterest expense | 22,182 | 14,727 | 40,302 | 29,318 |
| Income before income taxes | 4,785 | 8,137 | 10,491 | 15,554 |
| Income tax expense | 1,301 | 1,686 | 1,717 | 3,340 |
| Net income | $ 3,484 | $ 6,451 | $ 8,774 | $ 12,214 |
| Net earnings per common share: | ||||
| Basic (in dollars per share) | $ 0.14 | $ 0.26 | $ 0.36 | $ 0.49 |
| Diluted (in dollars per share) | $ 0.14 | $ 0.26 | $ 0.36 | $ 0.49 |
| Weighted average shares outstanding - basic (in shares) | 24,031,945 | 24,510,936 | 24,052,355 | 24,724,696 |
| Weighted average shares outstanding - diluted (in shares) | 24,331,049 | 24,567,328 | 24,325,721 | 24,777,301 |
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- Definition Aggregate amount of interest expense on all borrowings and other. No definition available.
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- Definition Amount of credit loss expense (reversal of expense) for expected credit loss for financing receivable, off-balance sheet credit exposure and investment in debt security measured at amortized cost (held-to-maturity). No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of expense for Federal Deposit Insurance Corporation (FDIC) insurance. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The net gain (loss) resulting from a sale of loans, including adjustments to record loans classified as held-for-sale at the lower-of-cost-or-market and fair value adjustments to loan held for investment purposes. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The amount of expenses incurred in the period for information technology and data processing products and services. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Revenue from insurance services, including net premiums earned, gain on sale of insurance block, agency management fees and insurance contract fees and commissions. No definition available.
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- Definition Represents the total of interest and dividend income, including any amortization and accretion (as applicable) of discounts and premiums, earned from (1) loans and leases whether held-for-sale or held-in-portfolio; (2) investment securities; (3) federal funds sold; (4) securities purchased under agreements to resell; (5) investments in banker's acceptances, commercial paper, or certificates of deposit; (6) dividend income; or (7) other investments not otherwise specified herein. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount of operating dividend and interest income, including amortization and accretion of premiums and discounts, on securities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The aggregate interest and fee income generated by: (1) loans the Entity has positive intent and ability to hold for the foreseeable future, or until maturity or payoff, including commercial and consumer loans, whether domestic or foreign, which may consist of: (a) industrial and agricultural; (b) real estate; and (c) real estate construction loans; (d) trade financing; (e) lease financing; (f) home equity lines-of-credit; (g) automobile and other vehicle loans; and (h) credit card and other revolving-type loans and (2) loans and leases held-for-sale which may include mortgage loans, direct financing, and sales-type leases. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Aggregate amount of interest expense on all deposits. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of interest expense classified as operating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Interest income derived from funds deposited with both domestic and foreign financial institutions including funds in money market and other accounts. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest income or expense, including any amortization and accretion (as applicable) of discounts and premiums, including consideration of the provisions for loan, lease, credit, and other related losses. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of interest income (expense) classified as operating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Includes (1) underwriting revenue (the spread between the resale price received and the cost of the securities and related expenses) generated through the purchasing, distributing and reselling of new issues of securities (alternatively, could be a secondary offering of a large block of previously issued securities); and (2) fees earned for mergers, acquisitions, divestitures, restructurings, and other types of financial advisory services. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The total expense recognized in the period for promotion, public relations, and brand or product advertising. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Total aggregate amount of all noninterest expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The total amount of noninterest income which may be derived from: (1) fees and commissions; (2) premiums earned; (3) insurance policy charges; (4) the sale or disposal of assets; and (5) other sources not otherwise specified. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount of revenue earned, classified as other, excluding interest income. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of net occupancy expense that may include items, such as depreciation of facilities and equipment, lease expenses, property taxes and property and casualty insurance expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of noninterest expense classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, after effects of policies assumed or ceded, of expense related to the provision for policy benefits and costs incurred. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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