v3.26.1
Consolidated Statements of Income (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 $ 22,145 $ 21,594 $ 43,162 $ 42,231
Interest on deposits in banks 1,288 1,891 2,458 3,562
Interest on federal funds sold 0 0 0 39
Interest and dividends on securities:        
Taxable interest 1,843 1,313 3,629 2,627
Tax-exempt interest 293 298 585 598
Dividends 64 69 128 129
Total interest and dividend income 25,633 25,165 49,962 49,186
Interest Expense        
Interest on deposits 5,410 6,080 10,824 12,117
Interest on subordinated debt 170 468 338 935
Interest on junior subordinated debt 69 66 135 132
Interest on other borrowings 3 3 8 3
Total interest expense 5,652 6,617 11,305 13,187
Net interest income 19,981 18,548 38,657 35,999
Provision for credit losses 426 911 876 1,743
Net interest income after provision for credit losses 19,555 17,637 37,781 34,256
Noninterest Income        
Noninterest income 3,418 3,428 6,702 6,703
Income from bank owned life insurance 241 231 500 477
Net gains on redemption of subordinated debt 0 80 0 80
Net gains on securities available for sale 0 0 8 0
Net gains on sale of mortgage loans held for sale 4 0 5 0
Net gain on disposal of premises and equipment 56 0 56 0
Other operating income 299 150 571 240
Total noninterest income 4,018 3,889 7,842 7,500
Noninterest Expense        
Salaries and employee benefits 9,006 8,033 17,988 16,722
Occupancy 974 944 1,946 2,013
Equipment 1,131 1,057 2,224 2,082
Marketing 476 286 817 506
Supplies 192 198 338 415
Legal and professional fees 742 594 1,430 1,115
ATM and check card expense 608 537 1,179 976
FDIC assessment 224 315 451 729
Bank franchise tax 395 348 775 665
Data processing expense 435 504 829 1,266
Core deposit intangible amortization expense 433 441 867 883
Other real estate owned income, net 0 0 0 (7)
Net losses on disposal of premises and equipment 0 7 0 7
Merger expense 0 92 0 2,032
Other operating expense 1,821 1,835 3,575 4,122
Total noninterest expense 16,437 15,191 32,419 33,526
Net impact to income before taxes 7,136 6,335 13,204 8,230
Income tax expense (1,393) (1,284) (2,574) (1,581)
Net income $ 5,743 $ 5,051 $ 10,630 $ 6,649
Earnings per common share        
Basic (in dollars per share) $ 0.64 $ 0.56 $ 1.18 $ 0.74
Diluted (in dollars per share) $ 0.63 $ 0.56 $ 1.17 $ 0.74
Deposit Account [Member]        
Noninterest Income        
Noninterest income $ 913 $ 1,020 $ 1,837 $ 2,033
Credit and Debit Card [Member]        
Noninterest Income        
Noninterest income 1,155 1,128 2,202 2,124
Asset Management [Member]        
Noninterest Income        
Noninterest income 902 867 1,813 1,765
Financial Service, Other [Member]        
Noninterest Income        
Noninterest income 295 230 582 488
Mortgage Banking [Member]        
Noninterest Income        
Noninterest income $ 153 $ 183 $ 268 $ 293