v3.26.1
Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ 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 held for investment $ 14,860 $ 13,961 $ 29,103 $ 27,426
Interest and fees on loans held for sale 53 30 78 55
Interest from federal funds sold 360 385 924 1,037
Interest and dividends on interest bearing deposits and other investments 70 58 94 88
Interest from debt securities 2,760 2,378 5,397 4,471
Total interest and dividend income 18,103 16,812 35,596 33,077
Interest expense        
Total interest on deposits 5,573 6,168 11,445 12,869
Interest on short-term debt 0 1 0 4
Interest on long-term debt 197 116 390 231
Total interest expense 5,770 6,285 11,835 13,104
Net interest income 12,333 10,527 23,761 19,973
Provision for credit losses - loans 306 1,082 595 902
(Recovery of) provision for credit losses - unfunded commitments (37) 105 (17) 181
Total Provision for Credit Losses 269 1,187 578 1,083
Net Interest Income After Provision for Credit Losses 12,064 9,340 23,183 18,890
Noninterest income        
Service charges on deposit accounts 372 307 715 620
Wealth management income 536 560 1,194 1,236
Mortgage banking income 639 358 1,131 960
Title insurance income 662 584 1,155 939
Income on bank owned life insurance 218 215 430 424
Low income housing partnership amortization (175) (196) (350) (393)
ATM and check card fees 904 875 1,681 1,639
Gain on sale of Bearing Insurance investment 4,836 0 4,836 0
Losses on sale of securities (3,462) 0 (3,462) 0
Other operating income 324 89 423 212
Total noninterest income 4,854 2,792 7,753 5,637
Noninterest expense        
Salaries 4,337 3,704 8,637 7,831
Employee benefits 1,483 923 3,000 2,038
Occupancy expense 384 387 778 795
Equipment expense 259 298 557 626
FDIC assessment 204 246 417 511
Legal and professional expense 686 527 1,439 1,006
ATM and check card fees 387 229 758 556
Data processing fees 927 945 1,878 1,903
Other operating expenses 1,780 1,453 3,297 2,970
Total noninterest expense 10,447 8,712 20,761 18,236
Income before income taxes 6,471 3,420 10,175 6,291
Income tax expense 1,102 455 1,581 869
Net Income $ 5,369 $ 2,965 $ 8,594 $ 5,422
Per Common Share Data        
Net income (basic) $ 1.52 $ 0.84 $ 2.43 $ 1.54
Net income (diluted) 1.50 0.83 2.41 1.53
Cash dividends on common stock $ 0.26 $ 0.26 $ 0.52 $ 0.52
Weighted average common shares outstanding (basic) 3,550,516 3,540,114 3,539,773 3,524,684
Weighted average common shares outstanding (diluted) 3,584,485 3,564,133 3,572,356 3,547,513