v3.26.1
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
Interest income:        
Loans, including fees $ 41,592 $ 41,174 $ 81,655 $ 81,112
Investment securities 3,786 3,001 7,478 5,255
Other interest, dividends, and short-term investments 1,468 2,183 3,454 4,400
Total interest income 46,846 46,358 92,587 90,767
Interest expense:        
Deposits 19,951 21,439 39,027 40,878
Borrowings 293 233 412 435
Subordinated debt 1,014 1,157 2,033 2,139
Total interest expense 21,258 22,829 41,472 43,452
Net interest income 25,588 23,529 51,115 47,315
Provision for credit losses - loans 943 67 1,175 1,381
Provision (benefit) for credit losses - unfunded commitments (670) (236) (1,300) (1,018)
Total provision (benefit) for credit losses 273 (169) (125) 363
Net interest income after provision for credit losses 25,315 23,698 51,240 46,952
Noninterest income:        
Service charges on deposit accounts 5,538 12,095 12,363 19,929
Bank-owned life insurance income 636 348 1,190 692
Gain on sale of securities, net 0 0 108 0
Other noninterest income 501 763 655 2,273
Total noninterest income 6,675 13,206 14,316 22,894
Noninterest expense:        
Compensation and benefits 11,662 15,215 24,061 27,596
Occupancy, software and equipment 4,013 3,902 8,338 6,901
Data processing 1,738 2,302 3,690 4,146
Federal deposit insurance premiums 650 795 1,700 1,590
Service fees 95 75 170 1,853
Professional fees 3,183 2,198 5,689 3,569
Supplies 182 362 638 578
Director fees 444 309 770 586
Amortization of intangibles 692 806 1,386 1,343
Consumer fraud and transaction losses 1,432 3,522 2,770 7,039
Other 1,411 1,260 2,522 2,663
Total noninterest expense 25,502 30,746 51,734 57,864
Income before income tax expense 6,488 6,158 13,822 11,982
Income tax expense 1,392 1,567 2,815 2,686
Net income $ 5,096 $ 4,591 $ 11,007 $ 9,296
Earnings per share:        
Basic (in usd per share) $ 0.21 $ 0.18 $ 0.44 $ 0.37
Diluted (in usd per share) $ 0.20 $ 0.18 $ 0.44 $ 0.37
Weighted average common shares outstanding:        
Basic (in shares) 24,802,799 24,829,553 24,776,164 24,828,630
Diluted (in shares) 25,235,701 24,955,621 24,924,762 24,946,966