v3.26.3
Consolidated Statements of Net 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 $ 31,880 $ 33,162 $ 63,363 $ 65,629
Interest on debt securities 3,005 2,258 5,788 4,306
Dividend income 118 232 232 492
Interest on cash and cash equivalents 141 394 182 810
Total interest and dividend income 35,144 36,046 69,565 71,237
Interest expense:        
Interest on deposits 11,175 12,915 22,576 25,921
Interest on borrowings 873 2,515 2,150 5,268
Interest on subordinated debt 1,722 1,917 3,299 3,821
Total interest expense 13,770 17,347 28,025 35,010
Net interest income 21,374 18,699 41,540 36,227
Provision for credit losses 800 2,010 2,500 3,900
Net interest income, after provision for credit losses 20,574 16,689 39,040 32,327
Other income:        
Customer service fees 2,781 2,610 5,519 5,114
Net loan servicing (expense) fee income (148) 30 (1,100) 157
Trust department fees 1,620 1,475 3,255 2,961
Insurance and brokerage commissions 3,703 3,839 7,773 7,874
Gain (loss) on securities available for sale, net 0 (20) 203 (20)
Gain (loss) on marketable equity securities 130 (36) 189 (51)
Loss on sales of portfolio loans (323) (300) (776) (827)
Mortgage banking income 4,456 4,715 9,174 8,127
Bank-owned life insurance income 1,440 969 1,320 1,005
Miscellaneous 280 1,382 686 1,591
Total other income 13,939 14,664 26,243 25,931
Operating expenses:        
Salaries and employee benefits 20,797 18,886 39,862 36,100
Occupancy and equipment 3,562 3,419 7,679 7,112
Professional fees 839 779 1,668 1,551
Data processing 1,270 1,105 2,458 2,289
Advertising costs 609 540 1,217 1,179
Deposit insurance 703 659 1,400 1,386
Amortization of intangible assets 162 258 325 505
Other general and administrative 2,601 2,931 5,190 5,588
Total operating expenses 30,543 28,577 59,799 55,710
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total 3,970 2,776 5,484 2,548
Provision for income taxes 500 522 766 417
Net income $ 3,470 $ 2,254 $ 4,718 $ 2,131