v3.26.3
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Interest and dividend income        
Loans, including fees $ 33,139 $ 32,924 $ 95,692 $ 94,708
Taxable securities 7,874 9,104 23,831 27,539
Tax-exempt securities 1,697 1,580 5,000 4,733
Federal funds sold and other 207 329 530 1,128
Total interest income 42,917 43,937 125,053 128,108
Interest expense        
Deposits 8,756 9,606 24,940 28,304
Federal funds purchased and repurchase agreements 425 420 2,152 1,087
Federal Home Loan Bank advances 335 857 1,490 2,729
Long-term debt 429 429 1,291 1,289
Subordinated debentures 607 657 1,794 1,965
Total interest expense 10,552 11,969 31,667 35,374
Net interest income 32,365 31,968 93,386 92,734
Credit loss (benefit) expense - loans (2,024) 3,709 336 6,880
Credit loss expense (benefit) - unfunded commitments 10 (20) (130) 80
Credit loss benefit - debt securities held-to-maturity 0 0 (1) 0
Net interest income after credit loss expense 34,379 28,279 93,181 85,774
Noninterest income        
Net gain on sale of securities available-for-sale 0 0 0 124
Net gain (loss) on sale of fixed assets 0 0 360 (22)
Increase in cash surrender value of life insurance 421 410 1,256 991
Earnings on separate account life insurance 112 608 1,118 1,078
Other income 1,071 975 3,749 3,580
Total noninterest income 7,716 8,058 24,256 23,252
Noninterest expense        
Salaries and benefits 12,161 12,827 37,408 38,375
Occupancy and equipment 3,162 3,234 9,451 9,354
Other 6,991 7,574 20,791 22,090
Total noninterest expense 22,314 23,635 67,650 69,819
Income before taxes 19,781 12,702 49,787 39,207
Provision for income taxes 4,500 3,003 12,067 9,774
Net income $ 15,281 $ 9,699 $ 37,720 $ 29,433
PER SHARE DATA        
Earnings per share basic (in dollars per share) $ 1.19 $ 0.73 $ 2.93 $ 2.17
Earnings per share diluted (in dollars per share) $ 1.18 $ 0.72 $ 2.9 $ 2.15
Average shares outstanding, basic (in shares) 12,790,829 13,361,594 12,875,239 13,582,194
Average shares outstanding, diluted (in shares) 12,923,493 13,470,658 12,992,143 13,674,934
Financial Service [Member]        
Noninterest income        
Service charges and fees on deposit accounts $ 6,112 $ 6,065 $ 17,773 $ 17,501