v3.26.3
Condensed 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 Income:        
Interest and fees on loans $ 24,830 $ 23,635 $ 73,563 $ 54,643
Interest on investment securities 5,217 4,934 15,204 13,948
Other 1,004 1,228 2,010 2,429
Total interest income 31,051 29,797 90,777 71,020
Interest Expense:        
Interest on deposits 4,081 3,884 11,573 8,064
Interest on borrowings 177 422 550 713
Other 252 317 968 347
Total interest expense 4,510 4,623 13,091 9,124
Net interest income before provision for credit losses 26,541 25,174 77,686 61,896
Provision for Credit Losses 150 5,373 420 6,483
Net interest income after provision for credit losses 26,391 19,801 77,266 55,413
Non-Interest Income:        
Interchange revenue 927 912 2,639 2,386
Other 1,057 520 3,496 3,133
Total non-interest income 2,786 2,248 8,535 7,822
Non-Interest Expenses:        
Salaries and employee benefits 7,640 7,418 22,890 18,851
Occupancy and equipment 2,743 2,471 8,065 6,535
Other 4,762 5,245 13,981 12,226
Total non-interest expenses 15,145 15,134 44,936 37,612
Income before provision for income taxes 14,032 6,915 40,865 25,623
Provision for Income Taxes 2,646 1,769 9,757 6,977
Net income $ 11,386 $ 5,146 $ 31,108 $ 18,646
Basic earnings per share (in dollars per share) $ 1.64 $ 0.74 $ 4.46 $ 2.98
Diluted earnings per share (in dollars per share) $ 1.61 $ 0.73 $ 4.4 $ 2.94
Service [Member]        
Non-Interest Income:        
Revenue $ 802 $ 816 $ 2,400 $ 2,303