v3.26.3
CONSOLIDATED STATEMENTS OF INCOME – (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Jun. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Interest and dividend income:          
Loans $ 52,200 $ 50,663 $ 50,094 $ 152,801 $ 143,402
Interest-earning deposits 2,296 1,708 2,140 5,887 5,904
Investment securities 4,027 4,259 4,592 12,255 12,941
FHLB stock 539 222 327 1,521 981
Federal funds sold and other 245 307 239 805 705
Total interest and dividend income 59,307 57,159 57,392 173,269 163,933
Interest expense:          
Savings deposits, NOW and money market accounts 9,045 9,197 4,674 25,589 13,709
Time deposits 14,783 14,397 20,152 45,401 58,486
Long-term debt and subordinated debentures 1,749 2,428 1,635 5,776 4,901
FHLB advances 1,969 1,051 1,654 4,153 4,063
Total interest expense 27,546 27,073 28,115 80,919 81,159
Net interest income before provision for credit losses 31,761 30,086 29,277 92,350 82,774
Provision for credit losses 500 0 625 300 9,758
Net interest income after provision for credit losses 31,261 30,086 28,652 92,050 73,016
Noninterest income:          
Service charges and fees 1,110 1,104 1,099 3,246 3,176
Loan servicing income, net of amortization 525 533 564 1,562 1,693
Increase in cash surrender value of BOLI 449 438 427 1,318 1,241
Gain on sale of loans 89 964 260 1,377 699
(Loss)/gain on other real estate owned 0 (221) 0 669 0
Other income 2,932 200 943 4,202 7,257
Total noninterest income 5,105 3,018 3,293 12,374 14,066
Noninterest expense:          
Salaries and employee benefits 11,467 11,045 10,600 33,773 32,323
Occupancy and equipment expenses 2,587 2,449 2,425 7,547 7,209
Data processing 1,722 1,690 1,805 5,120 5,120
Legal and professional 1,306 1,311 1,450 4,120 5,869
Office expenses 394 377 444 1,130 1,257
Marketing and business promotion 193 178 252 586 661
Insurance and regulatory assessments 743 746 732 2,238 2,171
Core deposit intangible amortization 126 127 172 387 516
Other expenses 1,010 1,099 803 2,927 2,572
Total noninterest expense 19,548 19,022 18,683 57,828 57,698
Income before income taxes 16,818 14,082 13,262 46,596 29,384
Income tax expense 4,181 3,942 3,114 12,519 7,613
Net income $ 12,637 $ 10,140 $ 10,148 $ 34,077 $ 21,771
Net income per share          
Basic (in dollars per share) $ 0.75 $ 0.60 $ 0.59 $ 2.01 $ 1.24
Diluted (in dollars per share) $ 0.74 $ 0.59 $ 0.59 $ 1.99 $ 1.24
Weighted-average common shares outstanding          
Basic (in shares) 16,910,452 17,011,624 17,225,702 16,994,716 17,564,835
Diluted (in shares) 17,027,686 17,141,742 17,301,627 17,114,113 17,621,599