v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - 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 $ 31,108 $ 29,839 $ 90,523 $ 85,256
Interest on investment securities:        
Taxable 2,393 2,641 7,323 8,036
Tax exempt 492 506 1,493 1,643
Interest on Federal funds sold and other 2,213 1,542 5,836 4,724
TOTAL INTEREST INCOME 36,206 34,528 105,175 99,659
INTEREST EXPENSE        
Savings and NOW accounts 5,597 5,496 16,185 15,646
Time deposits 159 852 1,125 5,298
FHLB advances 100 616 332 1,922
Subordinated notes 429 617 1,289 1,078
TOTAL INTEREST EXPENSE 6,285 7,581 18,931 23,944
NET INTEREST INCOME 29,921 26,947 86,244 75,715
Provision (credit) for credit losses - loans 809 3,876 (641) 6,191
NET INTEREST INCOME AFTER PROVISION (CREDIT) FOR CREDIT LOSSES 29,112 23,071 86,885 69,524
NONINTEREST INCOME        
Service charges on deposit accounts 359 377 1,043 1,001
Trust income 2,519 1,578 5,912 4,825
Investment advisory income 1,461 1,957 4,555 5,547
Investment securities gains (losses), net   159   (568)
Earnings on bank owned life insurance 197 190 584 683
Proceeds from bank owned life insurance benefit   1,191   3,590
Gain on sale of assets       1,236
Valuation allowance on loans held-for-sale 281      
Valuation allowance on loans held-for-sale     (4,480)  
Other 557 1,335 1,330 2,146
TOTAL NONINTEREST INCOME 5,374 6,787 8,944 18,460
NONINTEREST EXPENSE        
Salaries 7,003 7,378 21,924 21,096
Employee benefits 2,490 2,419 8,597 7,207
Occupancy expense 1,254 1,280 3,841 3,856
Professional fees 1,608 1,380 4,934 4,393
Directors' fees and expenses 536 314 1,693 939
Computer software expense 1,998 1,785 5,836 5,884
FDIC assessment 210 330 700 990
Advertising expenses 486 481 1,407 1,351
Advisor expenses related to trust income 30 22 80 66
Telephone expenses 243 220 781 630
Intangible amortization 71 71 214 214
Other 1,302 1,160 2,417 3,463
TOTAL NONINTEREST EXPENSE 17,231 16,840 52,424 50,089
Income before income taxes 17,255 13,018 43,405 37,895
Provision for income taxes 4,769 2,999 5,976 8,711
NET INCOME $ 12,486 $ 10,019 $ 37,429 $ 29,184
Basic earnings per share (in dollars per share) $ 0.93 $ 0.75 $ 2.8 $ 2.39
Diluted earnings per share (in dollars per share) $ 0.93 $ 0.75 $ 2.8 $ 2.39
Weighted average shares outstanding, Basic (in shares) 13,383,550 13,337,890 13,372,387 12,228,878
Weighted average shares outstanding, Diluted (in shares) 13,383,550 13,337,890 13,372,387 12,228,878