v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Interest income:        
Loans, including fees $ 30,259,000 $ 29,220,000 $ 88,050,000 $ 84,331,000
Investment securities 2,243,000 2,315,000 6,642,000 7,175,000
Fed funds sold and interest-bearing balances in banks 1,576,000 3,017,000 5,346,000 8,359,000
FHLB dividends 284,000 253,000 891,000 750,000
FRB dividends 116,000 145,000 348,000 434,000
Total interest and dividend income 34,478,000 34,950,000 101,277,000 101,049,000
Interest expense:        
Deposits 8,799,000 9,777,000 26,162,000 27,669,000
Subordinated debt   1,571,000   3,354,000
Junior subordinated deferrable interest debentures 119,000 193,000 628,000 577,000
Other borrowings     3,000  
Total interest expense 8,918,000 11,541,000 26,793,000 31,600,000
Net interest income 25,560,000 23,409,000 74,484,000 69,449,000
Provision for credit losses 843,000 2,973,000 5,414,000 3,818,000
Net interest income after provision for credit losses 24,717,000 20,436,000 69,070,000 65,631,000
Noninterest income:        
Gain on sale of loans 113,000   325,000 251,000
(Loss) gain on equity securities (589,000) 771,000 (436,000) 523,000
Loss on sale of AFS securities (6,832,000)   (6,832,000)  
Loan servicing and other loan fees 505,000 403,000 1,145,000 1,308,000
Loss on investment in Small Business Investment Company ("SBIC") fund (75,000) (29,000) (183,000) (365,000)
Other income and fees 279,000 278,000 797,000 801,000
Total noninterest income (5,808,000) 2,248,000 (2,777,000) 5,201,000
Noninterest expense:        
Salaries and employee benefits 11,222,000 10,168,000 43,120,000 29,831,000
Occupancy and equipment 2,177,000 2,143,000 6,389,000 6,462,000
Data processing 2,071,000 2,038,000 6,148,000 5,804,000
Other expense 2,190,000 1,597,000 5,667,000 5,592,000
Total noninterest expense 17,660,000 15,946,000 61,324,000 47,689,000
Income before provision for income tax expense 1,249,000 6,738,000 4,969,000 23,143,000
Provision for income tax expense 104,000 1,731,000 2,606,000 6,070,000
Net income $ 1,145,000 $ 5,007,000 $ 2,363,000 $ 17,073,000
Net income per common share:        
Basic earnings per common share (in dollars per share) $ 0.1 $ 0.46 $ 0.22 $ 1.55
Weighted average common shares outstanding (in shares) 10,920,117 10,929,779 10,912,877 11,022,179
Diluted earnings per common share (in dollars per share) $ 0.1 $ 0.46 $ 0.22 $ 1.55
Weighted average common shares outstanding (in shares) 10,920,117 10,929,779 10,912,877 11,022,179
Service charges and other fees        
Noninterest income:        
Service charges and other fees $ 791,000 $ 825,000 $ 2,407,000 $ 2,683,000