v3.26.3
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 and dividend income        
Loans $ 51,111 $ 48,426 $ 148,920 $ 132,956
Securities and other 6,527 6,355 19,050 17,112
Federal Home Loan Bank stock 193 217 531 566
Interest-earning deposits with other banks 561 924 1,047 1,514
Total interest and dividend income 58,392 55,922 169,548 152,148
Interest expense        
Deposits 15,103 16,419 44,630 47,442
Borrowings 2,578 2,544 9,416 8,845
Total interest expense 17,681 18,963 54,046 56,287
Net interest income 40,711 36,959 115,502 95,861
Provision for credit losses on available-for-sale debt securities       636
Provision (benefit) for credit losses on loans (167) 3,749 1,388 4,220
Net interest income (benefit) after provision for credit losses 40,878 33,210 114,114 91,005
Non-interest income        
Trust and investment management fee income 4,186 3,903 12,878 12,082
Customer service fees 4,566 4,311 13,383 11,425
Gain (loss) on available-for-sale debt securities, net 69 41 (964) (4,901)
Mortgage banking income 766 423 2,189 1,484
Bank-owned life insurance income 693 665 4,097 1,881
Customer derivative income 484 962 889 1,278
Other income 83 262 521 882
Total non-interest income 10,847 10,567 32,993 24,131
Non-interest expense        
Salaries and employee benefits 16,393 15,939 48,999 43,946
Occupancy and equipment 4,198 3,879 12,526 10,750
Depreciation 1,194 1,078 3,416 3,150
Loss (gain) on premises and equipment, net 47 (206) 181 (113)
Outside services 762 514 1,754 1,453
Professional services 503 296 1,240 1,402
Communication 207 246 666 606
Marketing 705 655 1,880 1,855
Amortization of intangible assets 582 466 1,746 932
FDIC assessment 528 462 1,642 1,382
Acquisition, conversion and other expenses 610 4,978 2,029 6,422
Provision (benefit) for unfunded commitments 180 145 (696) 71
Other expenses 5,458 4,287 14,993 12,072
Total non-interest expense 31,367 32,739 90,376 83,928
Income before income taxes 20,358 11,038 56,731 31,208
Income tax expense 4,269 2,183 11,884 6,050
Net income $ 16,089 $ 8,855 $ 44,847 $ 25,158
Earnings per share:        
Basic (in dollars per share) $ 0.96 $ 0.55 $ 2.68 $ 1.61
Diluted (in dollars per share) $ 0.96 $ 0.54 $ 2.67 $ 1.6
Weighted average common shares outstanding:        
Basic (in shares) 16,764,502 16,230,758 16,748,495 15,621,752
Diluted (in shares) 16,827,840 16,283,620 16,814,496 15,685,215