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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest and dividend income    
Loans $ 58,613 $ 59,952
Debt securities available for sale 1,787 1,313
Other investments and interest-bearing deposits 3,235 2,090
Total interest and dividend income 63,635 63,355
Interest expense    
Deposits 20,363 20,318
Junior subordinated debt 205 236
Borrowings 160 1,571
Total interest expense 20,728 22,125
Net interest income 42,907 41,230
Provision for credit losses 1,540 1,165
Net interest income after provision for credit losses 41,367 40,065
Noninterest income    
Service charges and fees on deposit accounts 2,244 2,149
Loan income and fees 721 678
Gain on sale of loans held for sale 1,908 1,457
BOLI income 842 1,835
Operating lease income 1,379 1,859
Loss on sale of premises and equipment 0 (9)
Other 933 842
Total noninterest income 8,027 8,811
Noninterest expense    
Salaries and employee benefits 17,699 16,976
Occupancy expense, net 2,511 2,437
Computer services 2,805 3,088
Operating lease depreciation expense 1,868 1,643
Telephone, postage and supplies 546 585
Marketing and advertising 452 645
Deposit insurance premiums 511 554
Core deposit intangible amortization 515 762
Other 4,054 3,174
Total noninterest expense 30,961 29,864
Income before income taxes 18,433 19,012
Income tax expense 3,894 3,945
Net income $ 14,539 $ 15,067
Net income per common share    
Basic (in dollars per share) $ 0.84 $ 0.88
Diluted (in dollars per share) $ 0.84 $ 0.88
Average shares outstanding    
Basic (in shares) 17,011,359 16,859,738
Diluted (in shares) 17,113,424 16,872,840