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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Interest and dividend income        
Loans $ 61,749 $ 63,305 $ 180,802 $ 185,418
Debt securities available for sale 1,662 1,616 5,107 4,424
Other investments and interest-bearing deposits 1,984 1,728 6,762 5,576
Total interest and dividend income 65,395 66,649 192,671 195,418
Interest expense        
Deposits 19,474 23,408 58,693 64,864
Junior subordinated debt 207 235 618 705
Borrowings 325 648 835 3,550
Total interest expense 20,006 24,291 60,146 69,119
Net interest income 45,389 42,358 132,525 126,299
Provision for credit losses 2,015 2,975 4,858 8,400
Net interest income after provision for credit losses 43,374 39,383 127,667 117,899
Noninterest income        
Service charges and fees on deposit accounts 2,527 2,336 7,273 6,839
Loan income and fees 577 684 1,846 2,009
Gain on sale of loans held for sale 1,725 1,900 5,742 5,185
BOLI income 882 828 2,576 3,470
Operating lease income 1,777 1,637 5,032 5,087
Gain on sale of branches 0 0 1,448 0
Gain (loss) on sale of premises and equipment 0 0 28 (9)
Other 1,263 897 2,990 2,625
Total noninterest income 8,751 8,282 26,935 25,206
Noninterest expense        
Salaries and employee benefits 18,508 17,082 54,415 50,666
Occupancy expense, net 2,563 2,436 7,449 7,292
Computer services 2,562 3,192 7,855 9,396
Operating lease depreciation expense 1,770 2,101 5,427 5,667
Telephone, postage and supplies 539 547 1,646 1,712
Marketing and advertising 471 408 1,365 1,659
Deposit insurance premiums 468 589 1,452 1,674
Core deposit intangible amortization 410 567 1,336 1,896
Other 3,975 3,947 12,537 11,526
Total noninterest expense 31,266 30,869 93,482 91,488
Income before income taxes 20,859 16,796 61,120 51,617
Income tax expense 4,368 3,684 12,880 11,020
Net income $ 16,491 $ 13,112 $ 48,240 $ 40,597
Net income per common share        
Basic (in dollars per share) $ 0.96 $ 0.77 $ 2.81 $ 2.38
Diluted (in dollars per share) $ 0.95 $ 0.76 $ 2.79 $ 2.37
Average shares outstanding        
Basic (in shares) 16,998,549 16,931,793 17,005,206 16,891,619
Diluted (in shares) 17,130,030 17,027,824 17,117,605 16,938,328