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v3.25.1

Segment Reporting (Tables) | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Schedule of Segment Information | Information reported internally for performance assessment by the CODM follows, including reconciliation to the financial statements.
| Three Months Ended March 31,
| 2025 |  | 2024
Interest and Dividend Income: |  |  |
Loans including fees |  |  |
Interest and fees on loans | $ | 72,379 |  |  | $ | 71,513 |
Investment Securities | 10,000 |  |  | 6,392 |
Total interest and dividend income | 82,379 |  |  | 77,905 |
Interest Expense: |  |  |
Deposits | 32,634 |  |  | 31,548 |
Borrowed funds | 1,314 |  |  | 1,135 |
Total interest expense | 33,948 |  |  | 32,683 |
NET INTEREST INCOME | 48,431 |  |  | 45,222 |
PROVISION FOR CREDIT LOSS EXPENSE | 1,556 |  |  | 1,320 |
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSS EXPENSE | 46,875 |  |  | 43,902 |
NON-INTEREST INCOME: |  |  |
Service charges on deposit accounts | 1,714 |  |  | 1,694 |
Other service charges and fees | 510 |  |  | 695 |
Wealth and asset management fees | 1,796 |  |  | 1,802 |
Net unrealized gains (losses) on equity securities | (249) |  |  | 191 |
Mortgage banking | 96 |  |  | 196 |
Bank owned life insurance | 760 |  |  | 767 |
Card processing and interchange income | 2,107 |  |  | 2,016 |
Other non-interest income | 1,773 |  |  | 1,594 |
Total non-interest income | 8,507 |  |  | 8,955 |
NON-INTEREST EXPENSES: |  |  |
Salaries | 13,726 |  |  | 13,556 |
Incentive | 1,768 |  |  | 393 |
Benefits | 5,070 |  |  | 4,838 |
Net occupancy expense | 4,038 |  |  | 3,640 |
Technology expense | 5,378 |  |  | 5,072 |
State and local taxes | 1,292 |  |  | 1,143 |
Legal, professional and examination fees | 849 |  |  | 1,172 |
Advertising | 514 |  |  | 685 |
FDIC insurance | 985 |  |  | 990 |
Card processing and interchange expenses | 1,160 |  |  | 1,179 |
Merger Costs | 1,529 |  |  | — |
Other non-interest expenses | 4,729 |  |  | 4,756 |
Total non-interest expenses | 41,038 |  |  | 37,424 |
INCOME BEFORE INCOME TAXES | 14,344 |  |  | 15,433 |
INCOME TAX EXPENSE | 2,863 |  |  | 2,833 |
SEGMENT NET INCOME | $ | 11,481 |  |  | $ | 12,600 |
Reconciliation of profit or loss |  |  |
Adjustments and reconciling items | — |  |  | — |
CONSOLIDATED NET INCOME | $ | 11,481 |  |  | $ | 12,600 |
Reconciliation of assets |  |  |
Adjustments and reconciling items | — |  |  | — |
TOTAL CONSOLIDATED ASSETS | $ | 6,295,508 |  |  | $ | 5,801,412 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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