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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
INTEREST INCOME        
Loans, including fees $ 72,469 $ 66,096 $ 139,006 $ 129,332
Investment securities:        
Taxable 4,637 4,143 9,097 8,183
Tax-exempt 344 371 692 747
Other interest-bearing balances 142 347 280 750
Federal funds sold 2,428 282 2,689 418
Total Interest Income 80,020 71,239 151,764 139,430
INTEREST EXPENSE        
Deposits 30,981 28,463 59,245 54,795
Short-term borrowings 86 3,324 376 7,770
Long-term and subordinated debt 747 686 1,428 1,643
Total Interest Expense 31,814 32,473 61,049 64,208
Net Interest Income 48,206 38,766 90,715 75,222
Provision for credit losses - loans 2,245 1,782 2,566 1,163
Provision/(Benefit) for credit losses - credit commitments 24 (178) 4 (496)
Net provision for credit losses 2,269 1,604 2,570 667
Net Interest Income After Provision/Benefit for Credit Losses 45,937 37,162 88,145 74,555
NONINTEREST INCOME        
Net gain on sales of SBA loans 63 74 120 181
Earnings from cash surrender value of life insurance 491 301 765 585
Other 1,904 1,685 3,609 4,121
Total Noninterest Income 6,143 5,329 11,382 11,166
NONINTEREST EXPENSE        
Salaries and employee benefits 20,753 15,533 37,062 30,995
Software licensing and utilization 3,272 2,208 5,846 4,328
Occupancy, net 2,365 1,861 4,639 3,843
Equipment 1,248 1,287 2,342 2,509
Shares tax 606 124 1,525 1,121
Legal and professional fees 993 689 1,819 1,687
ATM/card processing 621 510 1,354 1,044
Intangible amortization 744 425 1,172 853
FDIC Assessment 994 1,232 1,984 2,177
Gain/(Loss) on sale of foreclosed assets, net 0 42 (28) 42
Merger and acquisition 11,011 0 11,325 0
Other 5,191 4,313 9,400 8,145
Total Noninterest Expense 47,798 28,224 78,440 56,744
INCOME BEFORE PROVISION FOR INCOME TAXES 4,282 14,267 21,087 28,977
(Benefit)/Provision for income taxes (480) 2,496 2,583 5,073
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $ 4,762 $ 11,771 $ 18,504 $ 23,904
PER COMMON SHARE DATA:        
Basic Earnings Per Common Share (in dollars per share) $ 0.22 $ 0.71 $ 0.90 $ 1.44
Diluted Earnings Per Common Share (in dollars per share) $ 0.22 $ 0.71 $ 0.89 $ 1.44
Weighted-average basic shares outstanding (in shares) 21,566,617 16,576,283 20,467,349 16,572,102
Weighted-average diluted shares outstanding (in shares) 21,599,435 16,605,353 20,768,834 16,608,863
Fiduciary and wealth management        
NONINTEREST INCOME        
Non-interest Income $ 1,406 $ 1,129 $ 2,546 $ 2,261
ATM debit card interchange        
NONINTEREST INCOME        
Non-interest Income 958 973 1,877 1,918
Service charges on deposits        
NONINTEREST INCOME        
Non-interest Income 652 539 1,214 1,048
Mortgage banking        
NONINTEREST INCOME        
Non-interest Income 676 628 1,267 1,052
Mortgage hedging        
NONINTEREST INCOME        
Non-interest Income $ (7) $ 0 $ (16) $ 0