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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - 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 $ 48,426 $ 42,042 $ 132,956 $ 122,146
Securities and other 6,355 5,515 17,112 16,665
Federal Home Loan Bank stock 217 258 566 745
Interest-earning deposits with other banks 924 765 1,514 1,685
Total interest and dividend income 55,922 48,580 152,148 141,241
Interest expense        
Deposits 16,419 16,174 47,442 45,486
Borrowings 2,544 3,448 8,845 10,983
Total interest expense 18,963 19,622 56,287 56,469
Net interest income 36,959 28,958 95,861 84,772
Provision for credit losses on available-for-sale debt securities     636  
Provision for credit losses on loans 3,749 228 4,220 1,102
Net interest income after provision for credit losses 33,210 28,730 91,005 83,670
Non-interest income        
Trust and investment management fee income 3,903 4,129 12,082 11,992
Customer service fees 4,311 3,788 11,425 11,235
(Loss) gain on available-for-sale debt securities, net 41   (4,901) 50
Mortgage banking income 423 681 1,484 1,496
Bank-owned life insurance income 665 570 1,881 1,714
Customer derivative income 962 265 1,278 433
Other income 262 220 882 576
Total non-interest income 10,567 9,653 24,131 27,496
Non-interest expense        
Salaries and employee benefits 15,939 14,383 43,946 41,491
Occupancy and equipment 3,879 3,405 10,750 10,154
Depreciation 1,078 1,048 3,150 3,154
Loss (gain) on sales of premises and equipment, net (206)   (113) (263)
Outside services 514 386 1,453 1,186
Professional services 296 441 1,402 1,079
Communication 246 189 606 570
Marketing 655 434 1,855 1,522
Amortization of intangible assets 466 233 932 699
FDIC assessment 462 451 1,382 1,351
Acquisition, conversion and other expenses 4,978   6,422 20
Provision (credit) for unfunded commitments 145 35 71 (150)
Other expenses 4,287 3,767 12,072 11,289
Total non-interest expense 32,739 24,772 83,928 72,102
Income before income taxes 11,038 13,611 31,208 39,064
Income tax expense 2,183 1,418 6,050 6,519
Net income $ 8,855 $ 12,193 $ 25,158 $ 32,545
Earnings per share:        
Basic (in dollars per share) $ 0.55 $ 0.8 $ 1.61 $ 2.14
Diluted (in dollars per share) $ 0.54 $ 0.8 $ 1.6 $ 2.13
Weighted average common shares outstanding:        
Basic (in shares) 16,230,758 15,260,942 15,621,752 15,229,029
Diluted (in shares) 16,283,620 15,326,074 15,685,215 15,291,892