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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2026

Accounting Policies [Abstract]

Schedule of Changes in Non-Vested Performance-Based Shares

Changes in non-vested shares dependent on performance criteria for the six months ended June 30, 2026 were as follows:


						Weighted
						Average
		Number of				Grant Date
		Shares				Fair Value
Balance, January 1, 2026			133,936			$	30.37
Granted during 2026			133,354				41.78
Vested during 2026			(53,729	)			30.96
Forfeited during 2026			—				—
Balance, June 30, 2026			213,561			$	38.57

Schedule of Changes in Service-Based Restricted Stock Awards/Units

Changes in service-based restricted stock awards/units for the six months ended June 30, 2026 were as follows:


						Weighted
						Average
		Number of				Grant Date
		Shares				Fair Value
Balance, January 1, 2026			214,089			$	31.37
Granted during 2026			98,934				33.18
Vested during 2026			(118,541	)			31.26
Forfeited during 2026			(2,905	)			30.96
Balance, June 30, 2026			191,577			$	32.38

Schedule of Calculation of Basic and Diluted Earnings per Share

The following is a reconciliation of the calculation of basic and diluted earnings per share. Basic net income per share is calculated by dividing net income available to common shareholders by the weighted average shares outstanding during the reporting period. Diluted net income per share is computed similarly to that of basic net income per share, except that the denominator is increased to include the number of additional shares that would have been outstanding utilizing

the Treasury Stock Method if all shares underlying potentially dilutive stock options were issued and all shares of restricted stock, stock warrants or restricted stock units were to vest during the reporting period.


	Three Months Ended								Six Months Ended
	June 30,								June 30,
(Dollars in thousands, except per share data)	2026				2025				2026				2025
Net income	$	15,972			$	7,941			$	30,125			$	15,536
Less: Dividends on preferred stock		195				—				195				—
Net income available to common shareholders	$	15,777			$	7,941			$	29,930			$	15,536

Basic weighted average shares outstanding		17,717,883				17,704,110				17,652,229				17,657,771
Plus: common stock equivalents		907,525				69,127				561,676				141,324
Diluted weighted average shares outstanding		18,625,408				17,773,237				18,213,905				17,799,095
Net income per share
Basic	$	0.89			$	0.45			$	1.70			$	0.88
Diluted		0.86				0.45				1.65				0.87