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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
Loans, including fees:        
Taxable $ 36,961 $ 23,108 $ 105,192 $ 67,253
Tax-exempt 324 311 933 943
Investment Securities:        
Taxable 3,430 2,617 9,615 8,193
Tax-exempt 281 284 852 852
Dividends 332 251 979 739
Other 1,162 670 2,785 2,104
Total Interest and Dividend Income 42,490 27,241 120,356 80,084
INTEREST EXPENSE        
Deposits 6,872 3,112 20,152 7,915
Short-term borrowings 513 204 1,148 847
Long-term borrowings 2,968 2,983 8,817 8,823
Total Interest Expense 10,353 6,299 30,117 17,585
Net Interest Income 32,137 20,942 90,239 62,499
(Reversal of) provision for credit losses (584) 81 5,156 (2,686)
Reversal of provision for credit losses and unfunded commitments (145) 40 (979) (370)
Net Interest Income after (Reversal of) Provisions for Credit Losses and Unfunded Commitments 32,866 20,821 86,062 65,555
NONINTEREST INCOME        
Insurance commissions 2,545 2,787 7,600 7,649
Earnings on investment in bank-owned life insurance 651 503 1,858 1,473
Gain on life insurance proceeds 0 0 285 0
Net gains on sales or calls of investment securities 0 0 22 69
Net gains on equity securities 9 28 26 19
Other 428 339 1,119 756
Total Noninterest Income 8,411 6,833 24,277 18,927
NONINTEREST EXPENSES        
Salaries and employee benefits 13,191 11,017 39,745 32,611
Equipment 2,302 1,698 7,121 4,997
Net occupancy 1,217 945 3,936 3,066
Professional services 588 409 1,908 1,554
FDIC and regulatory 457 365 1,293 1,088
Other tax 561 360 1,308 1,086
Intangible assets amortization 1,129 304 3,127 940
Merger-related 169 1,137 10,143 1,160
Other 2,747 2,009 8,481 5,795
Total Noninterest Expenses 22,361 18,244 77,062 52,297
Income Before Income Taxes 18,916 9,410 33,277 32,185
Income tax expense 4,046 2,206 7,031 6,934
Net Income $ 14,870 $ 7,204 $ 26,246 $ 25,251
PER SHARE DATA        
Basic earnings (in dollars per share) $ 1.43 $ 0.85 $ 2.57 $ 2.97
Diluted earnings (in dollars per share) $ 1.42 $ 0.84 $ 2.56 $ 2.96
Weighted average shares of common stock outstanding, basic (in shares) 10,419,581 8,507,140 10,228,029 8,500,860
Weighted average shares of common stock outstanding, diluted (in shares) 10,455,461 8,545,578 10,257,800 8,532,691
Service charges on deposits        
NONINTEREST INCOME        
Revenue from contract with customer, excluding assessed tax $ 1,286 $ 1,048 $ 3,559 $ 3,060
Wealth management        
NONINTEREST INCOME        
Revenue from contract with customer, excluding assessed tax 1,125 1,188 3,275 3,219
Gain from mortgage loans held for sale        
NONINTEREST INCOME        
Revenue from contract with customer, excluding assessed tax 1,463 112 3,893 194
ATM debit card charges        
NONINTEREST INCOME        
Revenue from contract with customer, excluding assessed tax $ 904 $ 828 $ 2,640 $ 2,488