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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest income    
Loans and leases $ 55,274 $ 51,549
Securities 3,404 2,794
Short-term investments 852 1,440
Total interest income 59,530 55,783
Interest expense    
Deposits 23,016 23,837
Federal Home Loan Bank advances and other borrowings 3,256 2,435
Total interest expense 26,272 26,272
Net interest income 33,258 29,511
Provision for credit losses 2,659 2,326
Net interest income after provision for credit losses 30,599 27,185
Non-interest income    
Private wealth management service fees 3,492 3,111
Gain on sale of Small Business Administration loans 963 195
Service charges on deposits 1,048 940
Loan fees 388 847
Increase in cash surrender value of bank-owned life insurance 437 412
Net loss on sale of securities 0 (8)
Swap fees 113 198
Other non-interest income 1,138 1,062
Total non-interest income 7,579 6,757
Non-interest expense    
Compensation 16,747 16,157
Occupancy 590 607
Professional fees 1,459 1,571
Data processing 1,082 1,018
Marketing 968 818
Equipment 376 345
Computer software 1,603 1,418
FDIC insurance 780 610
Other non-interest expense 1,114 798
Total non-interest expense 24,719 23,342
Income before income tax expense 13,459 10,600
Income tax expense 2,288 1,752
Net income 11,171 8,848
Preferred stock dividend 219 219
Net income available to common shareholders $ 10,952 $ 8,629
Earnings per common share    
Basic $ 1.32 $ 1.04
Diluted 1.32 1.04
Dividends declared per share $ 0.29 $ 0.25