XML 10 R4.htm IDEA: XBRL DOCUMENT v3.25.3
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 income        
Loans and leases $ 58,500 $ 55,506 $ 170,395 $ 160,947
Securities 4,011 2,976 11,199 8,823
Short-term investments 1,235 845 2,964 3,250
Total interest income 63,746 59,327 184,558 173,020
Interest expense        
Deposits 26,338 25,290 73,611 73,802
Federal Home Loan Bank advances and other borrowings 2,522 3,030 9,019 8,159
Total interest expense 28,860 28,320 82,630 81,961
Net interest income 34,886 31,007 101,928 91,059
Provision for credit losses 1,440 2,087 6,800 6,126
Net interest income after provision for credit losses 33,446 28,920 95,128 84,933
Non-interest income        
Private wealth management service fees 3,687 3,264 10,928 9,835
Gain on sale of Small Business Administration loans 382 460 1,742 1,004
Service charges on deposits 1,151 920 3,303 2,810
Loan fees 501 812 1,313 2,486
Bank-owned life insurance income 965 416 2,016 1,231
Net loss on sale of securities 0 0 0 (8)
Swap fees 974 460 1,257 815
Other non-interest income 1,980 732 3,916 3,073
Total non-interest income 9,640 7,064 24,475 21,246
Non-interest expense        
Compensation 17,442 15,198 50,723 47,570
Occupancy 567 585 1,721 1,785
Professional fees 1,071 1,305 4,016 4,348
Data processing 1,123 1,045 3,574 3,245
Marketing 876 922 2,906 2,591
Equipment 296 333 1,007 1,013
Computer software 1,826 1,608 5,085 4,581
FDIC insurance 817 810 2,432 2,032
Other non-interest expense 1,682 1,301 3,924 3,164
Total non-interest expense 25,700 23,107 75,388 70,329
Income before income tax expense 17,386 12,877 44,215 35,850
Income tax expense 2,993 2,351 7,229 6,020
Net income 14,393 10,526 36,986 29,830
Preferred stock dividend 218 218 656 656
Net income available to common shareholders $ 14,175 $ 10,308 $ 36,330 $ 29,174
Earnings per common share        
Basic $ 1.7 $ 1.24 $ 4.37 $ 3.5
Diluted 1.7 1.24 4.37 3.5
Dividends declared per share $ 0.29 $ 0.25 $ 0.87 $ 0.75