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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Interest income:      
Interest and fees on loans $ 130,166 $ 69,803 $ 55,907
Interest on deposits in other banks 4,355 3,576 391
Interest and dividends on investment securities:      
Taxable 20,384 23,437 20,011
Exempt from Federal income taxes 5,483 5,602 6,679
Total interest income 160,388 102,418 82,988
Interest expense:      
Interest on deposits 40,666 15,527 1,197
Interest on short-term borrowings 5,690 810 254
Interest on senior debt and subordinated debentures 3,665 3,652 1,971
Total interest expense 50,021 19,989 3,422
Net interest income before provision for credit losses 110,367 82,429 79,566
Provision for credit losses 11,113 309 995
Net interest income after provision for credit losses 99,254 82,120 78,571
Non-interest income:      
Interchange fees 2,078 1,780 1,847
Service charges 1,798 1,503 2,014
Appreciation in cash surrender value of bank owned life insurance 1,325 1,035 985
Loan placement fees 893 584 899
Federal Home Loan Bank dividends 796 498 367
Net realized gain on sale of assets 7 402 15
Net realized losses on sales and calls of investment securities (4,199) (907) (1,730)
Other income 3,747 2,125 657
Total non-interest income 6,445 7,020 5,054
Non-interest expenses:      
Salaries and employee benefits 48,470 31,367 28,917
Merger and acquisition expense 9,614 1,191 0
Occupancy and equipment 9,479 5,726 5,131
Information technology 5,940 3,616 3,344
Professional services 2,825 2,234 1,519
Data processing expense 3,748 2,621 2,245
Regulatory assessments 1,837 1,312 851
ATM/Debit card expenses 1,750 757 809
Directors’ expenses 752 614 282
Advertising 854 542 557
Loan related expenses 802 478 479
Personnel other 345 404 323
Amortization of core deposit intangibles 751 68 454
Other expense 7,534 4,370 3,573
Total non-interest expenses 94,701 55,300 48,484
Income before provision for income taxes 10,998 33,840 35,141
Provision for income taxes 3,332 8,304 8,496
Net income $ 7,666 $ 25,536 $ 26,645
Net income per common share:      
Basic earnings per common share (in dollars per share) $ 0.45 $ 2.17 $ 2.27
Diluted earnings per common share (in dollars per share) 0.45 2.17 2.27
Cash dividends per common share (in dollars per share) $ 0.48 $ 0.48 $ 0.48