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Basis of Presentation (Tables) | 3 Months Ended
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Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Segment Revenue, Profit or Loss, Significant Segment Expenses and Other Segment Items |
Segment revenue, profit or loss, significant segment expenses and other segment items | Three months ended
(in thousands) | March 31, 2025 | December 31, 2024 | March 31, 2024
Community banking segment: |  |  |
Interest income | $ | 35,239 |  | $ | 36,476 |  | $ | 34,146 |
Non-interest income | 2,311 |  | 2,177 |  | 2,201 |
Reconciliation of income |  |  |
All other income 1 | 563 |  | 576 |  | 553 |
Total consolidated income | 38,113 |  | 39,229 |  | 36,900 |
Less:2 |  |  |
Total interest expense | 10,293 |  | 11,246 |  | 11,452 |
Provision for credit losses on loans | 75 |  | — |  | 350 |
Provision for credit losses on unfunded loan commitments | — |  | — |  | — |
Non-interest expense |  |  |
Salaries and related benefits | 11,838 |  | 9,235 |  | 11,838 |
Occupancy and equipment | 2,106 |  | 2,127 |  | 1,968 |
Data processing | 1,079 |  | 1,030 |  | 1,070 |
Deposit network fees | 932 |  | 838 |  | 798 |
Information technology | 413 |  | 432 |  | 402 |
Charitable contributions | 403 |  | 30 |  | 12 |
Federal Deposit Insurance Corporation insurance | 388 |  | 420 |  | 435 |
Professional services | 784 |  | 968 |  | 951 |
Depreciation and amortization | 322 |  | 341 |  | 388 |
Directors' expense | 304 |  | 297 |  | 317 |
Amortization of core deposit intangible | 227 |  | 237 |  | 251 |
Other real estate owned | — |  | — |  | — |
Other expense | 2,036 |  | 1,965 |  | 2,303 |
Segment income | 6,913 |  | 10,063 |  | 4,365 |
Reconciliation of segment income |  |  |
All other loss 1 | 432 |  | 418 |  | 436 |
Income before income taxes | $ | 6,481 |  | $ | 9,645 |  | $ | 3,929 |
1 Other income and loss from segment below the quantitative thresholds are attributable to one operating segment of the Bank, the Wealth Management and Trust Services, which does not meet the quantitative thresholds for presenting reportable segments. Expenses of Wealth Management and Trust Services are comprised of salary and employee benefits, professional services, data processing, occupancy and equipment and other expenses totaling $432 thousand, $418 thousand, and $436 thousand, for the periods presented above, respectively
2 The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker.
Schedule of Earnings Per Share Reconciliation |
| Three months ended |  |
(in thousands, except per share data) | March 31, 2025 | March 31, 2024 |  |  |
Weighted average basic common shares outstanding | 15,977 |  | 16,081 |  |  |  |
Potentially dilutive common shares related to: |  |  |  |  |
Stock options | — |  | — |  |  |  |
Unvested restricted stock awards | 25 |  | 11 |  |  |  |
Weighted average diluted common shares outstanding | 16,002 |  | 16,092 |  |  |  |
Net income (loss) | $ | 4,876 |  | $ | 2,922 |  |  |  |
Basic earnings (loss) per common share | $ | 0.31 |  | $ | 0.18 |  |  |  |
Diluted earnings (loss) per common share | $ | 0.30 |  | $ | 0.18 |  |  |  |
Weighted average anti-dilutive common shares not included in the calculation of diluted EPS | 274 |  | 340 |  |  |  |

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