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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest income        
Loans $ 48,992 $ 46,545 $ 96,077 $ 92,150
Investment securities 1,357 1,418 2,760 2,896
Federal funds sold and interest-bearing deposits with banks 1,969 2,583 3,128 3,863
Total interest income 52,318 50,546 101,965 98,909
Interest expense        
Deposits 24,300 28,216 47,869 55,148
Borrowings 2,723 2,802 5,418 5,588
Total interest expense 27,023 31,018 53,287 60,736
Net interest income 25,295 19,528 48,678 38,173
Provision for credit losses 700 500 1,450 325
Net interest income after provision for credit losses 24,595 19,028 47,228 37,848
Noninterest income        
Mortgage banking income 1,569 1,923 2,993 3,087
Service fees on deposit accounts 567 416 1,106 810
ATM and debit card income 586 587 1,138 1,131
Income from bank owned life insurance 413 384 816 762
Other income 199 213 394 397
Total noninterest income 3,334 3,523 6,447 6,187
Noninterest expenses        
Compensation and benefits 11,674 11,290 22,978 22,147
Occupancy 2,523 2,552 5,071 5,109
Outside service and data processing 2,189 1,962 4,226 3,808
Insurance 910 965 1,919 1,920
Professional fees 609 582 1,118 1,200
Marketing 397 389 771 758
Other 1,034 903 2,088 1,801
Total noninterest expenses 19,336 18,643 38,171 36,743
Income before income tax expense 8,593 3,908 15,504 7,292
Income tax expense 2,012 909 3,657 1,771
Net income $ 6,581 $ 2,999 $ 11,847 $ 5,521
Earnings per common share        
Basic $ 0.81 $ 0.37 $ 1.46 $ 0.68
Diluted $ 0.81 $ 0.37 $ 1.46 $ 0.68
Weighted average common shares outstanding        
Basic 8,118,895 8,125,869 8,098,737 8,118,059
Diluted 8,133,789 8,140,822 8,122,215 8,141,371