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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, including fees $ 31,535 $ 28,501 $ 89,872 $ 83,202
Investment securities 4,518 5,248 14,893 15,816
Deposits with other banks and short term investments 839 855 4,487 2,232
Total interest income 36,892 34,604 109,252 101,250
Interest expense        
Deposits 11,332 13,154 34,737 37,351
Federal Home Loan Bank advances 1,909 1,913 5,671 5,306
Other borrowings 952 996 2,808 2,989
Total interest expense 14,193 16,063 43,216 45,646
Net interest income 22,699 18,541 66,036 55,604
Provision for credit losses 900 750 2,850 2,400
Net interest income after provision for credit losses 21,799 17,791 63,186 53,204
Noninterest income        
Gain on sales of SBA loans 1,411 2,227 3,996 6,620
Loss on sales of securities (1,039) (454) (1,039) (1,434)
BOLI Income 396 383 1,215 1,313
Insurance commissions 874 433 2,109 1,318
Other 1,685 1,117 4,223 3,414
Total noninterest income 10,091 10,082 29,233 29,066
Noninterest expense        
Salaries and employee benefits 13,532 12,594 38,302 36,890
Occupancy and equipment 1,732 1,523 4,995 4,504
Acquisition related expenses 732 0 732 0
Information technology expense 2,680 2,150 7,749 6,487
Professional fees 998 748 2,488 2,286
Advertising and public relations 1,130 965 2,877 2,891
Communications 218 210 611 652
Other 3,590 2,645 9,083 7,852
Total noninterest expense 24,612 20,835 66,837 61,562
Income before income taxes 7,278 7,038 25,582 20,708
Income taxes 1,459 1,409 5,172 4,272
Net income $ 5,819 $ 5,629 $ 20,410 $ 16,436
Earnings per common share:        
Basic (in dollars per share) $ 0.33 $ 0.32 $ 1.17 $ 0.94
Diluted (in dollars per share) 0.33 0.32 1.17 0.94
Dividends declared per share (in dollars per share) $ 0.1150 $ 0.1125 $ 0.3450 $ 0.3375
Weighted average common shares outstanding:        
Basic (in shares) 17,461,434 17,587,902 17,472,972 17,566,452
Diluted (in shares) 17,461,434 17,587,902 17,472,972 17,566,452
Service charges on deposits        
Noninterest income        
Noninterest income $ 2,640 $ 2,401 $ 7,031 $ 7,063
Mortgage fee income        
Noninterest income        
Noninterest income 1,851 1,812 5,414 4,503
Interchange fees        
Noninterest income        
Noninterest income $ 2,273 $ 2,163 $ 6,284 $ 6,269