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Quarterly Information (Tables)

12 Months Ended

Dec. 31, 2024

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Information

The following tables provide unaudited financial information by quarter for each of the past two years:


Dollars in thousands except per share data			2023Q1			2023Q2			2023Q3			2023Q4			2024Q1			2024Q2			2024Q3			2024Q4
Balance Sheets
Cash and cash equivalents			$	27,458		$	25,077		$	29,894		$	31,942		$	23,875		$	27,816		$	35,136		$	27,636
Interest-bearing deposits in other banks			2,773			3,978			38,366			3,488			2,911			33,133			17,199			22,100
Investments			680,087			668,342			672,346			667,288			653,904			651,023			662,656			644,384
Restricted equity securities			3,874			5,227			3,860			3,385			5,933			7,110			6,420			7,203
Net loans and loans held for sale			1,959,389			2,037,488			2,056,806			2,105,424			2,149,539			2,222,977			2,283,254			2,316,069
Other assets			138,239			134,703			142,867			135,171			142,008			142,885			137,898			139,618
Total assets			$	2,811,820		$	2,874,815		$	2,944,139		$	2,946,698		$	2,978,170		$	3,084,944		$	3,142,563		$	3,157,010
Deposits			$	2,466,701		$	2,499,862		$	2,599,937		$	2,599,662		$	2,548,988		$	2,578,080		$	2,702,718		$	2,725,251
Borrowed funds			83,881			114,481			82,993			69,652			154,779			230,620			151,027			146,278
Other liabilities			32,777			28,469			34,544			34,305			31,779			31,576			32,035			32,988
Shareholders' equity			228,461			232,003			226,665			243,079			242,624			244,668			256,783			252,493
Total liabilities & equity			$	2,811,820		$	2,874,815		$	2,944,139		$	2,946,698		$	2,978,170		$	3,084,944		$	3,142,563		$	3,157,010
Income and Comprehensive Income Statements
Interest income			$	28,914		$	31,184		$	33,254		$	34,822		$	34,988		$	36,558		$	38,287		$	38,999
Interest expense			11,439			15,259			17,300			18,969			20,108			21,483			21,885			21,446
Net interest income			17,475			15,925			15,954			15,853			14,880			15,075			16,402			17,553
Credit loss (reduction) expense			550			151			(200)			683			(513)			512			(638)			1,164
Net interest income after credit loss (reduction) expense			16,925			15,774			16,154			15,170			15,393			14,563			17,040			16,389
Non-interest income			3,569			3,870			3,891			4,107			3,640			4,157			4,122			4,436
Non-interest expense			10,850			10,715			11,006			11,187			11,761			11,250			12,000			12,145
Income before taxes			9,644			8,929			9,039			8,090			7,272			7,470			9,162			8,680
Income taxes			1,673			1,535			1,565			1,411			1,251			1,299			1,591			1,398
Net income			$	7,971		$	7,394		$	7,474		$	6,679		$	6,021		$	6,171		$	7,571		$	7,282
Basic earnings per share			$	0.73		$	0.67		$	0.68		$	0.60		$	0.55		$	0.56		$	0.69		$	0.65
Diluted earnings per share			$	0.72		$	0.67		$	0.67		$	0.60		$	0.54		$	0.55		$	0.68		$	0.66
Other comprehensive income (loss), net of tax
Net unrealized gain (loss) on securities available for sale			$	4,181		$	(3,244)		$	(10,071)		$	14,277		$	(3,241)		$	(553)		$	8,975		$	(8,277)
Net unrealized gain on securities transferred from available for sale to held to maturity			4			1			1			2			2			3			2			2
Net unrealized gain (loss) on cash flow hedging derivative instruments			(2,736)			2,872			730			(1,110)			435			(2)			(869)			293
Unrecognized gain (loss) on postretirement benefit costs			—			—			—			30			—			—			—			(16)
Other comprehensive income (loss)			$	1,449		$	(371)		$	(9,340)		$	13,199		$	(2,804)		$	(552)		$	8,108		$	(7,998)
Comprehensive income (loss)			$	9,420		$	7,023		$	(1,866)		$	19,878		$	3,217		$	5,619		$	15,679		$	(716)