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Condensed 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:        
Interest and fees on loans $ 23,635 $ 15,635 $ 54,643 $ 45,639
Interest on investment securities 4,934 4,481 13,948 13,412
Other 1,228 1,746 2,429 3,998
Total interest income 29,797 21,862 71,020 63,049
Interest Expense:        
Interest on deposits 3,884 1,571 8,064 4,074
Interest on borrowings 422 1,413 713 4,210
Other 317 8 347 33
Total interest expense 4,623 2,992 9,124 8,317
Net interest income before provision for (recovery of) credit losses 25,174 18,870 61,896 54,732
Provision for (Recovery of) Credit Losses 5,373 (400) 6,483 1,346
Net interest income after provision for (recovery of) credit losses 19,801 19,270 55,413 53,386
Non-Interest Income:        
Interchange revenue 912 818 2,386 2,340
Service charges 816 766 2,303 2,224
Net (loss) gain on sale of investment securities (374) 9 (371) (19,817)
Gain on sale of buildings 0 0 0 19,854
Other 894 644 3,504 1,978
Total non-interest income 2,248 2,237 7,822 6,579
Non-Interest Expenses:        
Salaries and employee benefits 7,418 5,481 18,851 16,129
Occupancy and equipment 2,471 1,988 6,535 5,627
Other 5,245 3,355 12,226 9,861
Total non-interest expenses 15,134 10,824 37,612 31,617
Income before provision for income taxes 6,915 10,683 25,623 28,348
Provision for Income Taxes 1,769 2,853 6,977 7,478
Net income $ 5,146 $ 7,830 $ 18,646 $ 20,870
Basic earnings per share (in dollars per share) $ 0.74 $ 1.33 $ 2.98 $ 3.54
Diluted earnings per share (in dollars per share) $ 0.73 $ 1.31 $ 2.94 $ 3.5