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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Loans $ 25,875 $ 25,601 $ 50,953 $ 50,085
Mortgage-related securities 1,253 1,125 2,444 2,223
Debt securities, federal funds sold and short-term investments 1,557 1,294 3,043 2,617
Total interest income 28,685 28,020 56,440 54,925
Interest expense:        
Deposits 10,967 9,716 22,299 18,686
Borrowings 4,010 7,625 7,857 14,423
Total interest expense 14,977 17,341 30,156 33,109
Net interest income 13,708 10,679 26,284 21,816
Provision (credit) for credit losses (9) (225) (567) (158)
Net interest income after provision (credit) for credit losses 13,717 10,904 26,851 21,974
Noninterest income:        
Service charges on loans and deposits 413 465 1,006 889
Increase in cash surrender value of life insurance 1,014 804 1,495 1,152
Mortgage banking income 22,559 24,838 38,287 44,906
Other 343 390 638 798
Total noninterest income 24,329 26,497 41,426 47,745
Noninterest expenses:        
Compensation, payroll taxes, and other employee benefits 21,121 21,762 38,168 41,638
Occupancy, office furniture, and equipment 1,753 2,029 3,682 4,137
Advertising 746 987 1,469 1,901
Data processing 1,313 1,242 2,525 2,448
Communications 257 240 492 466
Professional fees 500 758 2,236 1,501
Real estate owned (8) 1 (18) 14
Loan processing expense 817 861 1,737 1,907
Other 1,878 2,379 4,436 3,797
Total noninterest expenses 28,377 30,259 54,727 57,809
Income before income taxes 9,669 7,142 13,550 11,910
Income tax expense 1,942 1,430 2,787 3,160
Net income $ 7,727 $ 5,712 $ 10,763 $ 8,750
Income per share:        
Basic earnings per share (in dollars per share) $ 0.43 $ 0.31 $ 0.59 $ 0.47
Diluted earnings per share (in dollars per share) $ 0.43 $ 0.31 $ 0.59 $ 0.47
Weighted average shares outstanding:        
Basic (in shares) 17,989 18,524 18,127 18,772
Diluted (in shares) 18,004 18,568 18,143 18,802