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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ 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 $ 23,060 $ 21,018 $ 67,109 $ 60,457
Interest on investment securities: Taxable 1,826 1,647 5,365 5,088
Interest on investment securities: Exempt from federal income tax 57 56 159 162
Total investment income 1,883 1,703 5,524 5,250
Other 819 536 2,062 2,561
Total interest income 25,762 23,257 74,695 68,268
Interest expense        
Savings 43 45 131 138
Interest-bearing transaction accounts 5,343 5,397 15,647 15,109
Time deposits 1,623 1,137 4,702 3,996
Total interest on deposits 7,009 6,579 20,480 19,243
Interest on short-term borrowings 17 467 58 1,437
Interest on long-term borrowings 1,333 983 4,031 3,310
Total Interest Expense 8,359 8,029 24,569 23,990
Net Interest income 17,403 15,228 50,126 44,278
Credit loss expense - loans 480 195 1,865 2,407
Credit loss expense - debt securities held to maturity 43 14 43 14
Credit loss expense/(credit) - off-balance sheet credit exposures (13) 55 118 (17)
Total credit loss expense 510 264 2,026 2,404
Net interest income after provision for credit losses 16,893 14,964 48,100 41,874
Other operating income        
Net gains on investments, available for sale 97   97  
Net gains on sales of residential mortgage loans 163 141 401 282
Net gains on disposal of fixed assets 1   1  
Net gains 261 141 499 282
Total other income 5,074 4,912 14,836 14,487
Total other operating income 5,335 5,053 15,335 14,769
Other operating expenses        
Salaries and employee benefits 7,589 7,160 22,239 21,573
FDIC premiums 266 256 778 810
Equipment expense 515 627 1,658 2,185
Occupancy expense of premises 679 709 2,043 2,315
Data processing expense 1,517 1,333 4,620 4,073
Marketing expense 182 151 616 469
Professional services 639 477 1,704 1,412
Contract labor 127 149 456 416
Telephone 89 97 283 309
Other real estate owned expense, net 69 124 369 224
Investor relations 57 84 251 228
Contributions 90 65 224 181
Other 1,167 1,082 3,295 3,364
Total other operating expenses 12,986 12,314 38,536 37,559
Income before income tax expense 9,242 7,703 24,899 19,084
Provision for income tax expense 2,294 1,932 6,161 4,701
Net Income $ 6,948 $ 5,771 $ 18,738 $ 14,383
Basic net income per share (in dollars per share) $ 1.07 $ 0.89 $ 2.89 $ 2.2
Diluted net income per share (in dollars per share) $ 1.07 $ 0.89 $ 2.88 $ 2.19
Weighted average number of basic shares outstanding (in shares) 6,496 6,468 6,487 6,546
Weighted average number of diluted shares outstanding (in shares) 6,508 6,482 6,501 6,558
Dividends declared per share $ 0.26 $ 0.22 $ 0.7 $ 0.62
Service charges on deposit accounts        
Other operating income        
Total other income $ 563 $ 555 $ 1,687 $ 1,667
Other service charges        
Other operating income        
Total other income 218 236 638 676
Trust department        
Other operating income        
Total other income 2,448 2,328 7,157 6,771
Debit card income        
Other operating income        
Total other income 980 1,000 2,884 2,931
Bank owned life insurance        
Other operating income        
Total other income 355 340 1,045 1,000
Brokerage commissions        
Other operating income        
Total other income 346 297 1,137 1,154
Other        
Other operating income        
Total other income $ 164 $ 156 $ 288 $ 288