XML 19 R5.htm IDEA: XBRL DOCUMENT v3.25.4
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Interest income      
Loans $ 259,840 $ 233,844 $ 192,337
Securities – taxable 34,950 26,742 17,189
Securities – non-taxable 2,618 3,775 3,532
Other earning assets 22,749 27,526 26,384
Total interest income 320,157 291,887 239,442
Interest expense      
Deposits 188,390 183,150 143,363
Other borrowed funds 18,007 21,360 21,175
Total interest expense 206,397 204,510 164,538
Interest Income (Expense), Operating, Total 113,760 87,377 74,904
Provision for credit losses - loans 71,921 18,815 15,454
Benefit for credit losses - debt securities held-to-maturity (53) (139) (42)
Provision (benefit) for credit losses - off-balance sheet commitments 446 (1,606) 1,241
Net interest income after provision for credit losses 41,446 70,307 58,251
Noninterest income      
(Loss) gain on sale of loans (8,313) 33,329 20,526
Other 6,395 9,406 2,302
Total noninterest income 2,712 47,345 26,125
Noninterest expense      
Salaries and employee benefits 51,026 51,756 45,322
Marketing, advertising and promotion 2,475 2,589 2,567
Consulting and professional fees 4,327 3,744 3,082
Data processing 2,654 2,448 2,373
Loan expenses 6,714 5,947 5,756
Premises and equipment 13,673 11,902 10,599
Deposit insurance premium 6,109 5,000 3,880
Other 8,049 6,724 5,857
Total noninterest expense 95,027 90,110 79,436
(Loss) Income Before Income Taxes (50,869) 27,542 4,940
Income Tax (Benefit) Provision (15,701) 2,266 (3,477)
Net (Loss) Income $ (35,168) $ 25,276 $ 8,417
Income Per Share of Common Stock (in dollars per share)      
Basic (in dollars per share) $ (4.03) $ 2.91 $ 0.95
Diluted (in dollars per share) $ (4.03) $ 2.88 $ 0.95
Weighted-average number of common shares outstanding      
Basic (shares) 8,729,970 8,690,416 8,837,558
Diluted (shares) 8,729,970 8,765,725 8,858,890
Dividends Declared Per Share (in dollars per share) $ 0.24 $ 0.24 $ 0.24
Service charges and fees      
Noninterest income      
Noninterest income $ 1,366 $ 959 $ 851
Loan servicing revenue      
Noninterest income      
Noninterest income 8,730 6,188 3,833
Loan servicing asset revaluation      
Noninterest income      
Noninterest income (5,466) (2,537) (1,463)
Mortgage banking activities      
Noninterest income      
Noninterest income $ 0 $ 0 $ 76