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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
INTEREST INCOME:      
Interest and fees on loans $ 96,477 $ 71,894 $ 59,247
With a readily determinable fair value 38 43 56
Without a readily determinable fair value 146 132 29
Taxable 4,847 5,235 5,027
Non-taxable 607 688 753
Other investments 2,900 1,607 641
TOTAL INTEREST INCOME 105,015 79,599 65,753
INTEREST EXPENSE:      
Interest on deposits 35,838 16,571 3,682
Interest on short-term borrowings 1,117 4,060 416
Interest on long-term debt 7,265 2,619 613
TOTAL INTEREST EXPENSE 44,220 23,250 4,711
NET INTEREST INCOME 60,795 56,349 61,042
PROVISION FOR CREDIT LOSSES 1,962 2,077 250
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 58,833 54,272 60,792
NON-INTEREST INCOME:      
Net losses on sales of debt securities, available-for-sale (214) 0 0
Bank owned life insurance income 1,665 1,136 1,074
Net gains from sales of loans 3,433 697 196
Other operating income 316 631 360
TOTAL NON-INTEREST INCOME 20,404 15,411 14,288
NON-INTEREST EXPENSE:      
Salaries and employee benefits 35,170 29,108 28,483
Equipment expenses 1,584 1,616 1,629
Occupancy expense, net 3,725 3,301 3,067
State financial institutions tax 1,881 1,628 1,740
Marketing 1,047 1,101 1,184
Amortization of intangibles 1,142 532 478
FDIC insurance premiums, net 1,895 932 530
Computer maintenance and supplies 1,425 1,358 1,114
Contracted services 3,212 2,776 2,503
Other real estate owned 5 4 (866)
Merger-related expenses 3,442 4,656 0
Other non-interest expense 8,748 7,411 8,272
TOTAL NON-INTEREST EXPENSE 63,276 54,423 48,134
INCOME BEFORE INCOME TAXES 15,961 15,260 26,946
Income Tax Expense (Benefit) 2,469 2,632 4,818
NET INCOME $ 13,492 $ 12,628 $ 22,128
Earnings per common share:      
Basic (in dollars per share) $ 0.97 $ 1.1 $ 1.93
Diluted (in dollars per share) $ 0.97 $ 1.1 $ 1.93
Weighted average common shares outstanding:      
Basic (in shares) 13,764,985 11,417,857 11,410,981
Diluted (in shares) 13,764,985 11,417,857 11,410,981
Fiduciary and Trust [Member]      
NON-INTEREST INCOME:      
Revenue $ 8,445 $ 7,091 $ 6,468
Deposit Account [Member]      
NON-INTEREST INCOME:      
Revenue $ 6,759 $ 5,856 $ 6,190