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Consolidated Condensed Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
INTEREST INCOME:        
Interest and fees on loans $ 23,838 $ 24,836 $ 47,019 $ 47,518
With a readily determinable fair value 11 9 21 18
Without a readily determinable fair value 25 30 54 61
Taxable 1,213 1,183 2,469 2,415
Non-taxable 161 145 307 288
Other investments 691 762 1,385 1,423
TOTAL INTEREST INCOME 25,939 26,965 51,255 51,723
INTEREST EXPENSE:        
Interest on deposits 7,119 9,690 14,678 17,880
Interest on short-term borrowings 1 181 2 1,116
Interest on long-term debt 1,278 1,877 2,735 3,615
TOTAL INTEREST EXPENSE 8,398 11,748 17,415 22,611
NET INTEREST INCOME 17,541 15,217 33,840 29,112
PROVISION FOR CREDIT LOSSES 18 528 215 653
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 17,523 14,689 33,625 28,459
NON-INTEREST INCOME:        
Net losses from sales of debt securities, available-for-sale 0 0 0 (214)
Bank-owned life insurance income 353 341 699 659
Net gains from sales of loans 615 50 1,456 572
Other operating income 134 85 239 31
TOTAL NON-INTEREST INCOME 5,248 4,080 10,470 8,009
NON-INTEREST EXPENSE:        
Salaries and employee benefits 8,872 9,006 18,044 17,560
Equipment expenses 371 395 753 785
Occupancy expense, net 1,022 944 2,032 1,949
State financial institutions tax 449 476 902 904
Marketing 281 210 596 384
Amortization of intangibles 301 298 598 534
FDIC insurance premiums, net 380 394 790 898
Contracted services 859 844 1,729 1,628
Merger-related expenses 140 2,320 140 3,095
Other non-interest expense 2,892 2,938 5,792 5,560
TOTAL NON-INTEREST EXPENSE 15,567 17,825 31,376 33,297
INCOME BEFORE INCOME TAXES 7,204 944 12,719 3,171
Income Tax Expense (Benefit) 1,285 19 2,191 331
NET INCOME $ 5,919 $ 925 $ 10,528 $ 2,840
Earnings per common share:        
Basic (in dollars per share) $ 0.41 $ 0.07 $ 0.74 $ 0.21
Diluted (in dollars per share) $ 0.41 $ 0.07 $ 0.74 $ 0.21
Weighted average common shares outstanding:        
Basic (in shares) 14,085,764 13,948,671 14,070,417 13,526,261
Diluted (in shares) 14,085,764 13,948,671 14,070,417 13,526,261
Fiduciary and Trust [Member]        
NON-INTEREST INCOME:        
Revenue $ 2,262 $ 2,067 $ 4,426 $ 4,040
Deposit Account [Member]        
NON-INTEREST INCOME:        
Revenue $ 1,884 $ 1,537 $ 3,650 $ 2,921