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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Interest income:      
Interest and fees on loans $ 159,889 $ 130,166 $ 69,803
Interest on deposits in other banks 4,178 4,355 3,576
Interest and dividends on investment securities:      
Taxable 16,481 20,384 23,437
Exempt from Federal income taxes 5,162 5,483 5,602
Total interest income 185,710 160,388 102,418
Interest expense:      
Interest on deposits 42,631 40,666 15,527
Interest on short-term borrowings 3,308 5,690 810
Interest on senior debt and subordinated debentures 3,591 3,665 3,652
Total interest expense 49,530 50,021 19,989
Net interest income before provision for credit losses 136,180 110,367 82,429
Provision for credit losses 3,754 11,113 309
Net interest income after provision for credit losses 132,426 99,254 82,120
Non-interest income:      
Service charges 2,028 1,798 1,503
Interchange fees 1,948 2,078 1,780
Appreciation in cash surrender value of bank owned life insurance 1,497 1,325 1,035
Federal Home Loan Bank dividends 960 796 498
Loan placement fees 844 1,184 584
Gain on proceeds from death benefits 198 0 0
Net realized (loss) gain on sale and disposal of equipment (40) 7 402
Net realized losses on sales and calls of investment securities (41) (4,199) (907)
Other income 3,094 3,456 2,125
Total non-interest income 10,488 6,445 7,020
Non-interest expenses:      
Salaries and employee benefits 49,841 48,470 31,367
Occupancy and equipment 11,430 9,479 5,726
Information technology 7,137 5,940 3,616
Data processing expense 3,160 3,748 2,621
Professional services 2,390 2,825 2,234
Regulatory assessments 1,994 1,837 1,312
ATM/Debit card expenses 1,589 1,750 757
Amortization of core deposit intangibles 1,002 751 68
Advertising 929 854 542
Directors’ expenses 912 752 614
Loan related expenses 839 802 478
Merger and acquisition expense 798 9,614 1,191
Personnel other 313 345 404
Other expense 8,052 7,534 4,370
Total non-interest expenses 90,386 94,701 55,300
Income before provision for income taxes 52,528 10,998 33,840
Provision for income taxes 14,360 3,332 8,304
Net income $ 38,168 $ 7,666 $ 25,536
Net income per common share:      
Basic earnings per common share (in dollars per share) $ 2.01 $ 0.45 $ 2.17
Diluted earnings per common share (in dollars per share) 2.00 0.45 2.17
Cash dividends per common share (in dollars per share) $ 0.48 $ 0.48 $ 0.48