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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest and dividend income        
Loans, including fees $ 31,634 $ 28,518 $ 61,783 $ 53,945
Taxable securities 9,295 12,787 18,435 26,090
Tax-exempt securities 1,577 1,592 3,153 3,581
Federal funds sold and other 211 598 799 839
Total interest income 42,717 43,495 84,170 84,455
Interest expense        
Deposits 9,326 11,032 18,697 20,676
Federal funds purchased and repurchase agreements 596 68 667 354
Federal Home Loan Bank advances 1,057 1,040 1,873 2,167
Long-term debt 430 430 860 861
Subordinated debentures 655 755 1,308 1,510
Total interest expense 12,064 13,325 23,405 25,568
Net interest income 30,653 30,170 60,765 58,887
Credit loss expense - loans 1,210 921 3,171 1,018
Credit loss (benefit) expense - unfunded commitments (10) (20) 100 10
Net interest income after credit loss expense 29,453 29,269 57,494 57,859
Noninterest income        
Net gain (loss) on sale of securities available-for-sale 1   124 (2,883)
Net (loss) gain on sale of fixed assets (19)   (22) 3,799
Increase in cash surrender value of life insurance 1,316 523 1,051 1,738
Other income 1,400 923 2,606 1,656
Total noninterest income 8,553 7,630 15,195 16,219
Noninterest expense        
Salaries and employee benefits 12,544 12,029 25,547 25,226
Occupancy and equipment costs 3,142 3,152 6,120 6,177
Other 8,081 7,511 14,517 15,815
Total noninterest expense 23,767 22,692 46,184 47,218
Income before taxes 14,239 14,207 26,505 26,860
Provision for income taxes 3,606 3,944 6,771 7,267
Net income $ 10,633 $ 10,263 $ 19,734 $ 19,593
PER SHARE DATA        
Book value (in dollars per share) $ 26 $ 24.19 $ 26 $ 24.19
Cash dividends (in dollars per share) 0.25 0.23 0.5 0.46
Earnings per share, basic (in dollars per share) 0.78 0.72 1.44 1.36
Earnings per share, diluted (in dollars per share) $ 0.78 $ 0.71 $ 1.43 $ 1.35
Average shares outstanding, basic (in shares) 13,563,910 14,300,267 13,692,003 14,404,368
Average shares outstanding, diluted (in shares) 13,637,252 14,381,426 13,777,006 14,467,477
Total shareholders' equity (in thousands) $ 355,707 $ 350,020 $ 355,707 $ 350,020
Shares outstanding 13,681,828 14,466,873 13,681,828 14,466,873
Dividends paid (in thousands) $ 3,449 $ 3,352 $ 6,963 $ 6,748
Service charges and fees on deposit accounts        
Noninterest income        
Service charges and fees on deposit accounts $ 5,855 $ 6,184 $ 11,436 $ 11,909