XML 14 R4.htm IDEA: XBRL DOCUMENT v3.25.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest income:    
Interest and fees on loans $ 31,476 $ 28,083
Interest and dividends on investments 288 249
Interest on deposits with banks 2,082 1,145
Total interest income 33,846 29,477
Interest expense:    
Interest on deposits 15,169 13,457
Interest on borrowings 2,070 1,966
Total interest expense 17,239 15,423
Net interest income 16,607 14,054
Provision for credit losses 590 204
Net interest income after provision for credit losses 16,017 13,850
Non-interest income    
Service fees on deposit accounts 308 379
Other loan fees 178 238
Bank owned life insurance income 165 160
Other 170 285
Total non-interest income 821 1,062
Non-interest expense    
Compensation and benefits 3,291 3,218
Professional services 714 445
Occupancy and equipment 687 641
Data processing 421 366
FDIC insurance and other assessments 350 331
OREO expense 127 353
Other operating expense 948 1,181
Total non-interest expense 6,538 6,535
Income before income tax expense 10,300 8,377
Income tax expense 2,522 2,226
Net income attributable to Company 7,778 6,151
Less: Preferred stock dividend (5) (6)
Net income available to common shareholders $ 7,773 $ 6,145
Earnings per common share    
Basic (in dollars per share) $ 0.66 $ 0.51
Diluted (in dollars per share) $ 0.65 $ 0.51
Weighted average common shares outstanding    
Basic (in shares) 11,836,384 11,958,776
Diluted (in shares) 12,006,965 12,138,613