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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest and dividend income:    
Loans, including fees $ 34,068 $ 35,139
Loans accounted for under the fair value option 111 209
Investment securities 681 603
Interest-bearing deposits in other financial institutions 2,221 2,352
Dividends, restricted stock 128 95
Total interest and dividend income 37,209 38,398
Interest expense:    
Deposits 18,516 20,622
Other borrowed funds 1,240 1,706
Total interest expense 19,756 22,328
Net interest income 17,453 16,070
Less: Provision for credit losses 80 72
Net interest income, after provision for credit losses 17,373 15,998
Non-interest income:    
Trust and investment management fees 4,677 4,930
Net gain on mortgage loans 1,067 1,264
Net gain on loans held for sale 222 117
Bank fees 422 891
Risk management and insurance fees 259 49
Income on company-owned life insurance 110 105
Net gain (loss) on loans accounted for under the fair value option 6 (302)
Net gain on other real estate owned 459 0
Unrealized gain (loss) recognized on equity securities 11 (6)
Other 112 229
Total non-interest income 7,345 7,277
Total income before non-interest expense 24,718 23,275
Non-interest expense:    
Salaries and employee benefits 11,480 11,267
Occupancy and equipment 2,210 1,976
Professional services 1,704 2,411
Technology and information systems 1,078 1,010
Data processing 1,122 948
Marketing 216 194
Amortization of other intangible assets 51 57
Other 1,500 1,833
Total non-interest expense 19,361 19,696
Income before income taxes 5,357 3,579
Income tax expense 1,172 1,064
Net income available to common shareholders $ 4,185 $ 2,515
Earnings per common share:    
Basic (in USD per share) $ 0.43 $ 0.26
Diluted (in USD per share) $ 0.43 $ 0.26