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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Interest and dividend income:        
Loans, including fees $ 37,701 $ 35,337 $ 106,813 $ 105,730
Loans accounted for under the fair value option 64 141 260 518
Investment securities 1,387 708 2,887 1,962
Interest-bearing deposits in other financial institutions 3,468 1,770 7,086 5,998
Dividends, restricted stock 154 134 437 334
Total interest and dividend income 42,774 38,090 117,483 114,542
Interest expense:        
Deposits 22,177 21,150 58,901 62,620
Other borrowed funds 1,143 1,372 3,791 4,506
Total interest expense 23,320 22,522 62,692 67,126
Net interest income 19,454 15,568 54,791 47,416
Less: Provision for credit losses 2,257 501 4,110 2,907
Net interest income, after provision for credit losses 17,197 15,067 50,681 44,509
Non-interest income:        
Trust and investment management fees 4,629 4,728 13,818 14,533
Net gain on mortgage loans 1,394 1,451 3,648 4,535
Net gain on loans held for sale 0 0 222 117
Bank fees 312 392 1,027 1,610
Risk management and insurance fees 193 367 499 525
Income on company-owned life insurance 116 108 338 319
Net gain (loss) on loans accounted for under the fair value option 18 (233) 50 (850)
Net gain on other real estate owned 0 0 459 0
Unrealized gain recognized on equity securities 6 24 20 16
Other 174 135 411 416
Total non-interest income 6,842 6,972 20,492 21,221
Total income before non-interest expense 24,039 22,039 71,173 65,730
Non-interest expense:        
Salaries and employee benefits 11,884 11,439 34,383 33,803
Occupancy and equipment 2,084 2,126 6,518 6,182
Professional services 1,894 1,893 5,453 6,130
Technology and information systems 1,055 1,045 3,163 3,097
Data processing 1,251 1,101 3,539 3,150
Marketing 351 374 834 811
Amortization of other intangible assets 51 57 154 170
Other 1,504 1,333 4,490 4,722
Total non-interest expense 20,074 19,368 58,534 58,065
Income before income taxes 3,965 2,671 12,639 7,665
Income tax expense 779 537 2,765 1,940
Net income available to common shareholders $ 3,186 $ 2,134 $ 9,874 $ 5,725
Earnings per common share:        
Basic (in USD per share) $ 0.33 $ 0.22 $ 1.02 $ 0.59
Diluted (in USD per share) $ 0.32 $ 0.22 $ 1.00 $ 0.59