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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands
3 Months Ended
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2025
Interest income      
Interest and fees on loans $ 26,534,000 $ 27,128,000 $ 25,183,000
Interest on investment securities 13,869,000 11,937,000 8,261,000
Interest on due from banks 2,392,000 2,767,000 1,795,000
Total interest income 42,795,000 41,832,000 35,239,000
Interest expense      
Interest on interest-bearing transaction accounts 2,039,000 1,591,000 1,161,000
Interest on savings accounts 577,000 609,000 533,000
Interest on money market accounts 7,821,000 7,961,000 7,626,000
Interest on time accounts 1,242,000 1,516,000 1,790,000
Interest on borrowings and other obligations 6,000 6,000 1,000
Interest on subordinated notes 808,000 368,000 0
Total interest expense 12,493,000 12,051,000 11,111,000
Net interest income 30,302,000 29,781,000 24,128,000
Provision for credit losses on loans 0 300,000 75,000
Provision for credit losses on unfunded loan commitments 0 185,000 0
Net interest income after provision for credit losses 30,302,000 29,296,000 24,053,000
Non-interest income      
Dividends on Federal Home Loan Bank stock 855,000 372,000 375,000
Earnings on bank-owned life insurance, net 487,000 440,000 476,000
Earnings on bank-owned life insurance death benefits 479,000 0 68,000
Losses on sale of investment securities 0 (69,466,000) 0
Other income 374,000 385,000 352,000
Total non-interest income (loss) 3,834,000 (66,648,000) 2,874,000
Non-interest expense      
Salaries and related benefits 13,394,000 11,359,000 12,050,000
Occupancy and equipment 2,099,000 2,098,000 2,106,000
Data processing 1,228,000 127,000 114,000
Professional services 1,093,000 1,033,000 1,136,000
Federal Deposit Insurance Corporation insurance 730,000 1,341,000 937,000
Information technology 515,000 532,000 413,000
Charitable contributions 437,000 539,000 388,000
Directors' expense 285,000 331,000 322,000
Depreciation and amortization 263,000 283,000 304,000
Amortization of core deposit intangible 200,000 211,000 227,000
Deposit network fees 149,000 82,000 403,000
Other expense 2,146,000 2,087,000 2,046,000
Total non-interest expense 22,539,000 20,023,000 20,446,000
Income (loss) before provision for (benefit from) income taxes 11,597,000 (57,375,000) 6,481,000
Provision for (benefit from) income taxes 3,087,000 (17,834,000) 1,605,000
Net income (loss) $ 8,510,000 $ (39,541,000) $ 4,876,000
Net income (loss) per common share      
Basic (in dollars per share) $ 0.53 $ (2.49) $ 0.31
Diluted (in dollars per share) $ 0.53 $ (2.49) $ 0.30
Weighted average shares:      
Basic (in shares) 15,925 15,898 15,977
Diluted (in shares) 15,973 15,898 16,002
Comprehensive income (loss):      
Net income (loss) $ 8,510,000 $ (39,541,000) $ 4,876,000
Other comprehensive (loss) income:      
Change in net unrealized (losses) gains on available-for-sale securities (7,642,000) 4,933,000 3,289,000
Reclassification adjustment for losses realized on the sale of available-for-sale securities in net loss 0 69,466,000 0
Net unrealized losses on securities transferred from held-to-maturity to available-for-sale 0 (92,842,000) 0
Amortization of net unrealized losses on securities transferred from available-for-sale to held-to-maturity 0 9,867,000 340,000
Other comprehensive (loss) income, before tax (7,642,000) (8,576,000) 3,629,000
Deferred tax (benefit) expense (2,260,000) (2,533,000) 1,073,000
Other comprehensive (loss) income, net of tax (5,382,000) (6,043,000) 2,556,000
Total comprehensive income (loss) 3,128,000 (45,584,000) 7,432,000
Wealth management and trust services      
Non-interest income      
Wealth management and trust services, service charges on deposit accounts, debit card interchange fees, net and merchant interchange fees, net 596,000 573,000 563,000
Service charges on deposit accounts      
Non-interest income      
Wealth management and trust services, service charges on deposit accounts, debit card interchange fees, net and merchant interchange fees, net 563,000 543,000 548,000
Debit card interchange fees, net      
Non-interest income      
Wealth management and trust services, service charges on deposit accounts, debit card interchange fees, net and merchant interchange fees, net 362,000 401,000 396,000
Merchant interchange fees, net      
Non-interest income      
Wealth management and trust services, service charges on deposit accounts, debit card interchange fees, net and merchant interchange fees, net $ 118,000 $ 104,000 $ 96,000