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Consolidated Statements of Income (Unaudited) - 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 $ 45,478 $ 40,626 $ 88,504 $ 79,877
Tax-exempt investment securities 21 29 43 57
Taxable investment securities 1,441 1,281 2,827 2,499
Other interest-earning assets 2,368 3,009 4,826 6,067
Total interest income 49,308 44,945 96,200 88,500
Interest expense:        
Deposits 22,505 22,536 45,069 44,503
Borrowings 813 674 858 1,263
Total interest expense 23,318 23,210 45,927 45,766
Net interest income 25,990 21,735 50,273 42,734
Provision for credit losses 1,787 259 3,385 1,349
Net interest income after provision for credit losses 24,203 21,476 46,888 41,385
Noninterest income:        
Service charges and fees on deposits 375 364 747 742
Loan servicing income 760 799 1,485 1,718
Bank-owned life insurance income 253 236 500 464
Gain on sale of loans 1,465 763 2,352 1,841
Other income 444 323 793 665
Total noninterest income 3,297 2,485 5,877 5,430
Noninterest expense:        
Salaries and employee benefits 8,844 9,225 17,919 18,443
Occupancy and equipment 2,379 2,300 4,668 4,658
Professional fees 805 973 1,433 2,057
Marketing and business promotion 597 318 840 637
Data processing 317 495 650 897
Director fees and expenses 225 221 451 453
Regulatory assessments 358 327 702 625
Other expense 1,304 1,316 2,640 3,757
Total noninterest expense 14,829 15,175 29,303 31,527
Income before income taxes 12,671 8,786 23,462 15,288
Income tax expense 3,600 2,505 6,656 4,322
Net income 9,071 6,281 16,806 10,966
Preferred stock dividends 87 142 127 142
Net income available to common shareholders $ 8,984 $ 6,139 $ 16,679 $ 10,824
Earnings per common share, basic (in dollars per share) $ 0.63 $ 0.43 $ 1.16 $ 0.76
Earnings per common share, diluted (in dollars per share) $ 0.62 $ 0.43 $ 1.15 $ 0.75
Weighted-average common shares outstanding, basic (in shares) 14,213,032 14,237,083 14,242,486 14,236,251
Weighted-average common shares outstanding, diluted (in shares) 14,326,011 14,312,949 14,364,995 14,323,171