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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest Income        
Loans, including fees $ 45,287 $ 41,999 $ 89,319 $ 82,566
Investment securities:        
Taxable interest 2,523 2,667 5,115 5,382
Tax-exempt interest 73 73 145 146
Other investments and deposits 746 719 1,251 1,490
Total interest income 48,629 45,458 95,830 89,584
Interest Expense        
Deposits 13,142 13,134 25,764 25,266
Other borrowings 53 1,656 106 3,142
Subordinated debt expense 844 844 1,689 1,689
Short-term Federal Home Loan Bank advances 1,120 110 2,775 546
Long-term Federal Home Loan Bank advances 119 321 396 647
Total interest expense 15,278 16,065 30,730 31,290
Net interest income 33,351 29,393 65,100 58,294
Provision for loan losses 489 1,261 883 1,402
Net interest income after provision for loan losses 32,862 28,132 64,217 56,892
Noninterest Income        
Gain on sale of loans, net 114 126 491 213
Income from bank-owned life insurance 282 271 560 537
(Loss) gain on sale of assets, net (2) (2) 7 4
Other income 227 370 685 731
Total noninterest income 3,716 3,755 7,725 7,304
Noninterest Expense        
Compensation and benefits 13,322 12,788 25,974 24,958
Occupancy 2,513 2,603 5,074 5,057
Marketing and advertising 461 485 890 951
Data processing and communication 2,628 2,555 5,270 5,069
Professional services 396 581 801 1,056
Forms, printing and supplies 203 187 403 392
Franchise and shares tax 483 487 959 975
Regulatory fees 502 509 1,018 978
Foreclosed assets and ORE, net 419 89 646 154
Amortization of acquisition intangible 269 329 562 682
(Reversal) provision for credit losses on unfunded commitments (970) (134) (970) (134)
Other expenses 2,181 1,329 3,359 2,538
Total noninterest expense 22,407 21,808 43,986 42,676
Income before income tax expense 14,171 10,079 27,956 21,520
Income tax expense 2,841 1,961 5,662 4,203
Net Income $ 11,330 $ 8,118 $ 22,294 $ 17,317
Earnings per share:        
Basic (in usd per share) $ 1.47 $ 1.02 $ 2.85 $ 2.17
Diluted (in usd per share) 1.45 1.02 2.82 2.16
Cash dividends declared per common share (in usd per share) $ 0.27 $ 0.25 $ 0.54 $ 0.50
Service fees and charges        
Noninterest Income        
Service fee and charges, and bank card fees $ 1,345 $ 1,239 $ 2,654 $ 2,493
Bank card fees        
Noninterest Income        
Service fee and charges, and bank card fees $ 1,750 $ 1,751 $ 3,328 $ 3,326