XML 24 R5.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Interest income:    
Loans, including fees $ 146,712 $ 114,662
Taxable securities 8,462 6,806
Nontaxable securities 952 977
Other interest and dividends 13,655 9,815
Total interest income 169,781 132,260
Interest expense:    
Deposits 70,630 45,368
Other borrowings 7,444 6,780
Total interest expense 78,074 52,148
Net interest income 91,707 80,112
Provision for credit losses 4,957 6,090
Net interest income after provision for credit losses 86,750 74,022
Noninterest income:    
Service charges on deposit accounts $ 2,022 $ 1,790
Revenue, Product and Service [Extensible Enumeration] Deposit Account [Member] Deposit Account [Member]
Swap fees $ 27 $ 691
SBA/USDA fees 391 344
Mortgage origination fees 356 533
Net gain on securities 108 555
Employee retention credit 1,162 0
Other operating income 3,324 4,961
Total noninterest income 7,390 8,874
Noninterest expenses:    
Salaries and employee benefits 26,221 25,665
Equipment and occupancy expenses 3,021 2,776
Data processing fees 3,070 2,528
Regulatory assessments 1,590 1,198
Professional fees related to ERC 236 0
Merger-related expenses 1,511 0
Other operating expenses 12,899 9,709
Total noninterest expenses 48,548 41,876
Income before income taxes 45,592 41,020
Income tax expense 10,724 9,068
Net income $ 34,868 $ 31,952
Basic earnings per share (in dollars per share) $ 3.72 $ 3.63
Dilutive earnings per share (in dollars per share) $ 3.67 $ 3.53