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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 INCOME        
Interest and fees on loans $ 34,263 $ 30,605 $ 65,952 $ 60,747
Interest on AFS debt securities 1,437 1,590 2,933 3,050
Other interest income 1,965 2,162 3,639 3,473
Total interest income 37,665 34,357 72,524 67,270
Interest expense        
Interest on deposits 17,475 17,343 34,083 33,018
Interest on borrowings 469 820 1,302 2,079
Total interest expense 17,944 18,163 35,385 35,097
Net interest income 19,721 16,194 37,139 32,173
Provision for credit losses 1,206 617 1,942 762
Net interest income after provision for credit losses 18,515 15,577 35,197 31,411
NONINTEREST INCOME        
Service charges on deposits 1,017 793 2,017 1,405
Loan servicing fees, net of amortization 900 575 1,907 1,347
Gains on sale of loans 1,441 2,325 3,460 4,028
Other income 610 491 1,400 990
Total noninterest income 3,968 4,184 8,784 7,770
NONINTEREST EXPENSE        
Salaries and employee benefits 9,075 7,568 17,851 15,409
Occupancy and equipment 1,584 1,660 3,165 3,315
Data processing and communication 306 530 602 1,017
Professional fees 418 406 825 801
FDIC insurance and regulatory assessments 506 378 993 752
Promotion and advertising 232 151 388 300
Directors’ fees 198 178 378 335
Foundation donation and other contributions 636 539 1,192 1,079
Other expenses 1,082 779 2,457 1,338
Total noninterest expense 14,037 12,189 27,851 24,346
INCOME BEFORE INCOME TAX EXPENSE 8,446 7,572 16,130 14,835
Income tax expense 2,113 2,136 4,237 4,173
NET INCOME $ 6,333 $ 5,436 $ 11,893 $ 10,662
BASIC EARNINGS PER SHARE("EPS") (USD per share) $ 0.42 $ 0.36 $ 0.79 $ 0.70
DILUTED EPS (USD per share) $ 0.42 $ 0.36 $ 0.79 $ 0.70