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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 $ 49,923 $ 46,349 $ 99,155 $ 91,225
Securities:        
Taxable 2,787 2,262 5,800 5,149
Tax-exempt 233 241 473 485
Other 1,632 495 4,195 1,760
Total interest income 54,575 49,347 109,623 98,619
Interest expense:        
Deposits 16,199 15,794 33,051 31,187
Securities sold under repurchase agreements       22
Borrowed funds 1,674 546 3,333 1,054
Total interest expense 17,873 16,340 36,384 32,263
Net interest income 36,702 33,007 73,239 66,356
Provision for credit losses 200 600 200
Net interest income after provision for credit losses 36,502 33,007 72,639 66,156
Noninterest income:        
Service charges 2,053 2,101 4,064 3,735
Income from Ansay 1,153 1,379 2,334 2,358
Loan servicing income 733 735 1,465 1,461
Valuation adjustment on MSR (99) 339 76 27
Net gain on sales of mortgage loans 338 277 672 496
Other 743 1,046 2,898 2,197
Total noninterest income 4,921 5,877 11,509 10,274
Noninterest expense:        
Salaries, commissions, and employee benefits 10,427 10,004 21,412 20,897
Occupancy 1,922 1,330 3,513 2,914
Data processing 2,620 2,114 5,064 4,503
Postage, stationery, and supplies 270 205 510 443
Net gain on sales and valuations of OREO (159) (461) (159) (508)
Net loss on sale of securities       34
Advertising 61 79 126 174
Charitable contributions 274 234 750 410
Federal deposit insurance 630 443 1,260 860
Outside service fees 1,135 1,446 1,923 2,322
Amortization of intangibles 1,273 1,475 2,571 2,975
Other 2,303 2,188 4,390 4,357
Total noninterest expense 20,756 19,057 41,360 39,381
Income before provision for income taxes 20,667 19,827 42,788 37,049
Provision for income taxes 3,792 3,768 7,672 5,578
Net Income $ 16,875 $ 16,059 $ 35,116 $ 31,471
Earnings per share - basic $ 1.71 $ 1.59 $ 3.53 $ 3.1
Earnings per share - diluted $ 1.71 $ 1.59 $ 3.53 $ 3.1