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Consolidated Statements of Operations - 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 receivable, including fees $ 36,032 $ 36,112 $ 73,073 $ 72,237
Investment securities and certificates of deposit:        
Taxable 1,819 1,592 3,568 2,983
Exempt from federal income tax 378 350 758 711
Other 1,097 1,395 2,069 2,293
Total interest and dividend income 39,326 39,449 79,468 78,224
INTEREST EXPENSE        
Deposits 12,467 13,071 24,824 24,918
Other borrowings 931 932 1,917 2,018
Subordinated debt 979 962 1,947 1,920
Total interest expense 14,377 14,965 28,688 28,856
NET INTEREST INCOME BEFORE PROVISION FOR CREDIT LOSSES 24,949 24,484 50,780 49,368
Provision for credit losses 344 0 572 40
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 24,605 24,484 50,208 49,328
NONINTEREST INCOME        
Service charges on deposit accounts 1,056 865 2,117 1,645
Bank-owned life insurance 436 386 864 769
Net realized gains (losses) on the sales of debt securities   4   4
Gain on sale of loans 128 12 205 62
Gain on sale of branches 0 0 11,093 0
Other 1,313 591 1,911 1,107
Total noninterest income 2,933 1,858 16,190 3,587
NONINTEREST EXPENSE        
Salaries and employee benefits 10,252 9,941 21,408 21,059
Occupancy 1,308 1,559 2,772 3,137
Equipment and data processing 2,052 1,824 4,095 3,650
Professional fees 728 788 1,215 1,536
FDIC insurance and supervisory fees 537 545 1,136 897
Intangible amortization 1,083 1,204 2,167 2,411
Merger & restructuring expenses 16 631 57 687
Advertising 176 241 320 475
Other 1,913 2,167 4,553 4,298
Total noninterest expense 18,065 18,900 37,723 38,150
Income before income tax expense 9,473 7,442 28,675 14,765
Income tax expense 2,086 1,638 5,945 3,235
NET INCOME $ 7,387 $ 5,804 $ 22,730 $ 11,530
EARNINGS PER SHARE, BASIC $ 0.2 $ 0.16 $ 0.61 $ 0.31
EARNINGS PER SHARE, DILUTED $ 0.2 $ 0.16 $ 0.61 $ 0.31
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING,        
BASIC 37,136,851 36,970,768 37,122,883 36,966,371
DILUTED 37,244,008 37,040,748 37,231,839 37,042,896