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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
INTEREST AND DIVIDEND INCOME        
Loans receivable, including fees $ 37,755 $ 36,856 $ 110,828 $ 109,093
Investment securities:        
Taxable 2,089 1,683 5,657 4,666
Exempt from federal income tax 287 359 1,045 1,069
Other 1,893 1,296 3,962 3,590
Total interest and dividend income 42,024 40,194 121,492 118,418
INTEREST EXPENSE        
Deposits 13,677 13,292 38,501 38,210
Other borrowings 950 949 2,867 2,967
Subordinated debt 1,011 972 2,958 2,892
Total interest expense 15,638 15,213 44,326 44,069
NET INTEREST INCOME BEFORE PROVISION FOR CREDIT LOSSES 26,386 24,981 77,166 74,349
Provision for credit losses 1,003 84 1,575 125
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 25,383 24,897 75,591 74,224
NONINTEREST INCOME        
Service charges on deposit accounts 1,120 1,052 3,237 2,697
Bank-owned life insurance 463 430 1,327 1,199
Net realized gains on the sales of debt securities 0 0 0 4
Gain on sale of loans 157 138 361 200
Gain on sale of branches 0 0 11,093 0
Other 1,065 1,060 2,977 2,167
Total noninterest income 2,805 2,680 18,995 6,267
NONINTEREST EXPENSE        
Salaries and employee benefits 10,513 9,855 31,921 30,914
Occupancy 1,356 1,440 4,128 4,577
Equipment and data processing 2,063 1,640 6,158 5,290
Professional fees 593 763 1,808 2,299
FDIC insurance and supervisory fees 439 812 1,575 1,709
Intangible amortization 1,083 1,205 3,250 3,615
Merger & restructuring expenses 0 171 57 858
Advertising 128 163 448 505
Other 1,996 2,403 6,549 6,834
Total noninterest expense 18,171 18,452 55,894 56,601
Income before income tax expense 10,017 9,125 38,692 23,890
Income tax expense 2,178 2,030 8,123 5,265
NET INCOME $ 7,839 $ 7,095 $ 30,569 $ 18,625
EARNINGS PER SHARE, BASIC $ 0.21 $ 0.19 $ 0.82 $ 0.5
EARNINGS PER SHARE, DILUTED $ 0.21 $ 0.19 $ 0.82 $ 0.5
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING,        
BASIC 37,192,313 36,983,637 37,146,280 36,972,127
DILUTED 37,335,646 37,090,111 37,257,831 37,061,512