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Consolidated Statements of Income (unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Interest income:        
Loans, including fees $ 82,054,000 $ 75,468,000 $ 234,847,000 $ 219,242,000
Investment securities available-for-sale 6,289,000 4,532,000 17,487,000 12,116,000
Investment securities held-to-maturity 2,882,000   4,489,000  
Federal funds sold and other 1,278,000 2,719,000 5,108,000 11,462,000
Total interest income 92,503,000 82,719,000 261,931,000 242,820,000
Interest expense:        
Deposit accounts 39,030,000 40,407,000 112,791,000 119,515,000
FHLB advances and other borrowings 2,624,000 1,929,000 6,120,000 5,985,000
Total interest expense 41,654,000 42,336,000 118,911,000 125,500,000
Net interest income 50,849,000 40,383,000 143,020,000 117,320,000
Provision for credit losses 2,763,000 1,085,000 5,343,000 4,545,000
Net interest income after provision for credit losses 48,086,000 39,298,000 137,677,000 112,775,000
Noninterest income:        
Service charges and fees 2,839,000 2,143,000 7,241,000 5,163,000
Earnings on bank-owned life insurance 786,000 649,000 2,206,000 1,818,000
Loss on sale of investment securities available-for-sale   (480,000) (338,000) (200,000)
Gain on sales of SBA loans     74,000 30,000
Other 10,000 205,000 209,000 937,000
Total noninterest income 3,635,000 2,517,000 9,392,000 7,748,000
Noninterest expense:        
Salaries and employee benefits 19,560,000 15,679,000 56,080,000 48,098,000
Occupancy and equipment expense 2,861,000 2,817,000 8,478,000 8,237,000
Legal and professional 1,254,000 1,037,000 4,612,000 4,043,000
Data processing and network expense 1,203,000 1,608,000 3,485,000 4,072,000
Regulatory assessments 1,152,000 1,249,000 3,661,000 3,234,000
Advertising and marketing 499,000 420,000 1,411,000 1,181,000
Software purchases and maintenance 1,094,000 1,266,000 3,502,000 3,682,000
Loan operations and other real estate owned expense 29,000 227,000 737,000 715,000
Telephone and communications 134,000 166,000 424,000 441,000
Other 1,106,000 1,085,000 3,456,000 3,394,000
Total noninterest expense 28,892,000 25,554,000 85,846,000 77,097,000
Net income before income tax expense 22,829,000 16,261,000 61,223,000 43,426,000
Income tax expense 4,772,000 3,486,000 12,830,000 9,488,000
Net income 18,057,000 12,775,000 48,393,000 33,938,000
Preferred stock dividends declared 1,197,000 1,198,000 3,553,000 3,553,000
Net income available to common shareholders $ 16,860,000 $ 11,577,000 $ 44,840,000 $ 30,385,000
Earnings per common share:        
Basic earnings per share $ 1.22 $ 0.85 $ 3.24 $ 2.23
Diluted earnings per share $ 1.03 $ 0.74 $ 2.77 $ 1.99