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Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest income    
Loans, including fees $ 27,976 $ 27,097
Investment securities 5,227 5,520
Deposits with other banks and short term investments 2,322 693
Total interest income 35,525 33,310
Interest expense    
Deposits 11,773 12,091
Federal Home Loan Bank advances 1,873 1,572
Other borrowings 927 993
Total interest expense 14,573 14,656
Net interest income 20,952 18,654
Provision for credit losses 1,500 1,000
Net interest income after provision for credit losses 19,452 17,654
Noninterest income    
Gain on sales of SBA loans 1,035 2,046
Loss on sales of securities 0 (555)
BOLI Income 396 533
Insurance commissions 469 465
Other 1,455 1,348
Total noninterest income 9,044 9,487
Noninterest expense    
Salaries and employee benefits 11,905 12,018
Occupancy and equipment 1,580 1,507
Information technology expense 2,477 2,110
Professional fees 748 834
Advertising and public relations 805 960
Communications 205 226
Other 2,501 2,742
Total noninterest expense 20,221 20,397
Income before income taxes 8,275 6,744
Income taxes 1,662 1,411
Net income $ 6,613 $ 5,333
Earnings per common share:    
Basic (in dollars per share) $ 0.38 $ 0.30
Diluted (in dollars per share) 0.38 0.30
Dividends declared per share (in dollars per share) $ 0.1150 $ 0.1125
Weighted average common shares outstanding:    
Basic (in shares) 17,509,059 17,560,210
Diluted (in shares) 17,509,059 17,560,210
Service charges on deposits    
Noninterest income    
Noninterest income $ 2,172 $ 2,373
Mortgage fee income    
Noninterest income    
Noninterest income 1,579 1,249
Interchange fees    
Noninterest income    
Noninterest income $ 1,938 $ 2,028