XML 171 R4.htm IDEA: XBRL DOCUMENT v3.25.4
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Interest and dividend income      
Loans $ 183,120 $ 163,846 $ 149,420
Securities and other 23,439 21,938 21,619
Federal Home Loan Bank stock 801 958 1,146
Interest-earning deposits with other banks 2,159 1,982 1,997
Total interest and dividend income 209,519 188,724 174,182
Interest expense      
Deposits 63,525 61,696 38,232
Borrowings 11,516 13,189 18,275
Total interest expense 75,041 74,885 56,507
Net interest income 134,478 113,839 117,675
Provision for credit losses on available-for-sale debt securities 636 1,171  
Provision for credit losses on loans 4,636 955 2,908
Net interest income after provision for credit losses 129,206 111,713 114,767
Non-interest income      
Trust and investment management fee income 16,066 15,701 14,283
Customer service fees 15,953 14,839 15,168
(Loss) gain on available-for-sale debt securities, net (5,329) 50 34
Mortgage banking income 1,969 2,093 1,587
Bank-owned life insurance income 2,576 2,304 2,699
Customer derivative income 2,013 928 409
Other income 1,208 973 893
Total non-interest income 34,456 36,888 35,073
Non-interest expense      
Salaries and employee benefits 60,534 54,849 52,516
Occupancy and equipment 14,530 13,788 13,386
Depreciation 4,303 4,196 4,198
Gain (loss) on premises and equipment, net 257 (192) 182
Outside services 2,017 1,558 1,671
Professional services 1,809 1,422 1,586
Communication 877 759 697
Marketing 2,036 2,014 1,696
Amortization of intangible assets 1,514 932 932
FDIC assessment 1,921 1,808 1,743
Acquisition, conversion and other expenses 10,592 20 283
Provision (credit) for unfunded commitments 796 (775) (85)
Other expenses 16,541 15,608 13,918
Total non-interest expense 117,727 95,987 92,723
Income before income taxes 45,935 52,614 57,117
Income tax expense 9,016 9,070 12,265
Net income $ 36,919 $ 43,544 $ 44,852
Earnings per share:      
Basic (in dollars per share) $ 2.32 $ 2.86 $ 2.96
Diluted (in dollars per share) $ 2.31 $ 2.84 $ 2.95
Weighted average common shares outstanding:      
Basic (in shares) 15,892,423 15,240,446 15,142,188
Diluted (in shares) 15,955,303 15,310,721 15,195,236