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CONSOLIDATED STATEMENTS OF INCOME (LOSS) (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest and dividend income:        
Loans, including fees $ 32,822 $ 29,435 $ 64,343 $ 57,534
Taxable securities 1,666 2,530 3,353 5,553
Tax exempt securities 78 214 152 465
Interest-earning deposits 325 855 628 1,180
Total interest and dividend income 34,891 33,034 68,476 64,732
Interest expense:        
Deposits 8,703 11,076 17,242 22,232
Borrowed funds 1,518 1,150 2,980 1,875
Total interest expense 10,221 12,226 20,222 24,107
Net interest income 24,670 20,808 48,254 40,625
Provision for credit losses 561 1,145 1,162 2,237
Net interest income after provision for credit losses 24,109 19,663 47,092 38,388
Non-interest income:        
Net (losses) on securities transactions 0 (17,498) 0 (17,498)
Changes in fair value of equity investments 272 108 201 61
Net gains on sales of loans held for sale 47 51 68 91
Net gains (losses) on sales of other real estate owned 0 3 0 (8)
Income from bank-owned life insurance 7 8 14 16
Other 841 1,406 1,994 2,281
Total non-interest income 6,503 (10,705) 12,823 (4,816)
Non-interest expense:        
Salaries and wages 8,037 7,579 15,637 14,788
Pension and other employee benefits 2,286 2,112 4,408 4,034
Other components of net periodic pension and postretirement benefits (142) (113) (284) (226)
Net occupancy 1,546 1,431 3,074 2,964
Furniture and equipment 498 455 907 828
Data processing 2,615 2,563 5,151 5,097
Professional services 962 805 1,653 1,443
Marketing and advertising 497 351 738 690
Other real estate owned 17 3 25 14
FDIC insurance 304 434 619 873
Loan expense 458 296 792 574
Other 2,243 1,853 4,063 3,617
Total non-interest expense 19,321 17,769 36,783 34,696
Income (loss) before income tax expense 11,291 (8,811) 23,132 (1,124)
Income tax expense (benefit) 2,481 (2,359) 5,123 (695)
Net income (loss) $ 8,810 $ (6,452) $ 18,009 $ (429)
Weighted average common shares outstanding, basic (in shares) 4,837,694 4,808,078 4,830,485 4,798,462
Weighted average shares outstanding (in shares) 4,837,694 4,808,078 4,830,485 4,798,462
Basic earnings (loss) per share (in dollars per share) $ 1.82 $ (1.35) $ 3.73 $ (0.09)
Diluted earnings (loss) per share (in dollars per share) $ 1.82 $ (1.35) $ 3.73 $ (0.09)
WMG fee income        
Non-interest income:        
Revenues from contracts with customer $ 3,191 $ 2,993 $ 6,336 $ 5,860
Service charges on deposit accounts        
Non-interest income:        
Revenues from contracts with customer 1,038 1,114 2,089 2,234
Interchange revenue from debit card transactions        
Non-interest income:        
Revenues from contracts with customer $ 1,107 $ 1,110 $ 2,121 $ 2,147