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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 $ 66,537 $ 63,236
Investment securities:    
Taxable 4,460 4,040
Tax-exempt 348 376
Other interest-bearing balances 138 403
Federal funds sold 261 136
Total Interest Income 71,744 68,191
INTEREST EXPENSE    
Deposits 28,264 26,332
Short-term borrowings 290 4,446
Long-term and subordinated debt 681 957
Total Interest Expense 29,235 31,735
Net Interest Income 42,509 36,456
Provision/(benefit) for credit losses - loans 321 (619)
Benefit for credit losses - credit commitments (20) (318)
Net provision/(benefit) for credit losses 301 (937)
Net Interest Income After Provision/Benefit for Credit Losses 42,208 37,393
NONINTEREST INCOME    
Net gain on sales of SBA loans 57 107
Earnings from cash surrender value of life insurance 274 284
Other 1,705 2,436
Total Noninterest Income 5,239 5,837
NONINTEREST EXPENSE    
Salaries and employee benefits 16,309 15,462
Software licensing and utilization 2,574 2,120
Occupancy, net 2,274 1,982
Equipment 1,094 1,222
Shares tax 919 997
Legal and professional fees 826 998
ATM/card processing 733 534
Intangible amortization 428 428
FDIC Assessment 990 945
Gain on sale of foreclosed assets, net (28) 0
Merger and acquisition 314 0
Other 4,209 3,832
Total Noninterest Expense 30,642 28,520
INCOME BEFORE PROVISION FOR INCOME TAXES 16,805 14,710
Provision for income taxes 3,063 2,577
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $ 13,742 $ 12,133
PER COMMON SHARE DATA:    
Basic Earnings Per Common Share (in dollars per share) $ 0.71 $ 0.73
Diluted Earnings Per Common Share (in dollars per share) $ 0.71 $ 0.73
Weighted-average basic shares outstanding (in shares) 19,355,867 16,567,902
Weighted-average diluted shares outstanding (in shares) 19,416,265 16,613,373
Fiduciary and wealth management    
NONINTEREST INCOME    
Non-interest Income $ 1,140 $ 1,132
ATM debit card interchange    
NONINTEREST INCOME    
Non-interest Income 919 945
Service charges on deposits    
NONINTEREST INCOME    
Non-interest Income 562 509
Mortgage banking    
NONINTEREST INCOME    
Non-interest Income 591 424
Mortgage hedging    
NONINTEREST INCOME    
Non-interest Income $ (9) $ 0