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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
INTEREST INCOME      
Interest and fees on loans $ 86,472 $ 84,187 $ 62,888
Interest and fees on loans held for sale 84 160 90
Interest on investment securities:      
Taxable 3,572 3,450 3,150
Nontaxable 2,373 2,489 2,439
Other interest-bearing deposits and certificates of deposit in other banks 2,287 1,241 419
Dividends on other investments 563 441 270
Total interest income 95,351 91,968 69,256
Interest on deposits:      
Savings, interest checking and money market 18,524 16,796 5,009
Time deposits 11,240 8,886 2,093
Total interest expense on deposits 29,764 25,682 7,102
Interest on federal funds purchased and securities sold under agreements to repurchase 0 115 51
Interest on Federal Home Loan Bank advances 3,095 3,255 1,268
Interest on subordinated notes 3,899 3,774 2,072
Total interest expense on borrowings 6,994 7,144 3,391
Interest expense 36,758 32,826 10,493
Net interest income 58,593 59,142 58,763
Provision for (release of) credit losses on loans [1] 1,025 2,665 (900)
Provision for (release of) credit losses on unfunded commitments [1] 2 (325) 0
Total provision for (release of) credit losses on loans and unfunded commitments 1,027 2,340 (900)
Net interest income after provision for (release of) credit losses on loans and unfunded commitments 57,566 56,802 59,663
NON-INTEREST INCOME      
Earnings on bank-owned life insurance 1,682 57 58
Gain on sale of mortgage loans, net 896 2,560 2,661
Gains (losses) on other real estate owned, net 883 (4,429) 289
Other 1,700 1,577 1,448
Total non-interest income 14,320 7,536 13,978
Investment securities losses, net (4) (11,547) (14)
NON-INTEREST EXPENSE      
Salaries and employee benefits 26,578 28,971 27,058
Occupancy expense, net 3,251 3,247 3,175
Furniture and equipment expense 3,019 3,008 3,054
Processing, network, and bank card expense 5,530 5,151 4,788
Legal, examination, and professional fees 2,608 2,508 1,630
Advertising and promotion 976 1,522 1,529
Postage, printing, and supplies 910 846 878
Other 6,652 7,106 6,426
Total non-interest expense 49,524 52,359 48,538
Income before income taxes 22,358 432 25,089
Income tax expense (benefit) 4,102 (524) 4,338
Net income $ 18,256 $ 956 $ 20,751
Basic earnings per share (in dollars per share) $ 2.61 $ 0.14 $ 2.94
Diluted earnings per share (in dollars per share) $ 2.61 $ 0.14 $ 2.94
Service charges and other fees      
NON-INTEREST INCOME      
Income from fees $ 3,301 $ 2,942 $ 3,002
Bank card income and fees      
NON-INTEREST INCOME      
Income from fees 4,097 4,028 4,083
Wealth management revenue      
NON-INTEREST INCOME      
Income from fees 1,728 1,385 1,433
Real estate servicing fees, net      
NON-INTEREST INCOME      
Income from fees $ 33 $ (584) $ 1,004
[1] Prior to adoption of ASU No 2016-13 on January 1, 2023, credit losses were estimated using the incurred loss approach.