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Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
INTEREST INCOME        
Interest and fees on loans $ 21,549 $ 21,534 $ 42,745 $ 43,265
Interest and fees on loans held for sale 3 36 5 66
Interest on investment securities:        
Taxable 1,398 788 2,702 1,539
Nontaxable 586 596 1,173 1,188
Federal funds sold and Other interest-bearing deposits 290 452 539 1,263
Dividends on other investments 85 150 205 287
Total interest income 23,911 23,556 47,369 47,608
Interest on deposits:        
Savings, interest checking and money market 4,086 4,493 8,435 9,123
Time deposits 2,422 3,075 4,886 5,910
Total interest expense on deposits 6,508 7,568 13,321 15,033
Interest on federal funds purchased and securities sold under agreements to repurchase 1 0 1 0
Interest on Federal Home Loan Bank advances 404 831 903 1,680
Interest on subordinated notes 856 985 1,708 1,975
Total interest expense on borrowings 1,261 1,816 2,612 3,655
Total interest expense 7,769 9,384 15,933 18,688
Net interest income 16,142 14,172 31,436 28,920
(Release of) provision for credit losses on loans (159) 282 (441) 282
Provision for (release of) credit losses on unfunded commitments 108 175 50 (55)
Total (release of) provision for credit losses on loans and unfunded commitments (51) 457 (391) 227
Net interest income after provision for credit losses on loans and unfunded commitments 16,193 13,715 31,827 28,693
NON-INTEREST INCOME        
Earnings on bank-owned life insurance 509 505 1,019 641
Gain on sale of mortgage loans, net 117 398 242 675
(Losses) gains on other real estate owned, net (177) 454 (156) 488
Other 611 337 1,105 739
Total non-interest income 3,545 3,996 7,008 7,015
Investment securities losses, net (1) (15) (3) (15)
NON-INTEREST EXPENSE        
Salaries and employee benefits 6,703 6,724 13,615 13,454
Occupancy expense, net 947 708 1,883 1,521
Furniture and equipment expense 673 722 1,466 1,478
Processing, network, and bank card expense 1,443 1,362 2,844 2,732
Legal, examination, and professional fees 428 512 921 1,335
Advertising and promotion 212 261 372 524
Postage, printing, and supplies 342 190 636 357
Other 1,521 1,555 3,031 3,208
Total non-interest expense 12,269 12,034 24,768 24,609
Income before income taxes 7,468 5,662 14,064 11,084
Income tax expense 1,367 1,033 2,580 1,999
Net income $ 6,101 $ 4,629 $ 11,484 $ 9,085
Basic earnings per share (in dollars per share) $ 0.88 $ 0.66 $ 1.65 $ 1.29
Diluted earnings per share (in dollars per share) $ 0.88 $ 0.66 $ 1.65 $ 1.29
Service charges and other fees        
NON-INTEREST INCOME        
Income from fees $ 940 $ 777 $ 1,853 $ 1,594
Bank card income and fees        
NON-INTEREST INCOME        
Income from fees 1,003 1,075 1,929 2,048
Wealth management revenue        
NON-INTEREST INCOME        
Income from fees $ 542 $ 450 $ 1,016 $ 830