v3.26.1
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Interest income    
Loans and leases $ 56,308 $ 55,274
Securities 4,245 3,404
Short-term investments 1,343 852
Total interest income 61,896 59,530
Interest expense    
Deposits 23,928 23,016
Federal Home Loan Bank advances and other borrowings 2,450 3,256
Total interest expense 26,378 26,272
Net interest income 35,518 33,258
Provision for credit losses 2,960 2,659
Net interest income after provision for credit losses 32,558 30,599
Non-interest income    
Private wealth management service fees 3,877 3,492
Gain on sale of Small Business Administration loans 592 963
Service charges on deposits 1,318 1,048
Loan fees 436 388
Bank-owned life insurance policy income 757 437
Swap fees 628 113
Other non-interest income 1,167 1,138
Total non-interest income 8,775 7,579
Non-interest expense    
Compensation 18,541 16,747
Occupancy 588 590
Professional fees 1,446 1,459
Data processing 1,270 1,082
Marketing 711 968
Equipment 407 376
Computer software 1,921 1,603
FDIC insurance 909 780
Other non-interest expense 1,160 1,114
Total non-interest expense 26,953 24,719
Income before income tax expense 14,380 13,459
Income tax expense 2,180 2,288
Net income 12,200 11,171
Preferred stock dividend 219 219
Net income available to common shareholders $ 11,981 $ 10,952
Earnings per common share    
Basic $ 1.44 $ 1.32
Diluted 1.44 1.32
Dividends declared per share $ 0.34 $ 0.29