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Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest income    
Loans, including fees $ 45,991 $ 41,275
Investment securities available for sale 1,251 1,377
Federal funds sold and other 1,127 764
Total interest income 48,369 43,416 CloseClose
Interest expense    
Deposits 12,833 7,754
Borrowed funds 528 1,175
Total interest expense 13,361 8,929 Close
Net interest income 35,008 34,487 Close
Provision for credit losses 2,727 1,660 CloseCloseCloseCloseClose
Provision for (release of) credit losses on unfunded commitments 142 (19) CloseCloseCloseClose
Net interest income after provision for credit losses 32,139 32,846 CloseCloseCloseClose
Noninterest income     CloseCloseCloseClose
Other income 431 432 CloseCloseCloseClose
Total noninterest income 5,972 6,026 CloseCloseCloseCloseClose
Noninterest expenses     CloseCloseCloseClose
Salaries and employee benefits 12,907 12,554 CloseCloseCloseClose
Occupancy and equipment 1,613 1,213 CloseCloseCloseClose
Professional fees 1,947 2,374 CloseCloseCloseClose
Data processing 6,761 6,530 CloseCloseCloseClose
Advertising 2,032 517 CloseCloseCloseClose
Loan processing 371 349 CloseCloseCloseClose
Foreclosed real estate expenses, net 1 6 CloseCloseCloseClose
Merger-related expenses 712 0 CloseCloseCloseClose
Operational losses 931 964 CloseCloseCloseClose
Other operating 2,212 1,715 CloseCloseCloseClose
Total noninterest expenses 29,487 26,222 CloseCloseCloseCloseCloseCloseClose
Total Other Income Expenses 94931.0 90107.0 0.0 0.0 0.0 Close Close
Total Other Income Expenses 100101.0 93389.0 0.0 0.0 0.0 Close CloseClose
Total Other Income Expenses 94647.0 90069.0 0.0 0.0 0.0 Close CloseClose
Total Other Income Expenses 100385.0 93427.0 0.0 0.0 0 Close Close
Income before income taxes 8,624 12,650 CloseCloseClose
Total NonInterest Income Expenses -23515.0 -20196.0 0.0 0 0 Close
Income tax expense 2,062 2,915 Close
Net income $ 6,562 $ 9,735 Close
Basic earnings per share (in dollars per share) $ 0.47 $ 0.69
Diluted earnings per share (in dollars per share) $ 0.47 $ 0.68
Weighted average common shares outstanding:    
Basic (in shares) 13,918,724 14,159,383
Diluted (in shares) 13,918,724 14,272,292
Service charges on deposits    
Noninterest income    
Noninterest income $ 207 $ 229
Credit card fees    
Noninterest income    
Noninterest income 3,881 4,210
Mortgage banking revenue    
Noninterest income    
Noninterest income $ 1,453 $ 1,155