v3.25.1
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest income    
Loans, including fees $ 71,992 $ 71,270
Securities, taxable 4,239 2,444
Securities, tax-exempt 1,172 977
Interest-earning deposits 2,935 2,033
Total interest income 80,338 76,724
Interest expense    
Deposits 25,192 22,224
Short-term borrowings 1,763 1,654
Federal Home Loan Bank advances 2,898 3,399
Subordinated debt and other borrowings 1,937 2,086
Total interest expense 31,790 29,363
Net interest income 48,548 47,361
Provision for credit losses 2,100 1,300
Net interest income after provision for credit losses 46,448 46,061
Noninterest income:    
Mortgage banking income 2,651 2,343
Earnings on bank owned life insurance 543 1,172
Other income 348 1,466
Total noninterest income 8,702 10,868
Noninterest expense    
Salaries and benefits 19,557 18,237
Occupancy 2,118 2,289
Furniture and equipment depreciation, rent and maintenance 787 929
Data processing costs 3,770 3,289
Charitable foundation contributions 3 703
Other expense 4,869 4,497
Total noninterest expense 31,104 29,944
Income before federal income tax expense 24,046 26,985
Federal income tax expense 4,509 5,423
Net income $ 19,537 $ 21,562
Basic earnings per share (in dollars per share) $ 1.21 $ 1.34
Diluted earnings per share (in dollars per share) $ 1.21 $ 1.34
Average basic shares outstanding (in shares) 16,197,978 16,118,858
Average diluted shares outstanding (in shares) 16,197,978 16,118,858
Service Charges on Deposit and Sweep Accounts [Member]    
Noninterest income:    
Noninterest revenue $ 1,839 $ 1,531
Credit and Debit Card [Member]    
Noninterest income:    
Noninterest revenue 2,201 2,121
Interest Rate Swap Fees [Member]    
Noninterest income:    
Noninterest revenue 80 1,339
Payroll Processing [Member]    
Noninterest income:    
Noninterest revenue $ 1,040 $ 896