v3.25.1
Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest Income    
Loans, including fees $ 61,495 $ 39,294
Investment securities    
Taxable 5,707 4,568
Exempt from federal income taxes 160 174
Other 819 5,002
Total interest income 68,181 49,038
Interest Expense    
Deposits 23,535 20,152
Short-term borrowings 2,839 5,989
Long-term debt 650 678
Total interest expense 27,024 26,819
Net interest income 41,157 22,219
Provision for credit losses 863 0
Net interest income after provision for credit losses 40,294 22,219
Noninterest Income    
Other 2,443 1,491
Total noninterest income 27,632 25,323
Noninterest Expense    
Compensation 22,961 19,332
Employee taxes and benefits 7,762 6,188
Occupancy and equipment expense 2,907 1,906
Business services, software and technology expense 5,752 5,345
Intangible amortization expense 2,710 1,324
Professional fees and assessments 2,996 1,993
Marketing and business development 965 685
Supplies and postage 630 528
Travel 287 292
Mortgage and lending expenses 536 441
Other 2,859 985
Total noninterest expense 50,365 39,019
Income before income taxes 17,561 8,523
Income Tax Expense (Benefit) 4,246 2,091
Net income $ 13,315 $ 6,432
Per Common Share Data    
Basic earnings per common share (in dollars per share) $ 0.52 $ 0.32
Diluted earnings per common share (in dollars per share) 0.52 0.32
Dividends declared per common share (in dollars per share) $ 0.2 $ 0.19
Average common shares outstanding (in shares) 25,359 19,739
Diluted average common shares outstanding (in shares) 25,653 19,986
Retirement and Benefit Services [Member]    
Noninterest Income    
Revenue from Contract with Customer, Including Assessed Tax $ 16,106 $ 15,655
Wealth Management [Member]    
Noninterest Income    
Revenue from Contract with Customer, Including Assessed Tax 6,905 6,118
Mortgage Banking [Member]    
Noninterest Income    
Revenue from Contract with Customer, Including Assessed Tax 1,527 1,670
Deposit Account [Member]    
Noninterest Income    
Revenue from Contract with Customer, Including Assessed Tax $ 651 $ 389