v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
INTEREST AND DIVIDEND INCOME    
Loans, including fees $ 114,340 $ 118,577
Investment Securities:    
Taxable 10,073 8,595
Tax-exempt 157 193
Dividends 278 389
Total Interest and Dividend Income 124,848 127,754
INTEREST EXPENSE    
Deposits 38,354 36,662
Borrowings, junior subordinated debt securities and other 3,171 7,615
Total Interest Expense 41,525 44,277
NET INTEREST INCOME 83,323 83,477
Provision for credit losses (3,040) 2,627
Net Interest Income After Provision for Credit Losses 86,363 80,850
NONINTEREST INCOME    
Net (loss) gain on sale of securities (2,295) 3
Other 1,490 1,722
Total Noninterest Income 10,429 12,830
NONINTEREST EXPENSE    
Salaries and employee benefits 29,853 29,512
Data processing and information technology 4,930 4,954
Occupancy 4,302 3,870
Furniture, equipment and software 3,483 3,472
Marketing 1,615 1,943
Other taxes 1,494 1,871
Professional services and legal 1,286 1,720
FDIC insurance 1,040 1,049
Other 7,088 6,129
Total Noninterest Expense 55,091 54,520
Income Before Taxes 41,701 39,160
Income tax expense 8,300 7,921
Net Income $ 33,401 $ 31,239
Earnings per share—basic (in dollars per share) $ 0.87 $ 0.82
Earnings per share—diluted (in dollars per share) 0.87 0.81
Dividends declared per common share (in dollars per share) $ 0.34 $ 0.33
Comprehensive Income $ 49,758 $ 24,443
Debit and credit card    
NONINTEREST INCOME    
Revenues from contract with customers 4,188 4,235
Service charges on deposit accounts    
NONINTEREST INCOME    
Revenues from contract with customers 3,962 3,828
Wealth management    
NONINTEREST INCOME    
Revenues from contract with customers $ 3,084 $ 3,042