v3.25.1
Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest, fee and dividend income    
Interest and fees on loans $ 138,052 $ 133,146
Securities available for sale 10,262 7,124
Securities held to maturity 4,914 5,303
Other 1,176 1,364
Total interest, fee and dividend income 154,404 146,937
Interest expense    
Deposits 42,588 44,339
Short-term borrowings 866 3,421
Long-term debt 266 290
Subordinated debt 1,822 1,800
Junior subordinated debt 1,639 1,913
Total interest expense 47,181 51,763
Net interest income 107,223 95,174
Provision for loan losses 7,554 5,579
Net interest income after provision for loan losses 99,669 89,595
Noninterest income    
Service charges on deposit accounts 4,243 4,117
Card services income 5,317 5,195
Retirement plan administration fees 15,858 14,287
Wealth management 10,946 9,697
Insurance services 4,761 4,388
Bank owned life insurance income 3,397 2,352
Net securities (losses) gains (104) 2,183
Other 3,034 3,173
Total noninterest income 47,452 45,392
Noninterest expense    
Salaries and employee benefits 60,694 55,704
Technology and data services 10,238 9,750
Occupancy 9,027 8,098
Professional fees and outside services 4,952 4,853
Office supplies and postage 1,942 1,865
FDIC assessment 1,694 1,735
Advertising 1,138 812
Amortization of intangible assets 2,111 2,168
Loan collection and other real estate owned, net 659 553
Acquisition expenses 1,221 0
Other 6,224 6,235
Total noninterest expense 99,900 91,773
Income before income tax expense 47,221 43,214
Income tax expense 10,476 9,391
Net income $ 36,745 $ 33,823
Earnings per share    
Basic (in dollars per share) $ 0.78 $ 0.72
Diluted (in dollars per share) $ 0.77 $ 0.71