v3.25.2
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest income:        
Loans, including loan fees $ 105,976 $ 97,975 $ 206,642 $ 191,623
Investment securities:        
Taxable 6,027 5,056 11,587 9,613
Tax-exempt 1,017 1,152 2,066 2,390
Other interest income 4,618 4,695 10,084 9,283
Total interest income 117,638 108,878 230,379 212,909
Interest expense:        
Deposits 40,472 41,386 79,937 80,376
Long-term borrowings 2,057 2,150 4,127 4,384
Total interest expense 42,529 43,536 84,064 84,760
Net interest income 75,109 65,342 146,315 128,149
Provision for credit losses 1,050 1,350 2,550 2,100
Net interest income after provision for credit losses 74,059 63,992 143,765 126,049
Noninterest income:        
Mortgage income, net 2,907 2,634 4,833 3,998
BOLI income 1,429 1,225 2,849 2,572
Deferred compensation plan asset market valuations 1,437 169 1,482 228
LSR income, net 950 1,117 2,007 2,251
Asset gains (losses), net (199) 616 (553) 2,525
Other noninterest income 1,637 1,903 3,429 4,348
Total noninterest income 20,633 19,609 38,856 39,031
Noninterest expense:        
Personnel 29,114 26,285 55,635 52,795
Occupancy, equipment and office 9,104 8,681 18,434 17,625
Business development and marketing 1,593 2,040 3,693 4,182
Data processing 4,682 4,281 9,207 8,551
Intangibles amortization 1,481 1,762 3,033 3,595
FDIC assessments 1,029 990 1,969 2,023
Other noninterest expense 2,916 2,814 5,735 5,229
Total noninterest expense 49,919 46,853 97,706 94,000
Income before income tax expense 44,773 36,748 84,915 71,080
Income tax expense 8,738 7,475 16,288 14,017
Net income $ 36,035 $ 29,273 $ 68,627 $ 57,063
Earnings per common share:        
Basic (in dollars per share) $ 2.40 $ 1.96 $ 4.53 $ 3.82
Diluted (in dollars per share) $ 2.34 $ 1.92 $ 4.42 $ 3.74
Weighted average common shares outstanding:        
Basic (in shares) 15,029,137 14,937,347 15,142,129 14,922,235
Diluted (in shares) 15,431,127 15,275,933 15,538,082 15,262,562
Wealth management fee income        
Noninterest income:        
Fees and commissions $ 6,811 $ 6,674 $ 13,786 $ 13,159
Service charges on deposit accounts        
Noninterest income:        
Fees and commissions 1,962 1,813 3,987 3,394
Card interchange income        
Noninterest income:        
Fees and commissions $ 3,699 $ 3,458 $ 7,036 $ 6,556