Consolidated Statements Of Income (Unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||
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Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
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Interest Income | ||||
Interest and fees on loans | $ 62,588,000 | $ 59,285,000 | $ 123,505,000 | $ 118,413,000 |
Interest and dividends on investment securities: | ||||
Taxable | 15,347,000 | 13,947,000 | 29,292,000 | 25,987,000 |
Tax-exempt | 712,000 | 838,000 | 1,436,000 | 1,668,000 |
Interest on deposits in depository institutions | 1,644,000 | 1,920,000 | 3,446,000 | 3,490,000 |
Total Interest Income | 80,291,000 | 75,990,000 | 157,679,000 | 149,558,000 |
Interest Expense | ||||
Interest on deposits | 16,492,000 | 15,897,000 | 33,344,000 | 29,994,000 |
Interest on securities sold under agreements to repurchase | 3,307,000 | 3,900,000 | 6,476,000 | 7,521,000 |
Interest on FHLB long-term advances | 1,568,000 | 1,568,000 | 3,120,000 | 2,991,000 |
Total Interest Expense | 21,367,000 | 21,365,000 | 42,940,000 | 40,506,000 |
Net Interest Income | 58,924,000 | 54,625,000 | 114,739,000 | 109,052,000 |
(Recovery of) Provision for credit losses | (2,000,000) | 500,000 | (2,000,000) | 320,000 |
Net Interest Income After (Recovery of) Provision for Credit Losses | 60,924,000 | 54,125,000 | 116,739,000 | 108,732,000 |
Non-Interest Income | ||||
Gains (losses) on sale of investment securities, net | 150,000 | 0 | 150,000 | (1,000) |
Unrealized (losses) gains recognized on equity securities still held, net | (263,000) | 364,000 | (268,000) | 212,000 |
Bank owned life insurance | 942,000 | 775,000 | 2,095,000 | 1,702,000 |
Other income | 894,000 | 785,000 | 1,623,000 | 1,501,000 |
Total Non-Interest Income | 19,236,000 | 18,911,000 | 37,973,000 | 36,859,000 |
Non-Interest Expense | ||||
Salaries and employee benefits | 19,995,000 | 18,751,000 | 39,189,000 | 37,629,000 |
Occupancy related expense | 2,316,000 | 2,468,000 | 4,898,000 | 4,921,000 |
Equipment and software related expense | 3,554,000 | 3,130,000 | 7,024,000 | 6,059,000 |
FDIC insurance expense | 756,000 | 718,000 | 1,532,000 | 1,429,000 |
Advertising | 964,000 | 972,000 | 1,837,000 | 1,839,000 |
Bankcard expenses | 2,203,000 | 2,290,000 | 4,418,000 | 4,329,000 |
Legal and professional fees | 651,000 | 551,000 | 1,233,000 | 1,033,000 |
Repossessed asset losses, net of expenses | 292,000 | 6,000 | 226,000 | 235,000 |
Other expenses | 5,941,000 | 5,857,000 | 11,688,000 | 11,150,000 |
Total Non-Interest Expense | 38,999,000 | 36,772,000 | 76,634,000 | 72,672,000 |
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total | 41,161,000 | 36,264,000 | 78,078,000 | 72,919,000 |
Income tax expense | 7,774,000 | 7,149,000 | 14,349,000 | 14,281,000 |
Net Income Available to Common Shareholders | $ 33,387,000 | $ 29,115,000 | $ 63,729,000 | $ 58,638,000 |
Earnings Per Share [Abstract] | ||||
Basic earnings per common share (in dollars per share) | $ 2.29 | $ 1.96 | $ 4.35 | $ 3.95 |
Diluted earnings per common share (in dollars per share) | $ 2.29 | $ 1.96 | $ 4.35 | $ 3.94 |
Taxes, Miscellaneous | $ 2,327,000 | $ 2,029,000 | $ 4,589,000 | $ 4,048,000 |
Retained Earnings | ||||
Non-Interest Expense | ||||
Net Income Available to Common Shareholders | 33,387,000 | 29,115,000 | 63,729,000 | 58,638,000 |
Service charges | ||||
Non-Interest Income | ||||
Revenue from contract with customer | 7,264,000 | 6,980,000 | 14,415,000 | 14,015,000 |
Bankcard revenue | ||||
Non-Interest Income | ||||
Revenue from contract with customer | 7,233,000 | 7,245,000 | 14,040,000 | 14,045,000 |
Wealth and investment management fee income | ||||
Non-Interest Income | ||||
Revenue from contract with customer | $ 3,016,000 | $ 2,762,000 | $ 5,918,000 | $ 5,385,000 |
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- Definition Bankcard Expenses No definition available.
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- Definition Amount charged to advertising expense for the period, which are expenses incurred with the objective of increasing revenue for a specified brand, product or product line. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Earnings on or other increases in the value of the cash surrender value of bank owned life insurance policies. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of realized gain (loss) on investment in debt and equity securities. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition This element represents equipment expense including depreciation, repairs, rentals, and service contract costs. This item also includes equipment purchases which do not qualify for capitalization in accordance with the entity's accounting policy. This item may also include furniture expenses. No definition available.
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- Definition Amount of unrealized gain (loss) on investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense for Federal Deposit Insurance Corporation (FDIC) insurance. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The net gain (loss) resulting from sales and other disposals of other real estate owned, increases (decreases) in the valuation allowance for foreclosed real estate, and write-downs of other real estate owned after acquisition or physical possession. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Represents the total of interest and dividend income, including any amortization and accretion (as applicable) of discounts and premiums, earned from (1) loans and leases whether held-for-sale or held-in-portfolio; (2) investment securities; (3) federal funds sold; (4) securities purchased under agreements to resell; (5) investments in banker's acceptances, commercial paper, or certificates of deposit; (6) dividend income; or (7) other investments not otherwise specified herein. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- References No definition available.
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- Definition The aggregate interest and fee income generated by: (1) loans the Entity has positive intent and ability to hold for the foreseeable future, or until maturity or payoff, including commercial and consumer loans, whether domestic or foreign, which may consist of: (a) industrial and agricultural; (b) real estate; and (c) real estate construction loans; (d) trade financing; (e) lease financing; (f) home equity lines-of-credit; (g) automobile and other vehicle loans; and (h) credit card and other revolving-type loans and (2) loans and leases held-for-sale which may include mortgage loans, direct financing, and sales-type leases. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Aggregate amount of interest expense on all deposits. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Aggregate amount of interest paid or due on all long-term debt. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest expense classified as operating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The aggregate interest expense incurred on short-term borrowings including commercial paper and Federal funds purchased and securities sold under agreements to repurchase. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Interest income derived from funds deposited with both domestic and foreign financial institutions including funds in money market and other accounts. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest income or expense, including any amortization and accretion (as applicable) of discounts and premiums, including consideration of the provisions for loan, lease, credit, and other related losses. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of interest income (expense) classified as operating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of operating interest income, including amortization and accretion of premiums and discounts, on securities exempt from state, federal and other income tax. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of operating interest income, including amortization and accretion of premiums and discounts, on securities subject to state, federal and other income tax. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Total aggregate amount of all noninterest expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The total amount of noninterest income which may be derived from: (1) fees and commissions; (2) premiums earned; (3) insurance policy charges; (4) the sale or disposal of assets; and (5) other sources not otherwise specified. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Represents the total of noninterest income derived from certain activities and assets including (for example): (1) venture capital investments; (2) bank owned life insurance; (3) foreign currency transactions; and (4) mortgage servicing rights. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of net occupancy expense that may include items, such as depreciation of facilities and equipment, lease expenses, property taxes and property and casualty insurance expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of noninterest expense classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of credit loss expense (reversal of expense) for financing receivable. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition All taxes not related to income of the entity or excise or sales taxes levied on the revenue of the entity that are not reported elsewhere. These taxes could include production, real estate, personal property, and pump tax. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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