v3.25.2
Consolidated Statements Of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
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