v3.25.2
Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest and Loan Fee Income:        
Loans $ 10,523 $ 11,354 $ 21,192 $ 22,678
Equity securities 195 175 390 349
Debt securities available for sale 31,028 43,927 64,458 90,170
Debt securities held to maturity 8,448 8,655 16,942 17,377
Interest-bearing cash 7,273 4,961 13,976 7,244
Total Interest and Loan Fee Income 57,467 69,072 116,958 137,818
Interest Expense:        
Bank Term Funding Program borrowings 0 2,692 0 3,535
Securities sold under repurchase agreements 144 155 311 207
Total Interest Expense 3,189 5,307 6,585 8,308
Net Interest and Loan Fee Income 54,278 63,765 110,373 129,510
(Reversal of) Provision for Credit Losses 0 0 (550) 300
Net Interest and Loan Fee Income After (Reversal of) Provision for Credit Losses 54,278 63,765 110,923 129,210
Noninterest Income:        
Bank owned life insurance gains 106 0 208 0
Other noninterest income 691 791 1,424 1,545
Total Noninterest Income 10,315 10,500 20,636 20,597
Noninterest Expense:        
Salaries and related benefits 12,303 12,483 24,429 25,069
Occupancy and equipment 5,154 5,158 10,192 10,198
Outsourced data processing services 2,709 2,511 5,406 5,047
Limited partnership operating losses 915 1,440 1,830 2,880
Courier service 687 686 1,375 1,335
Professional fees 386 362 781 764
Other noninterest expense 3,375 3,490 6,643 6,936
Total Noninterest Expense 25,529 26,130 50,656 52,229
Income Before Income Taxes 39,064 48,135 80,903 97,578
Provision for income taxes 9,998 12,673 20,800 25,699
Net Income $ 29,066 $ 35,462 $ 60,103 $ 71,879
Average Common Shares Outstanding (in shares) 25,889 26,680 26,263 26,677
Average Diluted Common Shares Outstanding (in shares) 25,889 26,681 26,263 26,678
Per Common Share Data:        
Basic earnings (in dollars per share) $ 1.12 $ 1.33 $ 2.29 $ 2.69
Diluted earnings (in dollars per share) 1.12 1.33 2.29 2.69
Dividends paid (in dollars per share) $ 0.46 $ 0.44 $ 0.9 $ 0.88
Deposit Account [Member]        
Interest Expense:        
Deposits $ 3,045 $ 2,460 $ 6,274 $ 4,566
Noninterest Income:        
Noninterest income revenue 3,368 3,469 6,749 6,939
Credit Card, Merchant Discount [Member]        
Noninterest Income:        
Noninterest income revenue 2,687 2,733 5,420 5,240
Debit Card [Member]        
Noninterest Income:        
Noninterest income revenue 1,664 1,706 3,245 3,249
Fiduciary and Trust [Member]        
Noninterest Income:        
Noninterest income revenue 867 811 1,766 1,605
ATM Processing Fees [Member]        
Noninterest Income:        
Noninterest income revenue 482 540 945 1,131
Financial Service, Other [Member]        
Noninterest Income:        
Noninterest income revenue $ 450 $ 450 $ 879 $ 888