v3.25.2
Unaudited 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 and dividend income:        
Loans and leases $ 143,933 $ 145,585 $ 287,242 $ 290,850
Debt securities 6,691 6,480 13,456 13,358
Restricted equity securities 1,062 1,376 2,265 2,868
Short-term investments 2,386 1,914 4,837 3,738
Total interest and dividend income 154,072 155,355 307,800 310,814
Interest expense:        
Deposits 52,682 59,721 106,160 116,605
Borrowed funds 12,705 15,633 27,125 32,620
Total interest expense 65,387 75,354 133,285 149,225
Net interest income 88,685 80,001 174,515 161,589
Provision for credit losses on loans 6,997 5,607 12,971 13,030
Provision (recovery) of credit losses on investments 3 (39) 15 (83)
Net interest income after provision for credit losses 81,685 74,433 161,529 148,642
Non-interest income:        
Loan level derivative income (loss) (4) 106 66 543
Gain on sales of loans and leases held-for-sale 264 130 288 130
Other 2,766 2,457 5,578 4,618
Total non-interest income 5,970 6,396 11,630 12,680
Non-interest expense:        
Compensation and employee benefits 35,147 34,762 71,000 71,391
Occupancy 5,349 5,551 11,070 11,320
Equipment and data processing 6,841 6,732 13,853 13,763
Professional services 1,471 1,745 3,197 3,645
FDIC insurance 1,880 2,025 3,917 3,909
Advertising and marketing 1,371 1,504 2,239 3,078
Amortization of identified intangible assets 1,431 1,669 2,861 3,377
Merger and restructuring expense 439 823 1,410 823
Other 4,132 4,373 8,536 8,892
Total non-interest expense 58,061 59,184 118,083 120,198
Income before provision for income taxes 29,594 21,645 55,076 41,124
Provision for income taxes 7,568 5,273 13,950 10,087
Net income $ 22,026 $ 16,372 $ 41,126 $ 31,037
Earnings per common share:        
Basic (in dollars per share) $ 0.25 $ 0.18 $ 0.46 $ 0.35
Diluted (in dollars per share) $ 0.25 $ 0.18 $ 0.46 $ 0.35
Weighted average common shares outstanding:        
Basic (in shares) 89,104,605 88,904,692 89,104,060 88,899,635
Diluted (in shares) 89,612,781 89,222,315 89,590,267 89,201,912
Dividends paid per common share (in dollars per share) $ 0.135 $ 0.135 $ 0.270 $ 0.270
Deposit fees        
Non-interest income:        
Non-interest income, fees $ 2,472 $ 3,001 $ 4,833 $ 5,898
Loan fees        
Non-interest income:        
Non-interest income, fees $ 472 $ 702 $ 865 $ 1,491