v3.25.2
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
 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 $ 65,373 $ 60,608 $ 129,809 $ 118,470
Taxable interest on investment securities 11,579 14,156 23,318 28,990
Nontaxable interest on investment securities 137 165 276 346
Interest on interest earning deposits 1,411 1,653 2,463 3,129
Total interest income 78,500 76,582 155,866 150,935
INTEREST EXPENSE:        
Deposits 20,150 18,453 39,639 34,841
Junior subordinated debentures 472 539 943 1,086
Borrowings 2,895 6,477 6,611 12,365
Interest Expense, Operating, Total 23,517 25,469 47,193 48,292
Net interest income 54,983 51,113 108,673 102,643
Provision for credit losses 956 1,268 1,007 2,660
Net interest income after provision for credit losses 54,027 49,845 107,666 99,983
NONINTEREST INCOME:        
Loss on sale of investment securities, net (6,854) (1,921) (10,741) (11,894)
Gain on sale of loans, net 0 0 0 26
Interest rate swap fees 19 52 19 52
Bank owned life insurance income 1,280 931 2,198 1,851
Gain on sale of other assets, net 5 49 8 49
Other income 2,127 1,388 4,288 2,888
Total noninterest income 1,517 5,246 5,420 2,346
NONINTEREST EXPENSE:        
Compensation and employee benefits 25,467 24,448 51,266 49,924
Occupancy and equipment 4,840 4,765 9,766 9,697
Data processing 3,666 3,584 7,563 6,915
Marketing 336 244 671 455
Professional services 1,122 795 1,856 1,362
State/municipal business and use taxes 1,205 1,160 2,425 2,460
Federal deposit insurance premium 810 812 1,622 1,607
Amortization of intangible assets 302 421 605 842
Other expense 3,337 2,867 6,694 6,204
Total noninterest expense 41,085 39,096 82,468 79,466
Income before income taxes 14,459 15,995 30,618 22,863
Income tax expense 2,244 1,836 4,492 2,956
Net income $ 12,215 $ 14,159 $ 26,126 $ 19,907
Basic earnings per share (in dollars per share) $ 0.36 $ 0.41 $ 0.77 $ 0.58
Diluted earnings per share (in dollars per share) 0.36 0.41 0.76 0.57
Dividends declared per share (in dollars per share) $ 0.24 $ 0.23 $ 0.48 $ 0.46
Average Number of Basic Common Shares Outstanding (in shares) 34,028,592 34,609,900 34,037,067 34,717,685
Average number of diluted shares outstanding (in shares) 34,446,710 34,919,395 34,512,260 35,127,407
Net Income $ 12,215 $ 14,159 $ 26,126 $ 19,907
Service charges and other fees        
NONINTEREST INCOME:        
Service charges, other fees and card revenue 2,932 2,817 5,907 5,605
Card revenue        
NONINTEREST INCOME:        
Service charges, other fees and card revenue $ 2,008 $ 1,930 $ 3,741 $ 3,769