CONDENSED 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 |
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| Interest income: | ||||
| Loans and leases, including fees | $ 61,049 | $ 50,853 | $ 118,811 | $ 100,873 |
| Securities: | ||||
| Taxable | 4,848 | 5,320 | 9,623 | 9,869 |
| Tax-exempt | 395 | 353 | 749 | 705 |
| Federal funds sold and other earning assets | 3,161 | 4,759 | 6,647 | 9,620 |
| Total interest income | 69,453 | 61,285 | 135,830 | 121,067 |
| Interest expense: | ||||
| Deposits | 28,301 | 27,439 | 55,636 | 54,474 |
| Borrowings | 70 | 148 | 140 | 276 |
| Subordinated debt | 739 | 884 | 1,472 | 1,782 |
| Total interest expense | 29,110 | 28,471 | 57,248 | 56,532 |
| Net interest income | 40,343 | 32,814 | 78,582 | 64,535 |
| Provision for credit losses | 2,411 | 883 | 3,391 | 443 |
| Net interest income after provision for credit losses | 37,932 | 31,931 | 75,191 | 64,092 |
| Noninterest income: | ||||
| Service charges on deposit accounts | 1,766 | 1,692 | 3,502 | 3,304 |
| Gain (loss) on sale of securities | (4) | (4) | ||
| Mortgage banking | 633 | 348 | 1,126 | 628 |
| Investment services | 1,440 | 1,302 | 3,209 | 2,682 |
| Insurance commissions | 1,554 | 1,284 | 2,967 | 2,387 |
| Interchange and debit card transaction fees, net | 1,342 | 1,343 | 2,562 | 2,596 |
| Other | 2,167 | 1,635 | 4,133 | 4,387 |
| Total noninterest income | 8,898 | 7,604 | 17,495 | 15,984 |
| Noninterest expense: | ||||
| Salaries and employee benefits | 19,602 | 17,261 | 38,836 | 33,900 |
| Occupancy and equipment | 3,432 | 3,324 | 6,829 | 6,720 |
| FDIC insurance | 992 | 825 | 1,952 | 1,740 |
| Other real estate and loan related expense | 757 | 538 | 1,415 | 1,123 |
| Advertising and marketing | 390 | 295 | 772 | 597 |
| Data processing and technology | 2,651 | 2,452 | 5,309 | 4,916 |
| Professional services | 1,153 | 1,064 | 2,521 | 1,989 |
| Amortization of intangibles | 566 | 608 | 1,135 | 1,220 |
| Other | 3,026 | 2,834 | 6,097 | 5,549 |
| Total noninterest expense | 32,569 | 29,201 | 64,866 | 57,754 |
| Income before income tax expense | 14,261 | 10,334 | 27,820 | 22,322 |
| Income tax expense | 2,556 | 2,331 | 4,861 | 4,962 |
| Net Income | $ 11,705 | $ 8,003 | $ 22,959 | $ 17,360 |
| Earnings per common share: | ||||
| Basic (in dollars per share) | $ 0.7 | $ 0.48 | $ 1.37 | $ 1.03 |
| Diluted (in dollars per share) | $ 0.69 | $ 0.48 | $ 1.36 | $ 1.03 |
| Weighted average common shares outstanding: | ||||
| Basic (in shares) | 16,778,988 | 16,770,819 | 16,773,293 | 16,810,277 |
| Diluted (in shares) | 16,878,736 | 16,850,250 | 16,875,608 | 16,887,374 |
| X | ||||||||||
- Definition Interest income on federal funds sold. Federal funds sold represent the excess federal funds held by one commercial bank which it lends to another commercial bank, usually at an agreed-upon (federal funds) rate of interest. Such loans generally are of short-duration (overnight) and the amount of other interest earning assets not otherwise specified in the taxonomy. No definition available.
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- Definition Fees And Commissions, Debit Cards1 No definition available.
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- Definition Fees And Commissions, Depositor Accounts1 No definition available.
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- Definition Interest expense borrowings excluding subordinated debt. No definition available.
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- Definition Mortgage and other noninterest income. No definition available.
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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 and 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 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 The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of unrealized and realized gain (loss) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). 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 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 Amount of expense recognized during the period for the foreclosure on real estate assets. No definition available.
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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 The amount of expenses incurred in the period for information technology and data processing products and services. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Income from agency and brokerage operations (includes sales of annuities and supplemental contracts); service charges, commissions, and fees from the sale of insurance and related services; and management fees from separate accounts, deferred annuities, and universal life products. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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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 Amount of interest expense classified as operating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Interest expense incurred during the reporting period on subordinated notes and debentures. Includes amortization of expenses incurred in the issuance of subordinated notes and debentures. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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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, but not limited to, amortization and accretion of premiums and discounts on securities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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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 Includes (1) underwriting revenue (the spread between the resale price received and the cost of the securities and related expenses) generated through the purchasing, distributing and reselling of new issues of securities (alternatively, could be a secondary offering of a large block of previously issued securities); and (2) fees earned for mergers, acquisitions, divestitures, restructurings, and other types of financial advisory services. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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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 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 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 The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense related loan transactions, lease transactions, credit loss from transactions other than loan and lease transactions, and other loss based on assessment of uncollectability from the counterparty to reduce the account to their net realizable value. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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