v3.25.3
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Fee Revenue and Other Income:        
Fee revenues $ 27,443 $ 28,057 $ 81,802 $ 83,391
Gain (Loss) on Sale of Investments 4 0 (3,572) (13)
Other 1,768 1,060 4,657 3,512
Total fee revenue and other income 28,843 28,763 81,829 85,935
Interest Income:        
Interest and fees on loans 15,632 14,567 46,819 40,935
Interest and dividends on investment securities:        
Taxable 4,491 3,114 11,996 10,117
Exempt from federal income taxes 1,188 893 2,629 2,709
Interest on federal funds sold and other short-term investments 3,860 4,200 10,755 11,908
Total interest income 25,171 22,774 72,199 65,669
Interest Expense:        
Interest on deposits 4,151 5,156 12,431 15,646
Interest Expense, Operating 4,151 5,156 12,431 15,646
Net interest income 21,020 17,618 59,768 50,023
(Release of) provision for credit losses (193) (140) 737 355
Net interest income after (release of) provision for credit losses 21,213 17,758 59,031 49,668
Total net revenue 50,056 46,521 140,860 135,603
Operating Expense:        
Total personnel expenses 27,606 26,522 82,637 79,673
Occupancy 734 699 2,124 2,016
Equipment 2,513 2,058 7,369 5,825
Amortization of intangible assets 293 173 879 519
Other operating expense 7,295 6,746 21,081 21,494
Total operating expense 38,441 42,757 112,090 117,374
Income from continuing operations, before income tax expense 11,615 3,764 28,770 18,229
Income tax expense 2,403 736 5,848 3,829
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent 9,212 3,028 22,922 14,400
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent (106) (90) 4,005 174
Net income $ 9,106 $ 2,938 $ 26,927 $ 14,574
Income (Loss) from Continuing Operations, Per Basic Share $ 0.70 $ 0.23 $ 1.73 $ 1.07
Basic earnings per share (in dollars per share) 0.69 0.22 2.03 1.08
Income (Loss) from Continuing Operations, Per Diluted Share 0.69 0.22 1.69 1.05
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share (0.01) (0.01) 0.30 0.01
Diluted earnings per share (in dollars per share) 0.68 0.21 1.99 1.06
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share $ (0.01) $ (0.01) $ 0.30 $ 0.01
Salaries and commissions $ 20,105 $ 20,530 $ 60,406 $ 60,445
Share-based compensation expense 1,018 863 3,177 2,508
Profit Sharing Expense 1,685 627 4,770 2,978
Net periodic cost (benefit) 0 195 0 581
Other benefits 4,798 4,307 14,284 13,161
Bad debt expense 0 6,559 (2,000) 7,847
Processing fees        
Fee Revenue and Other Income:        
Fee revenues 16,655 16,686 50,206 50,361
Financial fees        
Fee Revenue and Other Income:        
Fee revenues $ 10,416 $ 11,017 $ 30,538 $ 32,075