v3.25.4
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Interest and dividend income      
Loans, including fees $ 277,138 $ 245,815 $ 211,213
Securities, taxable 38,801 39,091 23,873
Securities, nontaxable 1,221 1,579 1,960
Federal funds sold and other 13,675 10,358 9,666
Total interest and dividend income 330,835 296,843 246,712
Interest expense      
Deposits 88,455 90,409 70,473
Federal funds purchased and retail repurchase agreements 936 1,151 931
Federal Home Loan Bank advances 8,208 10,180 3,944
Federal Reserve Bank borrowings   1,361 4,755
Subordinated debt 7,155 7,580 7,591
Total interest expense 104,754 110,681 87,694
Net interest income 226,081 186,162 159,018
Provision (reversal) for credit losses 8,953 2,546 1,873
Net interest income after provision (reversal) for credit losses 217,128 183,616 157,145
Non-interest income      
Increase in value of bank-owned life insurance 7,717 4,966 4,059
Net gain on acquisition and branch sales 0 2,131 0
Net gain (loss) from securities transactions (53,174) 220 (51,909)
Other 8,127 10,568 7,560
Total non-interest income (16,028) 38,822 (19,129)
Non-interest expense      
Salaries and employee benefits 84,786 72,786 64,384
Net occupancy and equipment 15,801 14,371 12,325
Data processing 20,279 20,004 17,433
Professional fees 6,467 6,503 5,754
Advertising and business development 5,228 5,366 5,425
Telecommunications 2,462 2,501 1,963
FDIC insurance 2,579 2,483 2,195
Courier and postage 3,235 2,599 2,046
Free nationwide ATM cost 2,204 2,127 2,073
Amortization of core deposit intangibles 4,503 4,289 3,374
Loan expense 890 601 540
Other real estate owned and repossessed assets, net 1,029 (7,525) 617
Merger expenses 8,065 4,461 297
Loss on debt extinguishment 1,361 0 0
Other 15,831 13,591 17,175
Total non-interest expense 174,720 144,157 135,601
Income (loss) before income tax 26,380 78,281 2,415
Provision (benefit) for income taxes 3,654 15,660 (5,406)
Net income (loss) and net income (loss) allocable to common stockholders $ 22,726 $ 62,621 $ 7,821
Basic earnings (loss) per share $ 1.24 $ 4.04 $ 0.50
Diluted earnings (loss) per share $ 1.23 $ 4.00 $ 0.50
Service Charges and Fees [Member]      
Non-interest income      
Non-interest income $ 9,321 $ 9,830 $ 10,187
Debit Card Income [Member]      
Non-interest income      
Non-interest income 11,414 10,246 10,322
Mortgage Banking [Member]      
Non-interest income      
Non-interest income $ 567 $ 861 $ 652