v3.26.1
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Interest income:    
Loans, including fees $ 106,459,000 $ 99,600,000
Federal funds sold and interest bearing due from banks 5,030,000 2,001,000
Mortgage loans held for sale 70,000 77,000
Federal Home Loan Bank stock 392,000 532,000
Investment securities:    
Taxable 5,243,000 8,495,000
Tax-exempt 448,000 461,000
Total interest income 117,642,000 111,166,000
Interest expense:    
Deposits 35,462,000 34,581,000
Securities sold under agreements to repurchase 401,000 814,000
Federal funds purchased and other short-term borrowings 65,000 70,000
Federal Home Loan Bank advances 2,927,000 4,741,000
Subordinated debentures 366,000 408,000
Total interest expense 39,221,000 40,614,000
Net interest income 78,421,000 70,552,000
Provision for credit losses 1,625,000 900,000
Net interest income after provision expense 76,796,000 69,652,000
Non-interest income:    
Mortgage banking income [1] 930,000 917,000
Bank owned life insurance [1] 632,000 622,000
Gain on sale of premises and equipment [1] 479,000 0
Total non-interest income 24,594,000 22,996,000
Non-interest expenses:    
Compensation 29,166,000 25,932,000
Employee benefits 6,169,000 5,785,000
Net occupancy and equipment 4,320,000 4,123,000
Technology and communication 5,335,000 4,828,000
Debit and credit card processing 1,922,000 1,819,000
Marketing and business development 1,278,000 1,515,000
Postage, printing and supplies 913,000 969,000
Legal and professional 876,000 907,000
FDIC insurance 1,146,000 1,223,000
Capital and deposit based taxes 878,000 700,000
Intangible amortization 799,000 914,000
Other 2,440,000 2,312,000
Total non-interest expenses 55,242,000 51,027,000
Income before income tax expense 46,148,000 41,621,000
Income tax expense 9,553,000 8,350,000
Net income $ 36,595,000 $ 33,271,000
Net income per share - basic (in dollars per share) $ 1.25 $ 1.13
Net income per share - diluted (in dollars per share) $ 1.24 $ 1.13
Weighted average outstanding shares    
Basic (in shares) 29,387 29,349
Diluted (in shares) 29,502 29,501
Fiduciary and Trust [Member]    
Non-interest income:    
Non-interest income $ 11,335,000 $ 10,647,000
Deposit Account [Member]    
Non-interest income:    
Non-interest income 2,156,000 2,079,000
Credit and Debit Card [Member]    
Non-interest income:    
Non-interest income 4,638,000 4,508,000
Treasury Management [Member]    
Non-interest income:    
Non-interest income 2,988,000 2,673,000
Investment Advisory, Management and Administrative Service [Member]    
Non-interest income:    
Non-interest income 1,061,000 1,010,000
Product and Service, Other [Member]    
Non-interest income:    
Non-interest income $ 375,000 $ 540,000
[1] Outside of the scope of ASC 606.