v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
INTEREST INCOME:    
Loans receivable $ 173,703 $ 168,677
Mortgage-backed securities 14,316 15,744
Securities and cash equivalents 9,799 9,447
Interest and Dividend Income, Operating, Total 197,818 193,868
INTEREST EXPENSE:    
Deposits 45,678 48,737
FHLB advances 40 860
Other borrowings 697 694
Subordinated debt 1,234 2,494
Interest Expense, Operating (47,649) (52,785)
Net interest income 150,169 141,083
(RECAPTURE) PROVISION FOR CREDIT LOSSES (796) 3,139
Net interest income after (recapture) provision for credit losses 150,965 137,944
NON-INTEREST INCOME:    
Deposit fees and other service charges 11,391 10,769
Mortgage banking operations 3,212 3,103
BOLI 2,312 2,575
Miscellaneous 1,826 2,346
Other operating income 18,741 18,793
Net loss on sale of securities (1,242) 0
Net change in valuation of financial instruments carried at fair value 1,662 315
Total non-interest income 19,161 19,108
NON-INTEREST EXPENSE:    
Salary and employee benefits 67,732 64,857
Less capitalized loan origination costs (3,886) (3,330)
Occupancy and equipment 10,697 12,097
Information and computer data services 8,313 7,628
Payment and card processing services 6,041 5,750
Professional and legal expenses 1,613 2,430
Advertising and marketing 673 590
Deposit insurance 2,717 2,797
State and municipal business and use taxes 1,820 1,454
Real estate operations, net 109 (61)
Amortization of core deposit intangibles 256 456
Miscellaneous 6,523 6,591
Total non-interest expense 102,608 101,259
Income before provision for income taxes 67,518 55,793
PROVISION FOR INCOME TAXES 12,802 10,658
NET INCOME $ 54,716 $ 45,135
Earnings per common share:    
Basic $ 1.61 $ 1.31
Diluted 1.60 1.30
Cumulative dividends declared per common share $ 0.50 $ 0.48
Weighted average number of common shares outstanding, Basic 34,039,234 34,509,815
Weighted average number of common shares outstanding, Diluted 34,254,587 34,778,687