v3.26.1
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Interest Income    
Interest and fees on loans $ 66,679 $ 66,549
Taxable interest on investments 10,296 9,772
Nontaxable interest on investments 455 468
Dividend income 413 520
Other interest income 528 1,086
Total interest income 78,371 78,395
Interest Expense    
Interest on deposits 21,648 24,621
Interest on borrowings 3,476 4,018
Interest on junior subordinated debentures 889 898
Total interest expense 26,013 29,537
Net interest income 52,358 48,858
Provision for credit losses 553 9,429
Net interest income after provision for credit losses 51,805 39,429
Non-Interest Income    
Brokerage and insurance commissions 1,735 1,697
Mortgage banking income, net 828 508
Bank-owned life insurance 791 660
Other income 1,032 942
Total non-interest income 11,980 11,196
Non-Interest Expense    
Salaries and employee benefits 19,615 20,243
Furniture, equipment and data processing 4,644 4,731
Net occupancy costs 3,059 3,033
Debit card expense 1,616 1,690
Consulting and professional fees 921 1,498
Regulatory assessments 907 986
Merger and acquisition costs 0 7,525
Amortization of core deposit intangible assets 1,354 1,473
Other real estate owned and collection costs, net 6 90
Other expenses 3,586 3,182
Total non-interest expense 35,708 44,451
Income before income tax expense (benefit) 28,077 6,174
Income Tax Expense (Benefit) 6,194 (1,152)
Net Income $ 21,883 $ 7,326
Per Share Data    
Basic earnings per share $ 1.29 $ 0.43
Diluted earnings per share 1.29 0.43
Cash dividends declared per share $ 0.42 $ 0.42
Weighted average number of common shares outstanding 16,924,182 16,844,827
Diluted weighted average number of common shares outstanding 17,023,959 16,929,815
Debit card income    
Non-Interest Income    
Revenue $ 3,422 $ 3,233
Service charges on deposit accounts    
Non-Interest Income    
Revenue 2,158 2,318
Income from fiduciary services    
Non-Interest Income    
Revenue $ 2,014 $ 1,838