v3.26.1
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Interest and fees on loans:    
Taxable $ 56,316 $ 55,212
Tax-exempt 2,068 2,245
Interest and dividends on investment securities:    
Taxable 4,035 4,134
Tax-exempt 1,133 396
Dividends 259 41
Interest on interest-bearing deposits in other banks 89 113
Interest on federal funds sold 804 285
Total interest income 64,704 62,426
Interest expense:    
Interest on deposits 18,139 20,847
Interest on short-term borrowings 372 225
Interest on long-term debt 1,404 1,177
Interest on subordinated debt 1,749 443
Interest on junior subordinated debt 173 186
Total interest expense 21,837 22,878
Net interest income 42,867 39,548
Provision for credit losses 1,387 200
Net interest income after provision for credit losses 41,480 39,348
Noninterest income:    
Mortgage banking income 241 114
Increase in cash surrender value of life insurance 497 526
Interest rate swap gain 660 43
Net gains on equity investment securities 456 71
Net gains on sale of investment securities available for sale 510  
Net gains on sale of fixed assets   680
Total noninterest income 6,898 6,256
Noninterest expense:    
Salaries and employee benefits expense 14,517 13,481
Net occupancy and equipment expense 7,675 6,610
Acquisition related expenses   154
Amortization of intangible assets 1,517 1,683
Professional fees and outside services 1,086 1,011
FDIC insurance and assessments 756 1,022
Bank shares tax 744 541
Advertising and corporate business development 1,304 859
Other expenses 2,264 1,992
Total noninterest expense 29,863 27,353
Income before income taxes 18,515 18,251
Income tax expense 3,768 3,242
Net income 14,747 15,009
Other comprehensive (loss) income:    
Unrealized (loss) gain on investment securities available for sale (3,383) 5,572
Reclassification adjustment for net gains on available for sale securities included in net income (510)  
Change in derivative fair value 156 (148)
Other comprehensive (loss) income before income tax (benefit) expense (3,737) 5,424
Income tax (benefit) expense related to other comprehensive (loss) income (820) 1,183
Other comprehensive (loss) income, net of income tax (benefit) expense (2,917) 4,241
Comprehensive income $ 11,830 $ 19,250
Per share data:    
Basic $ 1.47 $ 1.5
Diluted 1.47 1.49
Dividends declared $ 0.625 $ 0.6175
Weighted average common shares outstanding:    
Basic 10,002,903 9,992,922
Diluted 10,029,213 10,043,186
Service charges, fees, commissions and other    
Noninterest income:    
Revenue from contracts with customers $ 3,157 $ 3,404
Merchant services income    
Noninterest income:    
Revenue from contracts with customers 180 231
Commission and fees on fiduciary activities    
Noninterest income:    
Revenue from contracts with customers 551 537
Wealth management income    
Noninterest income:    
Revenue from contracts with customers $ 646 $ 650