v3.26.1
Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
INTEREST AND DIVIDEND INCOME    
Interest and fees on loans $ 100,042 $ 71,440
Interest on securities 2,708 2,290
Interest and dividends on cash equivalents and other 2,936 3,121
Total interest and dividend income 105,686 76,851
INTEREST EXPENSE    
Interest on deposits 39,579 32,239
Interest on borrowings 1,239 1,086
Total interest expense 40,818 33,325
NET INTEREST INCOME 64,868 43,526
PROVISION FOR CREDIT LOSSES    
Provision for credit losses - loans 6,382 947
(Release of) provision for credit losses - unfunded commitments (54) 211
Total provision for credit losses 6,328 1,158
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 58,540 42,368
NONINTEREST INCOME    
Customer service fees 3,131 2,558
Increase in cash surrender value of BOLI 853 1,031
Mortgage banking income 119 149
Swap contract income 201 88
(Loss) gain on sale of loans, net (1) 27
Other income 210 29
Total noninterest income 4,513 3,882
NONINTEREST EXPENSE    
Salaries and employee benefits 25,468 19,149
Director and professional service fees 4,049 2,148
Occupancy and equipment expenses 2,491 1,580
Data processing expenses 4,439 2,765
Marketing and charitable contribution expenses 1,033 846
FDIC and state insurance assessments 1,152 813
Merger and acquisition expenses 534  
General and administrative expenses 3,535 1,380
Total noninterest expense 42,701 28,681
INCOME BEFORE TAXES 20,352 17,569
INCOME TAX EXPENSE 5,368 4,914
NET INCOME $ 14,984 $ 12,655
Weighted average common shares outstanding, basic 40,969,748 38,755,746
Weighted average common shares outstanding, diluted 41,421,002 38,755,746
Earnings per share, basic $ 0.37 $ 0.33
Earnings per share, diluted $ 0.36 $ 0.33