v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Interest and dividend income    
Loans, including fees $ 122,594 $ 110,865
Securities 6,690 5,397
Overnight deposits 5,329 1,925
Other interest and dividends 319 583
Total interest income 134,932 118,770
Interest expense    
Deposits 48,730 47,178
Borrowed funds   4,316
Trust preferred securities 293 324
Total interest expense 49,023 51,818
Net interest income 85,909 66,952
Provision for credit losses (2,300) 4,506
Net interest income after provision for credit losses 88,209 62,446
Non-interest income    
Non-interest income 2,609 3,565
Other income 307 1,465
Total non-interest income 2,581 3,638
Non-interest expense    
Compensation and benefits 24,148 21,739
Bank premises and equipment 2,729 2,463
Professional fees 3,229 4,986
Technology costs 4,196 2,220
Deposit related program fees 6,799 4,187
FDIC assessments 1,850 2,967
Other expenses 3,449 4,160
Total non-interest expense 46,400 42,722
Net income before income tax expense 44,390 23,362
Income tax expense 12,964 7,008
Net income $ 31,426 $ 16,354
Earnings per common share    
Basic earnings (in dollars per share) $ 2.94 $ 1.46
Diluted earnings (in dollars per share) $ 2.92 $ 1.45
Service charges on deposit accounts    
Non-interest income    
Non-interest income $ 2,274 $ 2,173
Revenue, Product and Service [Extensible Enumeration] Service charges on deposit accounts Service charges on deposit accounts