v3.26.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest income:        
Loans and leases $ 116,814 $ 117,230 $ 230,237 $ 230,790
Investment securities, taxable 12,402 8,602 24,106 16,755
Investment securities, tax-exempt 304 297 611 574
Other 1,561 1,087 2,260 2,401
Total interest income 131,081 127,216 257,214 250,520
Interest expense:        
Deposits 34,465 39,106 67,043 78,952
Short-term borrowings 1,507 809 3,227 1,041
Subordinated notes 971 1,007 1,966 2,021
Long-term debt and mandatorily redeemable securities 996 1,102 1,698 2,376
Total interest expense 37,939 42,024 73,934 84,390
Net interest income 93,142 85,192 183,280 166,130
Provision for credit losses - loans and leases 1,978 7,884 8,988 9,996
(Recovery of) provision for credit losses - unfunded loan commitments (439) (194) (177) 959
Provision for credit losses 1,539 7,690 8,811 10,955
Net interest income after provision for credit losses 91,603 77,502 174,469 155,175
Noninterest income:        
Mortgage banking 858 1,116 1,869 1,969
Insurance commissions 1,791 1,685 4,302 4,125
Equipment rental 540 779 1,129 1,678
Gains (losses) on investment securities available-for-sale 13 (997) 13 (997)
Other 4,959 5,452 9,097 10,477
Total noninterest income 25,019 23,057 48,020 46,160
Noninterest expense:        
Salaries and employee benefits 33,152 31,800 65,973 63,915
Net occupancy 3,387 3,035 6,935 6,259
Furniture and equipment 1,665 1,684 3,127 3,031
Data Processing 7,492 7,410 15,065 14,701
Depreciation - leased equipment 423 619 877 1,337
Professional fees 2,152 1,499 3,727 3,167
FDIC and other insurance 1,454 1,438 2,903 2,878
Business development and marketing 2,064 1,884 3,967 3,809
Other 3,236 3,061 6,968 6,409
Total noninterest expense 55,025 52,430 109,542 105,506
Income before income taxes 61,597 48,129 112,947 95,829
Income tax expense 14,055 10,803 25,444 20,980
Net income 47,542 37,326 87,503 74,849
Net loss (income) attributable to noncontrolling interests 2 (7) (3) (10)
Net income $ 47,544 $ 37,319 $ 87,500 $ 74,839
Per common share:        
Basic net income per common share (in dollars per share) $ 1.95 $ 1.51 $ 3.58 $ 3.02
Diluted net income per common share (in dollars per share) $ 1.95 $ 1.51 $ 3.58 $ 3.02
Basic weighted average common shares outstanding (in shares) 24,073,382 24,541,385 24,174,463 24,544,120
Diluted weighted average common shares outstanding (in shares) 24,073,382 24,541,385 24,174,463 24,544,120
Trust and wealth advisory        
Noninterest income:        
Trust and wealth advisory, service charges on deposit accounts, and debit card income $ 8,692 $ 7,266 $ 15,710 $ 13,932
Service charges on deposit accounts        
Noninterest income:        
Trust and wealth advisory, service charges on deposit accounts, and debit card income 3,432 3,189 6,786 6,260
Debit card        
Noninterest income:        
Trust and wealth advisory, service charges on deposit accounts, and debit card income $ 4,734 $ 4,567 $ 9,114 $ 8,716