v3.26.1
CONSOLIDATED STATEMENTS OF INCOME — (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest income:        
Loans, including fees: Taxable $ 66,761 $ 78,514 $ 132,320 $ 156,182
Loans, including fees: Tax exempt 343 573 726 929
Loans held for sale 128 377 230 4,940
Investment securities:        
Taxable 18,989 16,618 37,139 31,593
Tax exempt 435 432 871 860
Nonmarketable equity securities 534 694 1,117 1,341
Federal funds sold and cash investments 987 716 1,796 1,434
Total interest income 88,177 97,924 174,199 197,279
Interest expense:        
Deposits 24,526 32,290 48,729 66,905
Short-term borrowings 202 573 433 1,273
Federal Home Loan Bank advances 2,349 3,766 5,019 6,929
Subordinated debt 380 1,394 760 2,781
Trust preferred debentures 1,131 1,206 2,252 2,406
Total interest expense 28,588 39,229 57,193 80,294
Net interest income 59,589 58,695 117,006 116,985
Provision for credit losses:        
Provision for credit losses on loans 7,109 17,369 12,512 28,219
Recapture of credit losses on unfunded commitments (290) 0 (690) 0
Total provision for credit losses 6,819 17,369 11,822 28,219
Net interest income after provision for credit losses 52,770 41,326 105,184 88,766
Noninterest income:        
Wealth management revenue 8,768 7,379 17,016 14,729
Service charges on deposit accounts 3,449 3,351 6,804 6,656
Interchange revenue 3,553 3,463 7,081 6,614
Residential mortgage banking revenue 686 756 1,312 1,432
Income on company-owned life insurance 2,127 2,068 4,203 4,402
Loss on sales of investment securities, net 0 0 (1,731) 0
Credit enhancement income 3,081 3,848 6,441 3,270
Other income 2,104 2,669 4,764 4,194
Total noninterest income 23,768 23,534 45,890 41,297
Noninterest expense:        
Salaries and employee benefits 27,354 25,685 53,511 52,101
Occupancy and equipment 4,229 4,166 8,764 8,664
Data processing 6,994 7,035 14,059 13,954
FDIC insurance 781 1,422 1,310 2,885
Professional services 1,665 2,792 3,907 5,533
Marketing 1,211 1,283 2,452 2,076
Communications 359 334 790 663
Loan expense 3,147 1,990 6,451 3,325
Loan servicing fees 1,050 1,386 2,167 2,136
Impairment on goodwill 0 0 0 153,977
Amortization of intangible assets 664 827 1,381 1,738
Other expense 3,301 3,072 6,387 5,945
Total noninterest expense 50,755 49,992 101,179 252,997
Income (loss) before income taxes 25,783 14,868 49,895 (122,934)
Income tax expense 5,895 2,844 11,544 6,016
Net income (loss) 19,888 12,024 38,351 (128,950)
Preferred dividends 2,228 2,228 4,456 4,456
Net income (loss) available to common shareholders $ 17,660 $ 9,796 $ 33,895 $ (133,406)
Per common share data:        
Basic earnings (loss) per common share (in dollars per share) $ 0.82 $ 0.44 $ 1.56 $ (6.13)
Diluted earnings (loss) per common share (in dollars per share) $ 0.82 $ 0.44 $ 1.56 $ (6.13)
Weighted average common shares outstanding (in shares) 21,074,683 21,820,190 21,187,341 21,808,475
Weighted average diluted common shares outstanding (in shares) 21,074,683 21,820,190 21,187,341 21,808,475