v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest income:        
Interest and fees on loans and leases $ 109,557 $ 108,816 $ 218,247 $ 216,118
Interest and dividends on taxable investment securities 16,208 15,593 32,734 30,965
Interest on tax-exempt investment securities 731 960 1,546 1,928
Other interest income 1,084 1,038 1,874 1,938
Total interest income 127,580 126,407 254,401 250,949
Interest expense:        
Interest on deposits 27,651 33,876 56,281 69,040
Interest on short-term borrowings 4,623 1,388 9,582 1,896
Interest on long-term borrowings 2,578 3,566 5,390 7,181
Total interest expense 34,852 38,830 71,253 78,117
Net interest income 92,728 87,577 183,148 172,832
Provision for credit losses 4,709 16,642 14,403 26,832
Net interest income after provision for credit losses 88,019 70,935 168,745 146,000
Non-interest income:        
Lease income 4,977 4,211 9,558 7,679
Insurance income 4,331 4,549 9,911 10,603
Bank owned life insurance income 1,189 1,112 2,351 2,245
Mortgage banking income 598 220 974 616
Net loss on asset disposals and other transactions (446) (280) (856) (641)
Net loss on investment securities (8,181) 0 (8,181) (2)
Other non-interest income 893 1,456 2,059 2,906
Total non-interest income 20,378 26,880 48,632 53,979
Non-interest expense:        
Salaries and employee benefit costs 40,012 38,893 79,847 78,714
Data processing and software expense 7,850 7,356 15,386 14,361
Net occupancy and equipment expense 5,765 5,690 11,989 11,302
Professional fees 4,018 3,610 6,771 6,697
Electronic banking expense 2,225 2,018 4,306 4,043
Operating lease expense 1,797 1,053 3,601 2,038
Amortization of other intangible assets 1,697 2,211 3,394 4,424
Federal Deposit Insurance Corporation ("FDIC") insurance expense 1,370 1,251 2,780 2,502
Other loan expenses 1,278 1,213 2,401 2,332
Franchise tax expense 972 678 1,976 1,607
Travel and entertainment expense 726 713 1,309 1,213
Communication expense 605 712 1,194 1,446
Marketing expense 604 718 1,490 1,621
Other non-interest expense 3,840 4,246 7,950 8,849
Total non-interest expense 72,759 70,362 144,394 141,149
Income before income taxes 35,638 27,453 72,983 58,830
Income tax expense 7,685 6,241 16,024 13,282
Net income $ 27,953 $ 21,212 $ 56,959 $ 45,548
Earnings per common share - basic (in usd per share) $ 0.79 $ 0.60 $ 1.61 $ 1.29
Earnings per common share - diluted (in usd per share) $ 0.78 $ 0.59 $ 1.59 $ 1.28
Weighted-average number of common shares outstanding - basic (in shares) 35,173,525 34,972,065 35,141,267 34,934,105
Weighted-average number of common shares outstanding - diluted (in shares) 35,566,566 35,331,707 35,529,515 35,299,418
Cash dividends declared $ 15,107 $ 14,616 $ 29,754 $ 28,843
Cash dividends declared per common share (in usd per share) $ 0.42 $ 0.41 $ 0.83 $ 0.81
Electronic banking income        
Non-interest income:        
Revenue from contract with customer $ 6,543 $ 6,272 $ 12,470 $ 12,157
Trust and investment income        
Non-interest income:        
Revenue from contract with customer 5,986 5,281 11,591 10,342
Deposit account service charges        
Non-interest income:        
Revenue from contract with customer $ 4,488 $ 4,059 $ 8,755 $ 8,074