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 $ 73,293 $ 73,613 $ 145,190 $ 145,343
Securities, taxable 7,714 4,233 15,122 8,019
Securities, tax-exempt 1,460 1,181 2,901 2,353
Other interest-earning assets 4,229 2,931 8,909 6,582
Total interest income 86,696 81,958 172,122 162,297
Interest expense        
Deposits 23,140 25,725 46,386 50,918
Short-term borrowings 1,488 1,919 2,967 3,682
Federal Home Loan Bank advances 2,595 2,897 5,151 5,795
Subordinated debt and other borrowings 2,215 1,938 4,459 3,875
Total interest expense 29,438 32,479 58,963 64,270
Net interest income 57,258 49,479 113,159 98,027
Provision for credit losses (1,800) 1,600 (3,600) 3,700
Net interest income after provision for credit losses 59,058 47,879 116,759 94,327
Noninterest income:        
Mortgage banking income 3,188 3,969 6,168 6,620
Earnings on bank owned life insurance 776 561 1,441 1,104
Other income 653 602 1,868 950
Total noninterest income 11,498 11,462 23,187 20,164
Noninterest expense        
Salaries and benefits 24,608 20,711 48,287 40,268
Occupancy 2,261 2,155 4,677 4,273
Furniture and equipment depreciation, rent and maintenance 988 826 1,950 1,613
Data processing costs 4,617 3,599 9,044 7,369
Core conversion costs 536 0 3,458 0
Acquisition costs 94 0 394 0
Core deposit intangible amortization 865 0 1,731 0
Other expense 5,406 6,088 11,942 10,960
Total noninterest expense 39,375 33,379 81,483 64,483
Income before federal income tax expense 31,181 25,962 58,463 50,008
Federal income tax expense 5,254 3,344 9,851 7,853
Net income $ 25,927 $ 22,618 $ 48,612 $ 42,155
Basic earnings per share (in dollars per share) $ 1.5 $ 1.39 $ 2.82 $ 2.6
Diluted earnings per share (in dollars per share) $ 1.5 $ 1.39 $ 2.82 $ 2.6
Average basic shares outstanding (in shares) 17,278,057 16,239,919 17,257,766 16,219,064
Average diluted shares outstanding (in shares) 17,278,057 16,239,919 17,257,766 16,219,064
Service Charges on Deposit and Sweep Accounts [Member]        
Noninterest income:        
Noninterest revenue $ 2,663 $ 1,967 $ 5,147 $ 3,806
Credit and Debit Card [Member]        
Noninterest income:        
Noninterest revenue 2,921 2,350 5,509 4,551
Interest Rate Swap Fees [Member]        
Noninterest income:        
Noninterest revenue 443 1,230 1,106 1,310
Payroll Processing [Member]        
Noninterest income:        
Noninterest revenue $ 854 $ 783 $ 1,948 $ 1,823