v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest and dividend income        
Loans, including fees $ 125,642 $ 118,774 $ 248,236 $ 229,639
Securities 7,895 5,775 14,585 11,172
Overnight deposits 7,010 2,078 12,339 4,003
Other interest and dividends 391 416 710 999
Total interest income 140,938 127,043 275,870 245,813
Interest expense        
Deposits 50,194 49,823 98,924 97,001
Borrowed funds   3,247   7,563
Trust preferred securities 296 326 589 650
Total interest expense 50,490 53,396 99,513 105,214
Net interest income 90,448 73,647 176,357 140,599
Provision for credit losses 13,325 6,378 11,025 10,884
Net interest income after provision for credit losses 77,123 67,269 165,332 129,715
Non-interest income        
Non-interest income 2,586 2,610 5,195 6,175
Other income 333 492 640 1,957
Total non-interest income 2,562 2,623 5,143 6,261
Non-interest expense        
Compensation and benefits 25,362 20,255 49,510 41,994
Bank premises and equipment 3,472 2,513 6,201 4,976
Professional fees 4,615 3,583 7,844 8,569
Technology costs 4,704 3,653 8,900 5,873
Deposit related program fees 6,892 5,967 13,691 10,153
FDIC assessments 1,290 2,999 3,140 5,966
Other expenses 5,467 4,139 8,915 8,300
Total non-interest expense 51,802 43,109 98,201 85,831
Net income before income tax expense 27,883 26,783 72,274 50,145
Income tax expense 8,660 8,016 21,625 15,024
Net income $ 19,223 $ 18,767 $ 50,649 $ 35,121
Earnings per common share        
Basic earnings (in dollars per share) $ 1.55 $ 1.78 $ 4.44 $ 3.23
Diluted earnings (in dollars per share) $ 1.54 $ 1.76 $ 4.4 $ 3.2
Service charges on deposit accounts        
Non-interest income        
Non-interest income $ 2,229 $ 2,131 $ 4,503 $ 4,304
Revenue, Product and Service [Extensible Enumeration] Service charges on deposit accounts Service charges on deposit accounts Service charges on deposit accounts Service charges on deposit accounts