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 $ 70,840 $ 70,886 $ 140,335 $ 139,676
Interest and dividends on investment securities 11,975 11,571 23,760 23,058
Other interest income 261 410 544 1,184
Total interest income 83,076 82,867 164,639 163,918
Interest expense:        
Deposits 27,523 31,803 54,755 63,939
Short-term borrowings 818 386 1,458 877
Long-term borrowings 1,374 1,556 3,072 3,116
Total interest expense 29,715 33,745 59,285 67,932
Net interest income 53,361 49,122 105,354 95,986
Provision for credit losses 3,108 2,562 5,347 5,490
Net interest income after provision for credit losses 50,253 46,560 100,007 90,496
Noninterest income:        
Service charges on deposits 1,083 1,089 2,127 2,141
Card interchange income 2,063 1,937 3,955 3,777
Investment advisory 3,287 2,885 6,348 5,622
Company owned life insurance 2,884 2,965 5,656 5,742
Investments in limited partnerships (140) 307 84 722
Loan servicing 201 180 352 303
Income from derivative instruments, net 518 339 757 589
Net gain on sale of loans held for sale 181 140 306 257
Net gain on sale of investment securities 0 3 328 3
Net loss on other assets 27 0 (454) 0
Net loss on tax credit investments (350) (512) (802) (1,026)
Other 1,200 1,284 2,970 2,860
Total noninterest income 10,954 10,617 21,627 20,990
Noninterest expense:        
Salaries and employee benefits 19,165 18,070 37,766 34,968
Occupancy and equipment 3,941 3,982 7,806 7,572
Professional services 1,263 1,451 2,613 3,142
Computer and data processing 5,512 5,879 11,723 11,366
FDIC assessments 987 1,392 1,973 2,859
Advertising and promotions 592 495 1,116 837
Amortization of intangibles 96 105 194 212
Deposit-related charged-off items expense (recoveries) 126 233 235 (61)
Other 3,923 4,075 7,774 8,472
Total noninterest expense 35,605 35,682 71,200 69,367
Income before income taxes 25,602 21,495 50,434 42,119
Income tax expense 4,418 3,963 8,265 7,709
Net income 21,184 17,532 42,169 34,410
Preferred stock dividends 365 364 729 729
Net income available to common shareholders $ 20,819 $ 17,168 $ 41,440 $ 33,681
Earnings per common share (Note 2):        
Basic $ 1.06 $ 0.85 $ 2.11 $ 1.68
Diluted 1.04 0.85 2.08 1.66
Cash dividends declared per common share $ 0.32 $ 0.31 $ 0.64 $ 0.62