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 AND DIVIDEND INCOME        
Loans $ 66,019 $ 58,723 $ 129,490 $ 116,566
Securities 49,552 43,737 93,741 85,390
Interest-bearing deposits in banks 1,592 1,639 3,246 2,833
Total interest and dividend income 117,163 104,099 226,477 204,789
INTEREST EXPENSE        
Deposits 30,563 30,593 59,177 59,510
Borrowed funds 543 597 1,087 1,793
Total interest expense 31,106 31,190 60,264 61,303
NET INTEREST INCOME 86,057 72,909 166,213 143,486
Provision for credit losses 4,429 4,890 17,917 5,486
Net interest income after provision for credit losses 81,628 68,019 148,296 138,000
NON-INTEREST INCOME        
Trust Department fees 4,232 3,879 8,538 8,069
Service charges on deposit accounts 6,863 3,873 14,067 7,311
Bank-owned life insurance income 648 796 1,971 1,422
Losses on sale of securities and other assets, net (39) (1,041) (861) (1,721)
Gain on sale of loans and changes in fair value on loans held-for-sale, net 0 18 12 850
Equity method investments income (loss) 227 51 850 (2,458)
Other income 373 449 1,013 957
Total non-interest income 12,304 8,025 25,590 14,430
NON-INTEREST EXPENSE        
Compensation and employee benefits 27,181 23,240 52,930 46,554
Occupancy and depreciation 3,523 3,476 7,677 6,768
Professional fees 3,008 3,283 6,744 8,022
Technology 7,412 5,485 14,030 11,103
Office maintenance and depreciation 484 570 1,034 1,199
Amortization of intangible assets 105 144 209 287
Advertising and promotion 900 412 1,505 463
Federal deposit insurance premiums 1,030 900 2,035 1,800
Other expense 3,669 3,074 7,036 6,038
Total non-interest expense 47,312 40,584 93,200 82,234
Income before income taxes 46,620 35,460 80,686 70,196
Income tax expense 11,854 9,471 20,697 19,179
Net income $ 34,766 $ 25,989 $ 59,989 $ 51,017
Earnings per common share - basic (in dollars per share) $ 1.16 $ 0.85 $ 2.01 $ 1.67
Earnings per common share - diluted (in dollars per share) $ 1.15 $ 0.84 $ 1.99 $ 1.65