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 fees on loans        
Interest and fees on loans, Taxable $ 85,994 $ 84,418 $ 169,105 $ 166,158
Interest and fees on loans, Tax exempt 293 291 572 583
Interest and dividends on securities        
Interest and dividends on securities, Taxable 3,764 3,457 7,605 6,846
Interest and dividends on securities, Tax exempt 3,883 3,917 7,790 7,827
Other interest income 1,214 2,302 2,063 3,426
Total interest income 95,148 94,385 187,135 184,840
Interest on deposits 36,379 39,111 69,810 75,569
Interest on short-term borrowings 468 398 2,251 1,520
Total interest expense 36,847 39,509 72,061 77,089
NET INTEREST INCOME 58,301 54,876 115,074 107,751
Provision for credit losses 1,708 3,000 3,708 9,800
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 56,593 51,876 111,366 97,951
NONINTEREST INCOME        
Wealth advisory fees 3,017 2,667 6,080 5,534
Investment brokerage fees 511 550 1,035 1,002
Service charges on deposit accounts 2,878 2,827 5,752 5,601
Loan and service fees 3,060 3,006 6,267 5,890
Merchant and interchange fee income 836 854 1,613 1,676
Bank owned life insurance income 1,617 1,040 2,593 1,362
Interest rate swap fee income 0 20 701 20
Mortgage banking income 128 124 209 73
Other income 525 398 1,255 1,256
Total noninterest income 12,572 11,486 25,505 22,414
NONINTEREST EXPENSE        
Salaries and employee benefits 20,494 17,096 40,789 34,998
Net occupancy expense 1,967 1,747 4,071 3,727
Equipment costs 1,409 1,437 2,873 2,819
Data processing fees and supplies 4,374 4,152 8,633 8,417
Corporate and business development 1,242 1,160 2,735 2,566
FDIC insurance and other regulatory fees 881 839 1,754 1,639
Professional fees 1,785 1,706 3,722 4,086
Other expense 2,305 2,295 5,031 4,943
Total noninterest expense 34,457 30,432 69,608 63,195
INCOME BEFORE INCOME TAX EXPENSE 34,708 32,930 67,263 57,170
Income tax expense 6,268 5,964 12,345 10,119
NET INCOME $ 28,440 $ 26,966 $ 54,918 $ 47,051
BASIC WEIGHTED AVERAGE COMMON SHARES (in shares) 25,058,539 25,707,233 25,201,252 25,711,004
BASIC EARNINGS PER COMMON SHARE (in dollars per share) $ 1.14 $ 1.05 $ 2.18 $ 1.83
DILUTED WEIGHTED AVERAGE COMMON SHARES (in shares) 25,231,590 25,776,205 25,361,745 25,782,817
DILUTED EARNINGS PER COMMON SHARE (in dollars per share) $ 1.13 $ 1.04 $ 2.17 $ 1.82