v3.26.1
CONDENSED 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:        
Interest and fees on loans receivable $ 102,336 $ 75,408 $ 203,663 $ 147,787
Securities:        
Taxable 12,411 10,118 22,558 19,863
Tax-exempt 141 149 289 305
Dividends 768 96 1,184 195
Total interest and dividend income 115,656 85,771 227,694 168,150
INTEREST EXPENSE:        
Deposits 36,454 32,276 72,421 64,910
Borrowed funds and finance lease liabilities 1,857 222 3,559 458
Subordinated notes and debentures 1,001 1,076 2,047 2,154
Total interest expense 39,312 33,574 78,027 67,522
NET INTEREST INCOME 76,344 52,197 149,667 100,628
PROVISION FOR CREDIT LOSS EXPENSE 1,777 4,338 2,775 5,894
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSS EXPENSE 74,567 47,859 146,892 94,734
NON-INTEREST INCOME:        
Service charges on deposit accounts 2,010 1,656 4,044 3,370
Other service charges and fees 417 427 839 937
Wealth and asset management fees 2,728 2,109 5,085 3,905
Net realized gains on available-for-sale securities (includes $0, $0, $331 and $0 accumulated other comprehensive income reclassifications for net realized gains on available-for-sale securities, respectively) 0 0 331 0
Net realized and unrealized gains on equity securities 707 567 618 318
Mortgage banking 269 172 610 268
Bank owned life insurance 1,167 976 2,153 1,736
Card processing and interchange income 2,804 2,278 5,390 4,385
Other non-interest income 1,200 823 2,230 2,596
Total non-interest income 11,302 9,008 21,300 17,515
NON-INTEREST EXPENSES:        
Compensation and benefits 22,712 19,348 47,695 39,912
Net occupancy expense 5,085 4,032 10,534 8,070
Amortization of core deposit intangible 1,016 16 2,021 33
Technology expense 7,205 5,462 14,386 10,840
State and local taxes 2,046 1,301 2,867 2,593
Legal, professional, and examination fees 1,718 997 2,490 1,846
Advertising 728 556 1,516 1,070
FDIC insurance premiums 1,021 937 1,828 1,922
Card processing and interchange expenses 1,470 1,253 2,977 2,413
Merger and integration costs 0 357 0 1,886
Other non-interest expenses 7,707 5,358 13,581 10,070
Total non-interest expenses 50,708 39,617 99,895 80,655
INCOME BEFORE INCOME TAXES 35,161 17,250 68,297 31,594
INCOME TAX EXPENSE (includes $0, $0, $70 and $0 income tax expense from reclassification items, respectively) 6,857 3,294 12,957 6,157
NET INCOME 28,304 13,956 55,340 25,437
PREFERRED STOCK DIVIDENDS 1,075 1,075 2,150 2,150
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $ 27,229 $ 12,881 $ 53,190 $ 23,287
AVERAGE COMMON SHARES OUTSTANDING, Basic (in share) 29,354,439 20,881,164 29,335,934 20,874,106
AVERAGE COMMON SHARES OUTSTANDING, Diluted (in shares) 29,492,359 20,952,891 29,465,809 20,939,424
PER COMMON SHARE DATA:        
Basic Earnings Per Common Share (in dollars per share) $ 0.92 $ 0.61 $ 1.80 $ 1.11
Diluted Earnings Per Common Share (in dollars per share) 0.91 0.61 1.79 1.10
Cash Dividends Declared (in dollars per share) $ 0.19 $ 0.18 $ 0.38 $ 0.36