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 income:        
Loans, including fees $ 52,263 $ 48,719 $ 102,533 $ 94,849
Investment securities:        
Taxable 7,595 6,389 14,714 12,724
Nontaxable 2,870 2,728 5,777 5,278
Federal funds sold 47 146 138 335
Total interest income 62,775 57,982 123,162 113,186
Interest expense:        
Deposits 13,407 14,206 26,115 28,684
Other short-term borrowings 3,478 1,994 6,814 4,936
FHLB borrowings 1,809 4,743 4,359 8,365
Total interest expense 18,694 20,943 37,288 41,985
Net interest income 44,081 37,039 85,874 71,201
Credit loss expense (benefit) (1,458) 1,137 (2,524) 5,007
Net interest income after credit loss expense 45,539 35,902 88,398 66,194
Noninterest income:        
Net gain on sale of loans 506 459 1,021 703
Other noninterest income 618 422 1,605 1,199
Gain on sale of investment securities 1,693 0 1,680 0
Noninterest income 10,932 8,534 19,465 16,655
Noninterest expenses:        
Salaries and employee benefits 12,332 11,251 24,878 22,616
Occupancy 1,175 1,086 2,087 2,236
Furniture, equipment and software 2,497 1,849 4,883 3,595
Office supplies and postage 535 463 1,089 975
Advertising and business development 870 801 1,888 1,635
Outside services 4,562 3,917 9,135 7,802
FDIC insurance assessment 504 497 1,030 1,009
Other noninterest expense 801 934 2,166 1,577
Noninterest expenses 23,276 20,798 47,156 41,445
Income before income taxes 33,195 23,638 60,707 41,404
Income taxes 7,183 4,986 12,752 8,319
Net income $ 26,012 $ 18,652 $ 47,955 $ 33,085
Earnings per share:        
Basic (in dollars per share) $ 1.49 $ 1.05 $ 2.74 $ 1.85
Diluted (in dollars per share) $ 1.49 $ 1.05 $ 2.74 $ 1.85
Trust fees        
Noninterest income:        
Fee income $ 4,533 $ 4,260 $ 8,499 $ 8,305
Service charges and fees        
Noninterest income:        
Fee income $ 3,582 $ 3,393 $ 6,660 $ 6,448