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        
Interest and fees on loans $ 67,258 $ 67,477 $ 133,937 $ 134,026
Taxable interest on investments 10,245 10,257 20,541 20,029
Nontaxable interest on investments 451 455 906 923
Dividend income 377 493 790 1,013
Other interest income 660 641 1,188 1,727
Total interest income 78,991 79,323 157,362 157,718
Interest Expense        
Interest on deposits 22,305 24,594 43,953 49,215
Interest on borrowings 2,843 4,620 6,319 8,638
Interest on junior subordinated debentures 904 900 1,793 1,798
Total interest expense 26,052 30,114 52,065 59,651
Net interest income 52,939 49,209 105,297 98,067
Provision for credit losses 710 6,920 1,263 16,349
Net interest income after provision for credit losses 52,229 42,289 104,034 81,718
Non-Interest Income        
Brokerage and insurance commissions 2,029 1,794 3,764 3,491
Mortgage banking income, net 1,161 1,060 1,989 1,568
Bank-owned life insurance 1,244 1,003 2,035 1,663
Other income 1,329 1,178 2,361 2,120
Total non-interest income 14,470 13,067 26,450 24,263
Non-Interest Expense        
Salaries and employee benefits 20,030 19,392 39,645 39,635
Furniture, equipment and data processing 4,791 4,294 9,435 9,025
Net occupancy costs 2,789 2,693 5,848 5,726
Debit card expense 1,690 1,725 3,306 3,415
Consulting and professional fees 1,405 1,310 2,326 2,808
Regulatory assessments 862 1,127 1,769 2,113
Merger and acquisition costs 0 1,405 0 8,930
Amortization of core deposit intangible assets 1,354 1,473 2,708 2,946
Other real estate owned and collection costs, net 3 91 9 181
Other expenses 4,434 4,086 8,020 7,268
Total non-interest expense 37,358 37,596 73,066 82,047
Income before income tax expense 29,341 17,760 57,418 23,934
Income Tax Expense 6,320 3,679 12,514 2,527
Net Income $ 23,021 $ 14,081 $ 44,904 $ 21,407
Per Share Data        
Basic earnings per share $ 1.36 $ 0.84 $ 2.65 $ 1.27
Diluted earnings per share 1.35 0.83 2.64 1.26
Cash dividends declared per share $ 0.42 $ 0.42 $ 0.84 $ 0.84
Weighted average number of common shares outstanding 16,905,893 16,905,159 16,915,015 16,874,974
Diluted weighted average number of common shares outstanding 17,003,132 16,972,395 17,000,407 16,941,899
Debit card income        
Non-Interest Income        
Revenue $ 3,786 $ 3,646 $ 7,208 $ 6,879
Service charges on deposit accounts        
Non-Interest Income        
Revenue 2,701 2,405 4,859 4,723
Income from fiduciary services        
Non-Interest Income        
Revenue $ 2,220 $ 1,981 $ 4,234 $ 3,819