v3.26.1
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest income        
Loans $ 63,315,000 $ 63,036,000 $ 126,310,000 $ 126,468,000
Investment securities - taxable 9,906,000 9,406,000 19,757,000 18,350,000
Investment securities - tax-exempt 842,000 878,000 1,723,000 1,753,000
Short-term investments 639,000 1,513,000 1,276,000 3,781,000
Total interest income 74,702,000 74,833,000 149,066,000 150,352,000
Interest expense        
Deposits 21,687,000 22,855,000 43,673,000 47,115,000
Securities sold under agreements to repurchase and federal funds purchased 29,000 106,000 126,000 190,000
FHLB advances and other borrowings 1,635,000 1,030,000 3,990,000 2,148,000
Subordinated notes and trust preferred debt 2,520,000 1,330,000 3,441,000 2,626,000
Total interest expense 25,871,000 25,321,000 51,230,000 52,079,000
Net interest income 48,831,000 49,512,000 97,836,000 98,273,000
Provision for (recovery of) credit losses - loans 338,000 209,000 1,066,000 (345,000)
Recovery of credit losses - unfunded loan commitments 0 (100,000) (376,000) (100,000)
Net interest income after net provision for (recovery of) credit losses 48,493,000 49,403,000 97,146,000 98,718,000
Noninterest income        
Service charges on deposit accounts 2,071,000 2,050,000 4,321,000 3,961,000
Interchange income 1,602,000 1,441,000 3,115,000 2,868,000
Other service charges, commissions and fees 663,000 580,000 1,284,000 1,064,000
Swap fee income 651,000 669,000 1,990,000 1,063,000
Trust and investment management income 4,072,000 3,572,000 7,816,000 7,548,000
Brokerage income 1,874,000 1,695,000 3,687,000 3,134,000
Mortgage banking activities 436,000 478,000 762,000 780,000
Income from life insurance 1,376,000 1,311,000 5,137,000 2,600,000
Investment securities gains 57,000 8,000 55,000 21,000
Other income 1,034,000 1,111,000 1,246,000 1,500,000
Total noninterest income 13,836,000 12,915,000 29,413,000 24,539,000
Noninterest expenses        
Salaries and employee benefits 22,229,000 21,364,000 43,386,000 41,752,000
Occupancy 1,883,000 1,671,000 3,964,000 3,660,000
Furniture and equipment 2,004,000 2,540,000 4,144,000 5,226,000
Data processing 1,703,000 965,000 3,240,000 1,889,000
Automated teller and interchange fees 1,167,000 615,000 2,306,000 1,292,000
Advertising and bank promotions 1,126,000 1,077,000 1,809,000 1,576,000
FDIC insurance 634,000 674,000 1,183,000 1,498,000
Professional services 1,202,000 2,016,000 2,423,000 3,842,000
Directors' compensation 389,000 293,000 803,000 504,000
Taxes other than income 392,000 295,000 1,417,000 1,237,000
Intangible asset amortization 2,179,000 2,472,000 4,418,000 5,007,000
Merger-related expenses 0 968,000 0 2,617,000
Restructuring expenses 0 0 0 91,000
Other operating expenses 2,758,000 2,664,000 5,301,000 5,599,000
Total noninterest expenses 37,666,000 37,614,000 74,394,000 75,790,000
Income before income tax expense 24,663,000 24,704,000 52,165,000 47,467,000
Income tax expense 3,505,000 5,256,000 9,198,000 9,968,000
Net income $ 21,158,000 $ 19,448,000 $ 42,967,000 $ 37,499,000
Per share information:        
Basic earnings per share (in usd per share) $ 1.10 $ 1.01 $ 2.23 $ 1.96
Diluted earnings per share (in usd per share) 1.09 1.01 2.21 1.94
Dividends paid per share (in usd per share) $ 0.30 $ 0.26 $ 0.60 $ 0.52