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 $ 88,574 $ 72,469 $ 165,373 $ 139,006
Investment securities:        
Taxable 7,558 4,637 14,059 9,097
Tax-exempt 284 344 581 692
Other interest-bearing balances 117 142 227 280
Federal funds sold 159 2,428 378 2,689
Total Interest Income 96,692 80,020 180,618 151,764
INTEREST EXPENSE        
Deposits 30,619 30,981 58,467 59,245
Short-term borrowings 764 86 1,467 376
Long-term and subordinated debt 29 747 155 1,428
Total Interest Expense 31,412 31,814 60,089 61,049
Net Interest Income 65,280 48,206 120,529 90,715
Provision for credit losses - loans 557 2,245 2,205 2,566
Benefit for credit losses - credit commitments (29) 24 (83) 4
Net provision for credit losses 528 2,269 2,122 2,570
Net Interest Income After Provision for Credit Losses 64,752 45,937 118,407 88,145
NONINTEREST INCOME        
Net gain on sales of SBA loans 27 63 190 120
Earnings from cash surrender value of life insurance 1,041 491 1,746 765
Other 2,594 1,904 5,605 3,609
Total Noninterest Income 10,586 6,143 20,190 11,382
NONINTEREST EXPENSE        
Salaries and employee benefits 26,945 20,753 50,291 37,062
Software licensing and utilization 4,155 3,272 7,756 5,846
Occupancy, net 2,891 2,365 6,145 4,639
Equipment 1,684 1,248 3,237 2,342
Shares tax 822 606 1,786 1,525
Legal and professional fees 2,157 993 3,846 1,819
ATM/card processing 689 621 1,446 1,354
Intangible amortization 1,819 744 3,119 1,172
FDIC Assessment 663 994 1,463 1,984
Loss/(gain) on sale of foreclosed assets, net 4 0 495 (28)
Merger and acquisition 103 11,011 7,826 11,325
Other 5,835 5,191 12,315 9,400
Total Noninterest Expense 47,767 47,798 99,725 78,440
INCOME BEFORE PROVISION FOR INCOME TAXES 27,571 4,282 38,872 21,087
Provision for income taxes 5,880 (480) 8,475 2,583
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $ 21,691 $ 4,762 $ 30,397 $ 18,504
PER COMMON SHARE DATA:        
Basic Earnings Per Common Share (in dollars per share) $ 0.86 $ 0.22 $ 1.23 $ 0.90
Diluted Earnings Per Common Share (in dollars per share) $ 0.85 $ 0.22 $ 1.22 $ 0.89
Weighted-average basic shares outstanding (in shares) 25,330,234 21,566,617 24,643,437 20,467,349
Weighted-average diluted shares outstanding (in shares) 25,624,750 21,599,435 24,936,085 20,768,834
Fiduciary and wealth management        
NONINTEREST INCOME        
Non-interest Income $ 3,891 $ 1,406 $ 7,552 $ 2,546
ATM debit card interchange        
NONINTEREST INCOME        
Non-interest Income 1,169 958 2,204 1,877
Service charges on deposits        
NONINTEREST INCOME        
Non-interest Income 632 652 1,268 1,214
Mortgage banking        
NONINTEREST INCOME        
Non-interest Income 1,119 676 1,432 1,267
Mortgage hedging        
NONINTEREST INCOME        
Non-interest Income $ 113 $ (7) $ 193 $ (16)