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 income:        
Interest and fees on loans $ 102,668 $ 84,784 $ 193,654 $ 164,702
Interest on investment securities        
Taxable 7,517 5,069 13,529 10,051
Exempt from federal income tax 1,858 1,826 3,731 3,621
Interest on certificates of deposit 34 28 55 64
Interest on federal funds sold 6 0 8 1
Interest on deposits with other financial institutions 2,801 1,694 4,527 2,521
Total interest income 114,884 93,401 215,504 180,960
Interest expense:        
Interest on deposits 30,328 24,964 55,102 48,686
Interest on repurchase agreements with customers 1,030 1,218 2,055 2,398
Interest on other borrowings 2,579 2,043 4,977 3,874
Interest on subordinated debt 710 849 1,880 1,798
Interest on junior subordinated debt 578 464 1,046 932
Total interest expense 35,225 29,538 65,060 57,688
Net interest income 79,659 63,863 150,444 123,272
Provision for credit losses 1,545 2,567 4,143 4,219
Net interest income after provision for credit losses 78,114 61,296 146,301 119,053
Other income:        
Wealth management revenues 8,206 5,394 14,581 11,205
Insurance commissions 8,870 7,840 19,677 17,765
Service charges 3,459 2,995 6,539 5,896
Investment securities gains (losses), net 63 0 83 (181)
Mortgage banking revenue, net 814 1,070 1,535 1,781
ATM/debit card revenue 4,799 4,636 8,934 8,282
Bank owned life insurance 1,544 1,206 2,884 2,893
Other income 1,078 452 1,041 816
Total other income 28,833 23,593 55,274 48,457
Other expense:        
Salaries and employee benefits 38,460 33,623 73,476 65,371
Net occupancy and equipment expense 10,892 7,869 20,718 16,348
Net other real estate owned expense 218 75 430 176
FDIC insurance expense 1,063 873 2,003 1,722
Amortization of intangible assets 3,878 3,121 7,179 6,352
Stationery and supplies 311 367 613 798
Legal and professional 2,760 2,757 5,460 5,833
ATM/debit card expense 2,218 1,144 4,025 2,975
Marketing and donations 818 777 1,642 1,629
Other expense 10,009 4,156 15,806 8,030
Total other expense 70,627 54,762 131,352 109,234
Income before income taxes 36,320 30,127 70,223 58,276
Income taxes 8,531 6,689 16,107 12,667
Net income $ 27,789 $ 23,438 $ 54,116 $ 45,609
Per share data:        
Basic net income per common share $ 1.05 $ 0.98 $ 2.11 $ 1.91
Diluted net income per common share $ 1.04 $ 0.98 $ 2.1 $ 1.9