v3.26.1
Condensed Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ 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, including loans held for sale $ 80,328 $ 75,828 $ 158,179 $ 148,564
Interest and dividends on securities        
Taxable 7,254 5,709 14,036 11,484
Tax exempt 563 613 1,173 1,230
Interest and dividends on Federal Reserve Bank and Federal Home Loan Bank stock 169 181 340 369
Interest on Federal Reserve Bank deposits 2,817 3,142 5,059 5,790
Other, including interest on federal funds sold 107 98 206 188
Total interest income 91,238 85,571 178,993 167,625
Interest expense:        
Interest on deposits 26,839 28,170 52,286 55,628
Interest on repurchase agreements and federal funds purchased 2,592 2,352 5,191 4,670
Interest on advances from Federal Home Loan Bank 0 13 0 13
Interest on long-term debt 918 996 1,845 2,007
Total interest expense 30,349 31,531 59,322 62,318
Net interest income 60,889 54,040 119,671 105,307
Provision for credit losses 2,771 2,094 5,082 5,662
Net interest income after provision for credit losses 58,118 51,946 114,589 99,645
Noninterest income:        
Deposit related fees 7,657 7,350 14,812 14,172
Gains on sales of loans, net 61 77 112 124
Trust and wealth management income 4,724 4,092 9,186 8,073
Loan related fees 1,146 1,249 2,185 2,214
Bank owned life insurance revenue 1,188 1,102 2,902 2,137
Brokerage revenue 528 526 1,048 1,020
Securities gains 924 150 436 630
Other noninterest income 1,371 1,625 2,332 2,698
Total noninterest income 17,599 16,171 33,013 31,068
Noninterest expense:        
Officer salaries and employee benefits 5,294 5,610 10,092 10,007
Other salaries and employee benefits 17,926 16,044 35,233 31,765
Occupancy, net 2,564 2,389 5,446 5,140
Equipment 803 783 1,620 1,472
Data processing 2,851 3,326 5,806 6,185
Taxes other than property and payroll 619 573 1,236 1,102
Legal fees 330 319 780 879
Professional fees 754 682 1,468 1,347
Advertising and marketing 841 765 1,541 1,438
FDIC insurance 751 688 1,495 1,377
Other real estate owned provision and expense 38 64 83 125
Repossession expense 306 264 684 457
Other noninterest expense 4,293 4,156 8,423 8,577
Total noninterest expense 37,370 35,663 73,907 69,871
Income before income taxes 38,347 32,454 73,695 60,842
Income taxes 8,724 7,555 16,880 13,971
Net income 29,623 24,899 56,815 46,871
Other comprehensive income (loss):        
Unrealized holding gains (losses) arising during the period (512) 7,258 (4,807) 23,653
Less: Reclassification adjustments for realized gains included in net income 12 1 12 1
Tax expense (benefit) (132) 1,809 (1,203) 5,900
Other comprehensive income (loss), net of tax (392) 5,448 (3,616) 17,752
Comprehensive income $ 29,231 $ 30,347 $ 53,199 $ 64,623
Basic earnings per share (in Dollars per share) $ 1.64 $ 1.38 $ 3.15 $ 2.6
Diluted earnings per share (in Dollars per share) $ 1.64 $ 1.38 $ 3.14 $ 2.6
Weighted average shares outstanding-basic (in Shares) 18,064 18,012 18,056 18,004
Weighted average shares outstanding-diluted (in Shares) 18,099 18,036 18,090 18,029