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 $ 32,638 $ 30,637 $ 64,360 $ 61,306
Interest on securities -- taxable 2,058 945 4,141 2,092
Interest on securities -- tax-exempt 48 84 163 175
Interest on deposits in banks 4,865 3,722 8,726 6,984
Total interest income 39,609 35,388 77,390 70,557
Interest expense        
Interest on deposits 4,734 4,731 9,221 9,602
Total interest expense 4,734 4,731 9,221 9,602
Net interest income 34,875 30,657 68,169 60,955
Provision (recovery) for credit losses 483 (285) 861 36
Net interest income after provision for credit losses 34,392 30,942 67,308 60,919
Noninterest income        
Gain on sale of securities 210 0 208 0
Gain on sale of equity investment 10,384 0 10,384 0
Other operating income 1,444 1,207 3,476 3,098
Total noninterest income 22,341 10,340 33,798 20,569
Noninterest expense        
Salaries and employee benefits 15,127 14,349 29,494 27,684
Occupancy expense 1,529 1,290 3,195 2,866
Furniture and equipment expense 1,576 1,587 3,149 3,162
Service fees 2,858 2,475 5,647 4,959
Advertising and public relations 922 1,154 1,795 2,209
Professional fees 324 360 562 732
Amortization of intangibles 841 526 1,687 1,050
FDIC premiums and assessments 408 361 823 723
Merger expenses 0 0 2,310 0
Other operating expense 3,980 3,353 7,640 7,014
Total noninterest expense 27,565 25,455 56,302 50,399
Income before income taxes 29,168 15,827 44,804 31,089
Income tax expense 6,655 3,581 10,264 7,025
Net income $ 22,513 $ 12,246 $ 34,540 $ 24,064
Earnings per common share        
Basic (in dollars per share) $ 1.19 $ 0.67 $ 1.83 $ 1.31
Diluted (in dollars per share) $ 1.19 $ 0.67 $ 1.82 $ 1.31
Weighted average shares outstanding        
Basic (in shares) 18,879,907 18,295,465 18,902,567 18,310,032
Diluted (in shares) 18,979,314 18,400,793 18,999,498 18,427,503
Fiduciary and Trust [Member]        
Noninterest income        
Noninterest income $ 1,399 $ 1,222 $ 2,698 $ 2,384
Deposit Account [Member]        
Noninterest income        
Noninterest income 4,431 4,120 8,616 7,956
Financial Service, Other [Member]        
Noninterest income        
Noninterest income $ 4,473 $ 3,791 $ 8,416 $ 7,131