v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
INTEREST AND DIVIDEND INCOME        
Interest and fees on loans $ 47,970 $ 49,080 $ 93,598 $ 99,766
Interest on debt securities 3,528 1,751 6,306 3,275
Interest on tax-exempted debt securities 297 304 595 609
Interest on deposits at other financial institutions 2,424 4,000 6,567 7,803
Interest and dividends on other interest-earning assets 713 651 1,651 1,158
Total interest and dividend income 54,932 55,786 108,717 112,611
INTEREST EXPENSE        
Interest on NOW, money market and savings accounts 10,105 11,390 20,164 22,506
Interest on time deposits 778 1,550 1,721 3,613
Interest on borrowings 695 1,429 1,394 2,820
Total interest expense 11,578 14,369 23,279 28,939
Net interest income 43,354 41,417 85,438 83,672
Provision for (reversal of) credit losses 714 (634) 333 (4,410)
Net interest income after provision for (reversal of) credit losses 42,640 42,051 85,105 88,082
NONINTEREST INCOME        
Gain on sale of loans 0 0 0 577
Income from bank owned life insurance 496 503 1,014 966
Servicing and related income on loans, net 51 102 129 244
Other (losses), charges and fees (93) 1,073 348 1,271
Total noninterest income 1,551 2,856 3,688 5,422
NONINTEREST EXPENSE        
Salaries and employee benefits 15,544 15,293 32,094 31,157
Occupancy and equipment 1,944 2,094 3,933 4,246
Data processing and communications 2,079 1,831 4,044 3,766
Legal, audit and professional 850 972 1,559 1,831
Regulatory assessments 544 545 1,071 1,267
Director and shareholder expenses 352 395 689 799
Intangible asset amortization 800 948 1,600 1,896
Litigation settlements, net 0 0 75 0
Other real estate owned expenses/losses 201 862 305 930
Other expenses 2,032 1,893 4,488 3,861
Total noninterest expense 24,346 24,833 49,858 49,753
Income before income taxes 19,845 20,074 38,935 43,751
Income tax expense 5,545 5,975 10,844 12,799
Net income $ 14,300 $ 14,099 $ 28,091 $ 30,952
Earnings per share:        
Basic (in dollars per share) $ 0.44 $ 0.43 $ 0.87 $ 0.96
Diluted (in dollars per share) $ 0.44 $ 0.43 $ 0.86 $ 0.95
Service charges and fees on deposit accounts        
NONINTEREST INCOME        
Revenue $ 827 $ 802 $ 1,638 $ 1,578
Interchange and ATM income        
NONINTEREST INCOME        
Revenue $ 270 $ 376 $ 559 $ 786