v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - 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:        
Loans, including fees $ 104,595 $ 98,695 $ 204,944 $ 194,073
Investments:        
Taxable securities 14,102 14,548 27,890 29,921
Tax exempt securities 865 879 1,731 1,763
Dividends 204 373 1,078 752
Interest bearing cash at Federal Reserve and other banks 1,220 1,866 3,170 3,929
Total interest and dividend income 120,986 116,361 238,813 230,438
Interest expense:        
Deposits 26,665 28,038 52,588 56,903
Other borrowings 7 92 8 1,061
Junior subordinated debt 684 1,712 1,361 3,413
Total interest expense 27,356 29,842 53,957 61,377
Net interest income 93,630 86,519 184,856 169,061
Provision for credit losses 2,655 4,665 5,980 8,393
Net interest income after credit loss provision 90,975 81,854 178,876 160,668
Non-interest income:        
Service charges and fees 13,998 13,650 27,158 26,328
Gain on sale of loans 485 503 882 847
Gain (loss) on sale or call of investment securities 0 4 17 (1,142)
Asset management and commission income 1,761 1,635 3,810 3,123
Increase in cash value of life insurance 875 842 1,691 1,662
Other 1,127 456 1,720 2,345
Total non-interest income 18,246 17,090 35,278 33,163
Non-interest expense:        
Salaries and related benefits 38,972 38,286 75,117 75,141
Other 23,953 22,845 46,860 45,575
Total non-interest expense 62,925 61,131 121,977 120,716
Income before provision for income taxes 46,296 37,813 92,177 73,115
Provision for income taxes 12,127 10,271 24,323 19,210
Net income $ 34,169 $ 27,542 $ 67,854 $ 53,905
Per share data:        
Basic earnings per share (in USD per share) $ 1.07 $ 0.84 $ 2.12 $ 1.64
Diluted earnings per share (in USD per share) 1.06 0.84 2.10 1.63
Dividends per share (in USD per share) $ 0.36 $ 0.33 $ 0.72 $ 0.66