v3.26.3
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Interest income:        
Interest and fees on loans and leases $ 111,439 $ 113,157 $ 329,686 $ 329,275
Interest and dividends on taxable investment securities 15,618 17,932 48,352 48,897
Interest on tax-exempt investment securities 679 937 2,225 2,865
Other interest income 756 782 2,630 2,720
Total interest income 128,492 132,808 382,893 383,757
Interest expense:        
Interest on deposits 27,807 34,534 85,224 103,812
Interest on short-term borrowings 4,347 3,400 12,793 5,058
Interest on long-term borrowings 2,496 3,525 7,886 10,706
Total interest expense 34,650 41,459 105,903 119,576
Net interest income 93,842 91,349 276,990 264,181
Provision for credit losses 3,569 7,280 17,972 34,112
Net interest income after provision for credit losses 90,273 84,069 259,018 230,069
Non-interest income:        
Lease income 5,696 3,643 15,254 11,322
Insurance income 4,222 4,469 14,133 15,072
Bank owned life insurance income 1,364 1,143 3,715 3,388
Mortgage banking income 582 245 1,556 861
Net loss on asset disposals and other transactions (311) (478) (1,167) (1,119)
Net loss on investment securities (4,512) (2,580) (12,693) (2,582)
Other non-interest income 1,100 1,159 3,159 4,065
Total non-interest income 25,645 23,827 74,277 77,806
Non-interest expense:        
Salaries and employee benefit costs 40,560 38,698 120,407 117,412
Data processing and software expense 7,890 7,356 23,276 21,717
Net occupancy and equipment expense 5,806 5,896 17,795 17,198
Professional fees 4,743 2,798 11,514 9,495
Electronic banking expense 2,337 2,161 6,643 6,204
Operating lease expense 2,010 1,039 5,611 3,077
Amortization of other intangible assets 1,697 2,211 5,091 6,635
Federal Deposit Insurance Corporation ("FDIC") insurance expense 1,260 1,284 4,040 3,786
Other loan expenses 1,309 1,385 3,710 3,717
Franchise tax expense 956 916 2,932 2,523
Travel and entertainment expense 595 796 1,904 2,009
Communication expense 598 664 1,792 2,110
Marketing expense 1,004 1,001 2,494 2,622
Other non-interest expense 3,775 3,689 11,725 12,538
Total non-interest expense 74,540 69,894 218,934 211,043
Income before income taxes 41,378 38,002 114,361 96,832
Income tax expense 8,772 8,526 24,796 21,808
Net income $ 32,606 $ 29,476 $ 89,565 $ 75,024
Earnings per common share - basic (in usd per share) $ 0.92 $ 0.83 $ 2.52 $ 2.13
Earnings per common share - diluted (in usd per share) $ 0.91 $ 0.83 $ 2.49 $ 2.10
Weighted-average number of common shares outstanding - basic (in shares) 35,197,746 35,003,054 35,160,300 34,957,341
Weighted-average number of common shares outstanding - diluted (in shares) 35,662,434 35,398,809 35,574,059 35,327,816
Cash dividends declared $ 15,116 $ 14,655 $ 44,870 $ 43,498
Cash dividends declared per common share (in usd per share) $ 0.42 $ 0.41 $ 1.25 $ 1.22
Electronic banking income        
Non-interest income:        
Revenue from contract with customer $ 6,649 $ 6,538 $ 19,119 $ 18,695
Trust and investment income        
Non-interest income:        
Revenue from contract with customer 6,176 5,414 17,767 15,756
Deposit account service charges        
Non-interest income:        
Revenue from contract with customer $ 4,679 $ 4,274 $ 13,434 $ 12,348