v3.26.3
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Interest income        
Loans, including fees $ 76,630 $ 74,659 $ 221,820 $ 220,003
Securities, taxable 7,877 4,596 22,999 12,616
Securities, tax-exempt 1,468 1,259 4,369 3,611
Other interest-earning assets 4,294 5,129 13,203 11,710
Total interest income 90,269 85,643 262,391 247,940
Interest expense        
Deposits 23,121 26,817 69,507 77,735
Short-term borrowings 1,430 1,974 4,396 5,656
Federal Home Loan Bank advances 2,611 2,895 7,762 8,689
Subordinated debt and other borrowings 2,207 1,955 6,666 5,831
Total interest expense 29,369 33,641 88,331 97,911
Net interest income 60,900 52,002 174,060 150,029
Provision for credit losses 700 200 (2,900) 3,900
Net interest income after provision for credit losses 60,200 51,802 176,960 146,129
Noninterest income:        
Mortgage banking income 3,359 3,066 9,474 9,686
Earnings on bank owned life insurance 789 858 2,230 1,961
Other income 874 827 2,759 1,777
Total noninterest income 12,303 10,388 35,437 30,552
Noninterest expense        
Salaries and benefits 26,853 21,094 75,155 61,362
Occupancy 2,308 2,122 6,985 6,395
Furniture and equipment depreciation, rent and maintenance 1,016 846 2,967 2,458
Data processing costs 4,829 3,945 13,872 11,315
Core conversion costs 438 0 3,897 0
Acquisition costs 153 606 547 628
Core deposit intangible amortization 865 0 2,596 0
Other expense 7,091 6,137 18,964 17,075
Total noninterest expense 43,553 34,750 124,983 99,233
Income before federal income tax expense 28,950 27,440 87,414 77,448
Federal income tax expense 4,878 3,682 14,729 11,535
Net income $ 24,072 $ 23,758 $ 72,685 $ 65,913
Basic earnings per share (in dollars per share) $ 1.39 $ 1.46 $ 4.21 $ 4.06
Diluted earnings per share (in dollars per share) $ 1.39 $ 1.46 $ 4.21 $ 4.06
Average basic shares outstanding (in shares) 17,286,048 16,249,267 17,267,297 16,229,243
Average diluted shares outstanding (in shares) 17,286,048 16,249,267 17,267,297 16,229,243
Service Charges on Deposit and Sweep Accounts [Member]        
Noninterest income:        
Noninterest revenue $ 2,744 $ 2,064 $ 7,874 $ 5,871
Credit and Debit Card [Member]        
Noninterest income:        
Noninterest revenue 2,912 2,371 8,421 6,922
Interest Rate Swap Fees [Member]        
Noninterest income:        
Noninterest revenue 774 377 1,880 1,687
Payroll Processing [Member]        
Noninterest income:        
Noninterest revenue $ 851 $ 825 $ 2,799 $ 2,648