v3.26.3
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - 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 $ 65,495 $ 53,928 $ 182,278 $ 158,384
Securities:        
Taxable 4,166 4,638 12,689 14,030
Non-taxable 849 853 2,553 2,456
Federal funds sold and interest-bearing deposits in banks 5,900 5,101 16,525 13,707
Total interest income 76,410 64,520 214,045 188,577
Interest expense:        
Deposits 24,038 19,925 66,632 59,814
Short-term borrowings   0 38 0
Subordinated debt 238 835 719 2,505
Junior subordinated deferrable interest debentures 673 741 1,994 2,209
Total interest expense 24,949 21,501 69,383 64,528
Net interest income 51,461 43,019 144,662 124,049
Provision for credit losses 830 500 1,440 3,420
Net interest income, after provision for credit losses 50,631 42,519 143,222 120,629
Noninterest income:        
Service charges on deposit accounts 2,531 2,266 7,152 6,505
Net gain on sales of loans 1,783 2,338 6,848 7,584
Bank card services and interchange fees 3,542 3,403 10,868 10,553
Other mortgage banking income 3,095 237 6,795 710
Investment commissions 593 428 1,614 1,288
Fiduciary fees 855 729 2,446 2,161
Other 1,411 1,764 3,525 5,154
Total noninterest income 13,810 11,165 39,248 33,955
Noninterest expense:        
Salaries and employee benefits 22,388 19,413 66,059 58,562
Occupancy and equipment, net 4,266 4,046 12,549 12,045
Professional services 1,940 1,293 6,745 4,897
Marketing and development 1,028 979 3,061 2,803
IT and data services 1,759 1,184 5,108 3,529
Bank card expenses 1,805 1,637 5,029 4,670
Other 4,888 4,472 14,913 13,091
Total noninterest expense 38,074 33,024 113,464 99,597
Income before income taxes 26,367 20,660 69,006 54,987
Income tax expense 5,602 4,342 14,704 11,770
Net income $ 20,765 $ 16,318 $ 54,302 $ 43,217
Earnings per share:        
Basic (in Dollars per share) $ 1.1 $ 1 $ 3 $ 2.65
Diluted (in Dollars per share) $ 1.06 $ 0.96 $ 2.89 $ 2.55
Net income $ 20,765 $ 16,318 $ 54,302 $ 43,217
Other comprehensive income (loss):        
Unrealized gains (losses) on securities available for sale (33,156) 12,450 (29,984) 16,749
Less: Change in fair value on hedged state and municipal securities 936 (878) 1,172 (4,703)
Tax effect 6,766 (2,430) 6,050 (2,529)
Other comprehensive income (loss) (25,454) 9,142 (22,762) 9,517
Comprehensive income (loss) $ (4,689) $ 25,460 $ 31,540 $ 52,734