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 $ 94,593 $ 82,054 $ 275,070 $ 234,847
Investment securities available-for-sale 7,020 6,289 19,609 17,487
Investment securities held-to-maturity 2,359 2,882 7,306 4,489
Federal funds sold and other 2,754 1,278 8,116 5,108
Total interest income 106,726 92,503 310,101 261,931
Interest expense:        
Deposit accounts 44,709 39,030 129,577 112,791
FHLB advances and other borrowings 2,471 2,624 7,057 6,120
Total interest expense 47,180 41,654 136,634 118,911
Net interest income 59,546 50,849 173,467 143,020
Provision for credit losses 540 2,763 3,189 5,343
Net interest income after provision for credit losses 59,006 48,086 170,278 137,677
Noninterest income:        
Service charges and other fees 4,293 2,839 10,642 7,241
Earnings on bank-owned life insurance 797 786 2,295 2,206
Loss on sale of investment securities available-for-sale 0 0 (104) (338)
Gain on sale of factored receivables 0   3,463  
Gain on sales of SBA loans   0   74
Other 1,231 10 1,775 209
Total noninterest income 6,321 3,635 18,071 9,392
Noninterest expense:        
Salaries and employee benefits 24,981 19,560 74,593 56,080
Occupancy and equipment expense 3,414 2,861 10,022 8,478
Legal and professional 4,869 1,254 10,361 4,612
Data processing and network expense 1,578 1,203 4,587 3,485
Regulatory assessments 1,430 1,152 3,971 3,661
Advertising and marketing 799 499 2,175 1,411
Software purchases and maintenance 1,573 1,094 4,413 3,502
Loan operations and other real estate owned expense 1,018 29 2,211 737
Telephone and communications 166 134 468 424
Other 1,733 1,106 5,287 3,456
Total noninterest expense 41,561 28,892 118,088 85,846
Net income before income tax expense 23,766 22,829 70,261 61,223
Income tax expense 4,762 4,772 12,902 12,830
Net income 19,004 18,057 57,359 48,393
Preferred stock dividends declared 1,197 1,197 3,552 3,553
Net income available to common shareholders $ 17,807 $ 16,860 $ 53,807 $ 44,840
Earnings per common share:        
Basic earnings per share $ 1.07 $ 1.22 $ 3.36 $ 3.24
Diluted earnings per share $ 0.93 $ 1.03 $ 2.9 $ 2.77