v3.26.3
Consolidated Statements of Income - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
INTEREST AND DIVIDEND INCOME        
Interest and fees on loans $ 110,730,000 $ 77,365,000 $ 317,345,000 $ 223,524,000
Interest on securities 3,144,000 2,253,000 8,609,000 6,850,000
Interest and dividends on cash equivalents and other 2,282,000 2,070,000 7,679,000 8,012,000
Total interest and dividend income 116,156,000 81,688,000 333,633,000 238,386,000
INTEREST EXPENSE        
Interest on deposits 42,896,000 31,273,000 123,161,000 95,201,000
Interest on borrowings 1,820,000 2,240,000 5,020,000 4,478,000
Total interest expense 44,716,000 33,513,000 128,181,000 99,679,000
NET INTEREST INCOME 71,440,000 48,175,000 205,452,000 138,707,000
PROVISION FOR CREDIT LOSSES        
Provision for credit losses - loans 1,391,000 1,041,000 10,767,000 6,232,000
(Release of) provision for credit losses - unfunded commitments (145,000) 355,000   (517,000)
Total provision for credit losses 1,246,000 1,396,000 10,767,000 5,715,000
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 70,194,000 46,779,000 194,685,000 132,992,000
NONINTEREST INCOME        
Customer service fees 3,505,000 2,498,000 10,317,000 7,610,000
Increase in cash surrender value of BOLI 808,000 631,000 2,623,000 2,449,000
Mortgage banking income 165,000 148,000 376,000 417,000
Swap contract income 479,000 208,000 751,000 820,000
(Loss) gain on sale of loans, net (185,000) 45,000 41,000 93,000
Other income 333,000 152,000 1,069,000 747,000
Total noninterest income 5,105,000 3,682,000 15,177,000 12,136,000
NONINTEREST EXPENSE        
Salaries and employee benefits 27,499,000 18,641,000 78,515,000 56,358,000
Director and professional service fees 4,158,000 2,920,000 12,023,000 8,010,000
Occupancy and equipment expenses 3,047,000 1,559,000 8,005,000 4,604,000
Data processing expenses 5,351,000 2,911,000 14,689,000 8,169,000
Marketing and charitable contribution expenses 1,073,000 949,000 3,636,000 2,750,000
FDIC and state insurance assessments 1,434,000 928,000 4,170,000 2,624,000
Core deposit intangible amortization expense 892,000 37,000 2,675,000 112,000
General and administrative expenses 2,827,000 2,554,000 9,285,000 6,251,000
Total noninterest expense 46,281,000 30,499,000 132,998,000 88,878,000
INCOME BEFORE TAXES 29,018,000 19,962,000 76,864,000 56,250,000
INCOME TAX EXPENSE 5,885,000 4,600,000 17,624,000 13,654,000
NET INCOME $ 23,133,000 $ 15,362,000 $ 59,240,000 $ 42,596,000
Weighted average common shares outstanding, basic (in shares) 39,432,499 35,372,205 40,030,768 37,100,616
Weighted average common shares outstanding, diluted (in shares) 39,833,964 35,579,456 40,417,396 37,289,349
Earnings per share, basic (in dollars per share) $ 0.59 $ 0.43 $ 1.48 $ 1.15
Earnings per share, diluted (in dollars per share) $ 0.58 $ 0.43 $ 1.47 $ 1.14