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 $ 68,136 $ 60,838 $ 197,684 $ 180,339
Investment securities available-for-sale 1,826 1,805 5,099 5,248
Federal funds sold and other 2,330 2,248 7,438 6,650
Total interest income 72,292 64,891 210,221 192,237
Interest expense        
Deposits 18,959 12,732 55,551 45,966
Borrowed funds 255 139 1,265 558
Total interest expense 19,214 12,871 56,816 46,524
Net interest income 53,078 52,020 153,405 145,713
Provision for credit losses 4,903 4,650 11,502 10,977
Provision for (release of) credit losses on unfunded commitments (54) 217 216 217
Net interest income after provision for credit losses 48,229 47,153 141,687 134,519
Noninterest income        
Loan servicing rights (government guaranteed) 523 368 1,312 250
Other income (loss) 1,182 (440) 2,934 1,788
Total noninterest income 15,039 11,068 42,773 36,723
Noninterest expenses        
Salaries and employee benefits 21,116 17,728 61,500 54,255
Occupancy and equipment 4,144 2,849 11,648 8,754
Professional fees 4,919 2,131 14,009 6,665
Data processing 7,708 7,654 23,026 22,286
Advertising 1,566 1,714 4,848 4,864
Loan processing 543 1,114 3,401 2,836
Merger-related expenses 1,577 697 1,577 3,361
Operational and other card fraud related losses 930 923 2,310 2,759
Regulatory assessment expenses 930 740 2,796 2,513
Other operating 2,289 2,804 7,474 7,686
Total noninterest expenses 45,722 38,354 132,589 115,979
Income before income taxes 17,546 19,867 51,871 55,263
Income tax expense 4,424 4,802 12,481 13,130
Net income $ 13,122 $ 15,065 $ 39,390 $ 42,133
Basic earnings per share (in dollars per share) $ 0.81 $ 0.91 $ 2.42 $ 2.54
Diluted earnings per share (in dollars per share) $ 0.80 $ 0.89 $ 2.40 $ 2.50
Weighted average common shares outstanding:        
Basic (in shares) 16,294,485 16,585,538 16,308,989 16,611,360
Diluted (in shares) 16,482,326 16,844,035 16,436,525 16,850,292
Service charges on deposits        
Noninterest income        
Noninterest income $ 418 $ 425 $ 1,230 $ 945
Credit card fees        
Noninterest income        
Noninterest income 4,520 4,509 13,607 12,529
Mortgage banking revenue        
Noninterest income        
Noninterest income 1,849 1,927 5,365 5,512
Government lending revenue        
Noninterest income        
Noninterest income 1,474 14 3,604 4,222
Government loan servicing revenue        
Noninterest income        
Noninterest income $ 5,073 $ 4,265 $ 14,721 $ 11,477