v3.26.3
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Interest income        
Loans $ 66,454,000 $ 65,751,000 $ 192,764,000 $ 192,219,000
Investment securities - taxable 9,901,000 9,367,000 29,658,000 27,717,000
Investment securities - tax-exempt 814,000 881,000 2,537,000 2,634,000
Short-term investments 567,000 1,123,000 1,843,000 4,904,000
Total interest income 77,736,000 77,122,000 226,802,000 227,474,000
Interest expense        
Deposits 21,269,000 22,639,000 64,942,000 69,754,000
Securities sold under agreements to repurchase and federal funds purchased 6,000 107,000 132,000 297,000
FHLB advances and other borrowings 2,931,000 1,791,000 6,921,000 3,939,000
Subordinated notes and trust preferred debt 210,000 1,597,000 3,651,000 4,223,000
Total interest expense 24,416,000 26,134,000 75,646,000 78,213,000
Net interest income 53,320,000 50,988,000 151,156,000 149,261,000
Provision for credit losses - loans 1,126,000 396,000 2,192,000 51,000
Recovery of credit losses - unfunded loan commitments (84,000) 0 (460,000) (100,000)
Net interest income after net provision for (recovery of) credit losses 52,278,000 50,592,000 149,424,000 149,310,000
Noninterest income        
Service charges on deposit accounts 2,186,000 2,014,000 6,507,000 5,975,000
Interchange income 1,597,000 1,620,000 4,712,000 4,488,000
Other service charges, commissions and fees 730,000 983,000 2,014,000 2,047,000
Swap fee income 436,000 816,000 2,426,000 1,879,000
Trust and investment management income 3,870,000 3,636,000 11,686,000 11,184,000
Brokerage income 2,098,000 1,641,000 5,785,000 4,775,000
Mortgage banking activities 212,000 522,000 974,000 1,302,000
Income from life insurance 1,410,000 1,471,000 6,547,000 4,071,000
Investment securities gains 15,000 50,000 70,000 71,000
Other income 824,000 629,000 2,070,000 2,129,000
Total noninterest income 13,378,000 13,382,000 42,791,000 37,921,000
Noninterest expenses        
Salaries and employee benefits 22,400,000 21,439,000 65,786,000 63,191,000
Occupancy 2,092,000 1,907,000 6,056,000 5,567,000
Furniture and equipment 2,017,000 2,168,000 6,161,000 7,394,000
Data processing 1,752,000 1,116,000 4,992,000 3,005,000
Automated teller and interchange fees 1,106,000 892,000 3,412,000 2,184,000
Advertising and bank promotions 423,000 154,000 2,232,000 1,730,000
FDIC insurance 627,000 652,000 1,810,000 2,150,000
Professional services 1,015,000 1,703,000 3,438,000 5,545,000
Directors' compensation 377,000 350,000 1,180,000 854,000
Taxes other than income 1,022,000 828,000 2,439,000 2,065,000
Intangible asset amortization 2,115,000 2,410,000 6,533,000 7,417,000
Merger-related expenses 0 0 0 2,617,000
Restructuring expenses 0 0 0 91,000
Other operating expenses 2,388,000 2,678,000 7,689,000 8,277,000
Total noninterest expenses 37,334,000 36,297,000 111,728,000 112,087,000
Income before income tax expense 28,322,000 27,677,000 80,487,000 75,144,000
Income tax expense 5,507,000 5,812,000 14,705,000 15,780,000
Net income $ 22,815,000 $ 21,865,000 $ 65,782,000 $ 59,364,000
Per share information:        
Basic earnings per share (in usd per share) $ 1.18 $ 1.14 $ 3.40 $ 3.09
Diluted earnings per share (in usd per share) 1.17 1.13 3.38 3.07
Dividends paid per share (in usd per share) $ 0.30 $ 0.27 $ 0.90 $ 0.79