XML 49 R5.htm IDEA: XBRL DOCUMENT v3.25.4
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
INTEREST INCOME:      
Interest and fees on loans $ 262,900 $ 247,472 $ 217,284
Taxable interest on investment securities 44,966 54,972 58,509
Nontaxable interest on investment securities 549 651 1,854
Interest on interest earning deposits 5,821 6,617 6,818
Total interest income 314,236 309,712 284,465
INTEREST EXPENSE:      
Deposits 79,336 75,069 39,350
Junior subordinated debentures 1,872 2,139 2,074
Securities sold under agreement to repurchase 0 0 153
Borrowings 8,623 23,140 17,733
Total interest expense 89,831 100,348 59,310
Net interest income 224,405 209,364 225,155
Provision for credit losses 1,968 6,282 4,280
Net interest income after provision for credit losses 222,437 203,082 220,875
NONINTEREST INCOME:      
Loss on sale of investment securities, net (10,741) (22,742) (12,231)
Gain on sale of loans, net 0 26 343
Interest rate swap fees 496 409 230
Bank owned life insurance income 4,378 2,967 2,934
Gain on sale of other assets, net 8 1,552 2
Other income 7,844 6,224 8,079
Total noninterest income 21,732 7,473 18,663
NONINTEREST EXPENSE:      
Compensation and employee benefits 104,023 98,527 100,083
Occupancy and equipment 18,881 19,289 19,156
Data processing 14,998 14,899 17,116
Marketing 1,251 988 1,930
Professional services 4,258 2,515 4,227
State/municipal business and use taxes 4,907 4,889 4,059
Federal deposit insurance premium 3,207 3,260 3,312
Amortization of intangible assets 1,174 1,640 2,434
Other expense 12,867 12,289 14,306
Total noninterest expense 165,566 158,296 166,623
Income before income taxes 78,603 52,259 72,915
Income tax expense 11,071 9,001 11,160
Net income $ 67,532 $ 43,258 $ 61,755
Basic earnings per common share (in dollars per share) $ 1.99 $ 1.26 $ 1.76
Diluted earnings per common share (in dollars per share) 1.96 1.24 1.75
Dividends declared per share (in dollars per share) $ 0.96 $ 0.92 $ 0.88
Average number of basic shares outstanding (in shares) 33,996,149 34,465,323 35,022,247
Average number of diluted shares outstanding (in shares) 34,456,904 34,899,036 35,258,189
Service charges and other fees      
NONINTEREST INCOME:      
Service charges, other fees and card revenue $ 12,005 $ 11,285 $ 10,966
Card revenue      
NONINTEREST INCOME:      
Service charges, other fees and card revenue $ 7,742 $ 7,752 $ 8,340