XML 14 R4.htm IDEA: XBRL DOCUMENT v3.26.1
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
INTEREST INCOME:    
Interest and fees on loans $ 76,445 $ 64,436
Taxable interest on investment securities 12,570 11,739
Nontaxable interest on investment securities 129 139
Interest on interest earning deposits 1,531 1,052
Total interest income 90,675 77,366
INTEREST EXPENSE:    
Deposits 20,747 19,489
Junior subordinated debentures 430 471
Borrowings 279 3,716
Interest Expense, Operating, Total 21,456 23,676
Net interest income 69,219 53,690
(Reversal of) provision for credit losses (1,030) 51
Net interest income after (reversal of) provision for credit losses 70,249 53,639
NONINTEREST INCOME:    
Loss on sale of investment securities, net 0 (3,887)
Bank owned life insurance income 1,119 918
Gain on sale of other assets, net 0 3
Other income 2,110 2,161
Total noninterest income 8,699 3,903
NONINTEREST EXPENSE:    
Compensation and employee benefits 33,972 25,799
Occupancy and equipment 5,330 4,926
Data processing 5,093 3,897
Marketing 383 335
Professional services 2,842 734
State/municipal business and use taxes 1,674 1,220
Federal deposit insurance premium 1,037 812
Foreclosed Real Estate Expense 4 0
Amortization of intangible assets 2,058 303
Other expense 4,158 3,357
Total noninterest expense 56,551 41,383
Income before income taxes 22,397 16,159
Income tax expense 3,450 2,248
Net income $ 18,947 $ 13,911
Basic earnings per share (in dollars per share) $ 0.49 $ 0.41
Diluted earnings per share (in dollars per share) 0.48 0.40
Dividends declared per share (in dollars per share) $ 0.24 $ 0.24
Average Number of Basic Common Shares Outstanding (in shares) 38,683,375 34,012,490
Average number of diluted shares outstanding (in shares) 39,104,569 34,506,238
Net Income $ 18,947 $ 13,911
Service charges and other fees    
NONINTEREST INCOME:    
Service charges, other fees and card revenue 3,367 2,975
Card revenue    
NONINTEREST INCOME:    
Service charges, other fees and card revenue $ 2,103 $ 1,733