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UNAUDITED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Interest income        
Interest and fees on loans and leases $ 56,190 $ 49,690 $ 111,598 $ 97,698
Interest and dividends on investment securities 7,424 5,445 14,127 11,108
Interest on deposits with others 6,217 5,882 10,747 11,843
Total interest income 69,831 61,017 136,472 120,649
Interest expense        
Deposits 17,906 8,391 32,551 12,105
Borrowed funds 924 0 986 0
Subordinated debentures 220 204 441 400
Total interest expense 19,050 8,595 33,978 12,505
Net interest income 50,781 52,422 102,494 108,144
Provision for credit losses 0 2,557 0 4,057
Net interest income after provision for credit losses 50,781 49,865 102,494 104,087
Non-interest income        
Card processing 1,764 1,712 3,393 3,303
Service charges on deposit accounts 749 690 1,497 1,324
Increase in cash surrender value of BOLI 602 506 1,197 950
Gain on BOLI death benefit 0 0 0 4,346
Net loss on sale of securities available-for-sale 0 0 0 (5,686)
Net gain on deferred compensation benefits 414 1,302 1,572 2,198
Other 1,238 1,237 2,183 2,472
Total non-interest income 4,767 5,447 9,842 8,907
Non-interest expense        
Salaries and employee benefits 17,999 17,937 35,502 37,521
Net gain on deferred compensation benefits 414 1,302 1,572 2,198
Data Processing 1,535 1,307 2,990 2,567
Occupancy 1,243 1,228 2,475 2,408
Deposit insurance 702 673 1,414 1,365
Professional services 621 673 1,162 1,355
Marketing 562 425 1,042 895
Other 2,346 3,277 4,786 6,696
Total non-interest expense 25,422 26,822 50,943 55,005
INCOME BEFORE INCOME TAXES 30,126 28,490 61,393 57,989
Income tax expense 8,359 7,182 16,903 13,134
NET INCOME $ 21,767 $ 21,308 $ 44,490 $ 44,855
Earnings per common share:        
Basic (in dollars per share) $ 29.39 $ 28.03 $ 59.95 $ 58.83
Diluted (in dollars per share) $ 29.39 $ 28.03 $ 59.95 $ 58.83
Weighted average number of common shares        
Basic (in shares) 740,752 760,308 742,150 762,443
Diluted (in shares) 740,752 760,308 742,150 762,443