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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest income    
Interest and fees on loans and leases $ 54,035 $ 55,408
Interest and dividends on investment securities 10,462 6,703
Interest on deposits with others 2,641 4,530
Total interest income 67,138 66,641
Interest expense    
Deposits 13,805 14,645
Borrowed funds 0 62
Subordinated debentures 192 221
Total interest expense 13,997 14,928
Net interest income 53,141 51,713
Provision for credit losses 300 0
Net interest income after provision for credit losses 52,841 51,713
Non-interest income    
Card processing 1,667 1,629
Net gain on deferred compensation benefits 833 1,158
Service charges on deposit accounts 772 748
Increase in cash surrender value of BOLI 603 595
Other 1,146 945
Total non-interest income 5,021 5,075
Non-interest expense    
Salaries and employee benefits 17,144 17,503
Data processing 1,638 1,455
Occupancy 1,302 1,232
Net gain on deferred compensation benefits 833 1,158
Deposit insurance 748 712
Professional services 922 541
Marketing 467 480
Other 2,455 2,440
Total non-interest expense 25,509 25,521
INCOME BEFORE INCOME TAXES 32,353 31,267
Income tax expense 9,344 8,544
NET INCOME $ 23,009 $ 22,723
Earnings per common share:    
Basic (in dollars per share) $ 32.88 $ 30.56
Diluted (in dollars per share) $ 32.86 $ 30.56
Weighted average number of common shares    
Basic (in shares) 699,736 743,515
Diluted (in shares) 700,215 743,515