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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest income        
Interest and fees on loans and leases $ 54,839 $ 56,190 $ 108,874 $ 111,598
Interest and dividends on investment securities 11,036 7,424 21,498 14,127
Interest on deposits with others 4,186 6,217 6,827 10,747
Total interest income 70,061 69,831 137,199 136,472
Interest expense        
Deposits 15,999 17,906 29,804 32,551
Borrowed funds 0 924 0 986
Subordinated debentures 194 220 386 441
Total interest expense 16,193 19,050 30,190 33,978
Net interest income 53,868 50,781 107,009 102,494
Provision for credit losses 1,400 0 1,700 0
Net interest income after provision for credit losses 52,468 50,781 105,309 102,494
Non-interest income        
Card processing 1,789 1,764 3,456 3,393
Service charges on deposit accounts 744 749 1,516 1,497
Increase in cash surrender value of BOLI 627 602 1,230 1,197
Net gain on deferred compensation benefits 764 414 1,597 1,572
Other 1,595 1,238 2,741 2,183
Total non-interest income 5,519 4,767 10,540 9,842
Non-interest expense        
Salaries and employee benefits 18,432 17,999 35,576 35,502
Data processing 1,784 1,535 3,422 2,990
Occupancy 1,293 1,243 2,595 2,475
Deposit insurance 750 702 1,498 1,414
Professional services 694 621 1,616 1,162
Marketing 452 562 919 1,042
Net gain on deferred compensation benefits 764 414 1,597 1,572
Other 2,482 2,346 4,937 4,786
Total non-interest expense 26,651 25,422 52,160 50,943
INCOME BEFORE INCOME TAXES 31,336 30,126 63,689 61,393
Income tax expense 8,281 8,359 17,625 16,903
NET INCOME $ 23,055 $ 21,767 $ 46,064 $ 44,490
Earnings per common share:        
Basic (in Dollars per share) $ 33.06 $ 29.39 $ 65.94 $ 59.95
Diluted (in Dollars per share) $ 32.94 $ 29.39 $ 65.8 $ 59.95
Weighted average number of common shares        
Basic (in Shares) 697,332 740,752 698,527 742,150
Diluted (in Shares) 699,852 740,752 700,102 742,150