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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 $ 94,221 $ 84,117 $ 185,448 $ 160,864
Taxable securities 7,354 4,403 14,247 7,469
Tax-exempt securities 334 364 676 744
Interest bearing bank balances and other 3,202 778 5,222 1,356
Total interest income 105,111 89,662 205,593 170,433
Interest expense:        
Deposits 41,616 24,364 79,558 41,524
Short-term borrowings 0 1 8 80
Advances from Federal Home Loan Bank 2,838 5,567 6,740 8,782
Other borrowings 2,270 2,188 4,626 4,352
Total interest expense 46,724 32,120 90,932 54,738
Net interest income 58,387 57,542 114,661 115,695
Provision for credit losses 3,497 916 3,533 1,439
Net interest income after provision for credit losses 54,890 56,626 111,128 114,256
Other operating income:        
Service charges on deposit accounts 5,762 5,750 11,591 12,416
Mortgage origination income 1,430 1,266 2,398 1,953
Debit card interchange 2,597 2,609 5,133 5,175
Other income 8,712 5,369 16,755 11,289
Total other operating income 18,501 14,994 35,877 30,833
Other operating expenses:        
Salaries and employee benefits expenses 32,913 32,609 63,616 63,600
Net occupancy expenses 4,916 4,738 9,421 9,210
Furniture, equipment and data processing expenses 7,488 7,270 14,770 14,586
Other expenses 9,493 10,628 19,130 19,491
Total other operating expenses 54,810 55,245 106,937 106,887
Income before income taxes 18,581 16,375 40,068 38,202
Income tax expense 3,415 3,183 7,947 7,931
Net income 15,166 13,192 32,121 30,271
Preferred stock dividends 125 0 125 0
Net income available to common shareholders 15,041 13,192 31,996 30,271
Net income available to common shareholders $ 15,041 $ 13,192 $ 31,996 $ 30,271
Earnings per common share - basic (in USD per share) $ 1.31 $ 1.15 $ 2.79 $ 2.65
Earnings per common share - diluted (in USD per share) $ 1.31 $ 1.15 $ 2.79 $ 2.64