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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Interest and Dividend Income        
Interest and fees on loans and loans held for sale $ 34,863 $ 29,097 $ 97,680 $ 79,104
Interest on investment securities available for sale 3,408 4,012 10,682 11,942
Dividends on marketable equity securities 209 199 679 542
Interest on investment securities held to maturity 467 473 1,419 1,420
Dividends on Federal Home Loan Bank stock 80 43 214 114
Interest on deposits in other banks 389 584 1,459 2,901
Total Interest and Dividend Income 39,416 34,408 112,133 96,023
Interest Expense        
Interest expense on deposits 10,123 7,138 28,779 17,835
Interest expense on borrowings 357 825 729 1,381
Interest expense on junior subordinated debentures 94 95 283 283
Total Interest Expense 10,574 8,058 29,791 19,499
Net Interest Income 28,842 26,350 82,342 76,524
Provision for credit losses 2,063 1,190 2,092 2,957
Net Interest Income After Provision for Credit Losses 26,779 25,160 80,250 73,567
Other Operating Income        
Mortgage banking income 7,047 4,405 16,962 10,326
Purchased receivable income 1,033 1,180 3,620 3,175
Unrealized gain (loss) on marketable equity securities 576 12 830 (445)
Other income 1,130 833 2,652 2,406
Total Other Operating Income 11,587 8,002 29,008 19,890
Other Operating Expense        
Salaries and other personnel expense 17,549 15,657 49,593 46,324
Data processing expense 2,618 2,589 7,878 7,321
Occupancy expense 1,911 1,857 5,716 5,611
Professional and outside services 903 803 2,384 2,326
Marketing expense 860 499 2,063 1,996
Insurance expense 596 640 2,067 1,844
Intangible asset amortization expense 0 4 0 11
OREO expense, net rental income and gains on sale 2 (784) (387) (766)
Other operating expense 2,289 1,631 6,246 5,521
Total Other Operating Expense 26,728 22,896 75,560 70,188
Income Before Provision for Income Taxes 11,638 10,266 33,698 23,269
Provision for income taxes 2,813 1,892 7,654 4,488
Net Income $ 8,825 $ 8,374 $ 26,044 $ 18,781
Earnings Per Share, Basic (in USD per share) $ 1.60 $ 1.50 $ 4.73 $ 3.34
Earnings Per Share, Diluted (in USD per share) $ 1.57 $ 1.48 $ 4.67 $ 3.30
Weighted Average Common Shares Outstanding, Basic (in shares) 5,501,943 5,569,238 5,500,703 5,630,948
Weighted Average Common Shares Outstanding, Diluted (in shares) 5,583,055 5,624,906 5,574,135 5,688,687
Bankcard fees        
Other Operating Income        
Bankcard fees and Service charges on deposit accounts $ 1,196 $ 1,022 $ 3,218 $ 2,916
Service charges on deposit accounts        
Other Operating Income        
Bankcard fees and Service charges on deposit accounts $ 605 $ 550 $ 1,726 $ 1,512