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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Interest and Dividend Income      
Interest and fees on loans and loans held for sale $ 134,739 $ 108,612 $ 82,785
Interest on investment securities available for sale 13,756 15,833 9,679
Dividends on marketable equity securities 876 766 563
Interest on investment securities held to maturity 1,892 1,893 1,511
Dividends on Federal Home Loan Bank stock 314 203 125
Interest on deposits in other banks 2,342 4,644 5,665
Total Interest Income 153,919 131,951 100,328
Interest Expense      
Interest expense on deposits 39,347 26,511 4,485
Interest expense on borrowings 986 1,784 339
Interest expense on junior subordinated debentures 403 400 389
Total Interest Expense 40,736 28,695 5,213
Net Interest Income 113,183 103,256 95,115
Provision for credit losses 3,293 3,842 1,846
Net Interest Income After Provision for Credit Losses 109,890 99,414 93,269
Other Operating Income      
Mortgage banking income 24,002 12,763 21,572
Purchased receivable income 7,146 4,482 2,002
Commercial servicing revenue 486 554 1,628
Unrealized gain (loss) on marketable equity securities 465 120 (1,119)
Gain on sale of marketable equity securities, net 112 0 0
Keyman insurance proceeds 0 0 2,002
Other income 3,116 2,550 2,684
Total Other Operating Income 42,041 26,375 34,077
Other Operating Expense      
Salaries and other personnel expense 67,847 61,741 58,172
Data processing expense 10,986 9,821 8,926
Occupancy expense 7,609 7,394 6,915
Professional and outside services 4,351 3,128 2,993
Marketing expense 3,028 2,929 2,747
Insurance expense 2,961 2,519 2,054
Intangible asset amortization expense 0 17 25
OREO (income) expense, net of rental income and gains on sale (385) (794) 500
Other operating expense 8,540 7,426 6,520
Total Other Operating Expense 104,937 94,181 88,852
Income Before Provision for Income Taxes 46,994 31,608 38,494
Provision for income taxes 10,023 6,214 7,753
Net Income $ 36,971 $ 25,394 $ 30,741
Earnings Per Share, Basic (in USD per share) $ 6.72 $ 4.53 $ 5.33
Earnings Per Share, Diluted (in USD per share) $ 6.62 $ 4.49 $ 5.27
Weighted Average Shares Outstanding, Basic (in shares) 5,502,797 5,601,471 5,765,088
Weighted Average Shares Outstanding, Diluted (in shares) 5,583,983 5,661,460 5,829,412
Bankcard fees      
Other Operating Income      
Revenue from contract with customer $ 4,366 $ 3,862 $ 3,697
Service charges on deposit accounts      
Other Operating Income      
Revenue from contract with customer $ 2,348 $ 2,044 $ 1,611