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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest and Dividend Income    
Interest and fees on loans and loans held for sale $ 37,470 $ 30,450
Interest on investment securities available for sale 2,952 3,718
Dividends on marketable equity securities 145 243
Interest on investment securities held to maturity 473 482
Dividends on Federal Home Loan Bank stock 105 77
Interest on deposits in other banks 416 838
Total Interest and Dividend Income 41,561 35,808
Interest Expense    
Interest expense on deposits 9,935 9,180
Interest expense on borrowings 237 86
Interest expense on junior subordinated debentures 92 95
Total Interest Expense 10,264 9,361
Net Interest Income 31,297 26,447
(Benefit) provision for credit losses (1,409) 149
Net Interest Income After Provision for Credit Losses 32,706 26,298
Other Operating Income    
Purchased receivable income 6,150 1,345
Mortgage banking income 5,411 4,031
Unrealized gain (loss) on marketable equity securities (50) 314
Other income 938 688
Total Other Operating Income 14,200 7,844
Other Operating Expense    
Salaries and other personnel expense 17,223 15,417
Data processing expense 3,104 2,659
Occupancy expense 1,889 1,962
Professional and outside services 1,115 755
Insurance expense 1,017 779
Marketing expense 672 513
Compensation expense - Sallyport acquisition payments 600 0
OREO expense, net rental income and gains on sale 3 (391)
Other operating expense 3,708 1,944
Total Other Operating Expense 29,331 23,638
Income Before Provision for Income Taxes 17,575 10,504
Provision for income taxes 4,251 2,305
Net Income $ 13,324 $ 8,199
Earnings Per Share, Basic (in USD per share) $ 2.41 $ 1.49
Earnings Per Share, Diluted (in USD per share) $ 2.38 $ 1.48
Weighted Average Common Shares Outstanding, Basic (in shares) 5,519,998 5,499,578
Weighted Average Common Shares Outstanding, Diluted (in shares) 5,608,102 5,554,930
Bankcard fees    
Other Operating Income    
Bankcard fees and Service charges on deposit accounts $ 1,074 $ 917
Service charges on deposit accounts    
Other Operating Income    
Bankcard fees and Service charges on deposit accounts $ 677 $ 549