XML 15 R4.htm IDEA: XBRL DOCUMENT v3.25.3
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Interest and Dividend Income        
Interest and fees on loans and loans held for sale $ 41,142 $ 34,863 $ 119,131 $ 97,680
Interest on investment securities available for sale 2,723 3,408 8,701 10,682
Dividends on marketable equity securities 124 209 415 679
Interest on investment securities held to maturity 473 467 1,419 1,419
Dividends on Federal Home Loan Bank stock 192 80 417 214
Interest on deposits in other banks 1,324 389 2,255 1,459
Total Interest and Dividend Income 45,978 39,416 132,338 112,133
Interest Expense        
Interest expense on deposits 10,139 10,123 30,378 28,779
Interest expense on borrowings 399 357 1,445 729
Interest expense on junior subordinated debentures 94 94 280 283
Total Interest Expense 10,632 10,574 32,103 29,791
Net Interest Income 35,346 28,842 100,235 82,342
Provision for credit losses 1,716 2,063 2,283 2,092
Net Interest Income After Provision for Credit Losses 33,630 26,779 97,952 80,250
Other Operating Income        
Gain on sale by Pacific Wealth Advisors 14,211 0 14,211 0
Mortgage banking income 7,273 7,047 18,924 16,962
Purchased receivable income 7,269 1,033 19,316 3,620
Unrealized gain on marketable equity securities 80 576 108 830
Other income 381 1,130 2,705 2,652
Total Other Operating Income 31,239 11,587 60,919 29,008
Other Operating Expense        
Salaries and other personnel expense 19,432 17,549 57,509 49,593
Data processing expense 3,240 2,618 9,710 7,878
Occupancy expense 1,921 1,911 5,914 5,716
Professional and outside services 1,112 903 3,340 2,384
Marketing expense 508 860 2,222 2,063
Insurance expense 802 596 2,575 2,067
Compensation expense - Sallyport acquisition payments 600 0 1,800 0
OREO expense, net rental income and gains on sale (16) 2 (11) (387)
Other expense 2,701 2,289 7,900 6,246
Total Other Operating Expense 30,300 26,728 90,959 75,560
Income Before Provision for Income Taxes 34,569 11,638 67,912 33,698
Provision for income taxes 7,504 2,813 15,745 7,654
Net Income $ 27,065 $ 8,825 $ 52,167 $ 26,044
Earnings Per Share, Basic (in USD per share) $ 1.23 $ 0.40 $ 2.36 $ 1.18
Earnings Per Share, Diluted (in USD per share) $ 1.20 $ 0.39 $ 2.32 $ 1.17
Weighted Average Common Shares Outstanding, Basic (in shares) 22,090,668 22,007,772 22,085,968 22,002,812
Weighted Average Common Shares Outstanding, Diluted (in shares) 22,502,680 22,332,220 22,466,554 22,296,540
Bankcard fees        
Other Operating Income        
Bankcard fees and Service charges on deposit accounts $ 1,229 $ 1,196 $ 3,456 $ 3,218
Service charges on deposit accounts        
Other Operating Income        
Bankcard fees and Service charges on deposit accounts $ 796 $ 605 $ 2,199 $ 1,726