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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest income:    
Loans, including fees $ 48,932 $ 39,597
Securities:    
Taxable 5,511 5,240
Non-taxable 809 1,116
Federal funds sold and interest-bearing deposits in banks 3,475 1,495
Total interest income 58,727 47,448
Interest expense:    
Deposits 21,663 11,370
Subordinated debt 835 1,012
Junior subordinated deferrable interest debentures 861 751
Total interest expense 23,359 13,133
Net interest income 35,368 34,315
Provision for credit losses 830 1,010
Net interest income, after provision for credit losses 34,538 33,305
Noninterest income:    
Service charges on deposit accounts 1,813 1,701
Income from insurance activities 34 1,411
Net gain on sales of loans 2,654 2,918
Bank card services and interchange fees 3,061 2,956
Other mortgage banking income (loss) 1,291 (633)
Investment commissions 434 389
Fiduciary fees 754 600
Other 1,368 1,349
Total noninterest income 11,409 10,691
Noninterest expense:    
Salaries and employee benefits 18,988 19,254
Occupancy and equipment, net 3,920 3,832
Professional services 1,483 1,648
Marketing and development 754 936
IT and data services 990 864
Bank card expenses 1,397 1,352
Appraisal expenses 227 278
Other 4,171 4,197
Total noninterest expense 31,930 32,361
Income before income taxes 14,017 11,635
Income tax expense 3,143 2,391
Net income $ 10,874 $ 9,244
Earnings per share:    
Basic (in dollars per share) $ 0.66 $ 0.54
Diluted (in dollars per share) $ 0.64 $ 0.53
Net income $ 10,874 $ 9,244
Other comprehensive income (loss):    
Unrealized gains (losses) on securities available for sale (10,832) 8,624
Less: Change in fair value on hedged state and municipal securities 1,385 (2,638)
Tax effect 1,984 (1,257)
Other comprehensive income (loss) (7,463) 4,729
Comprehensive income $ 3,411 $ 13,973