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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      
Loans, including fees $ 245,815 $ 211,213 $ 160,859
Securities, taxable 39,091 23,873 22,713
Securities, nontaxable 1,579 1,960 2,698
Federal funds sold and other 10,358 9,666 1,978
Total interest and dividend income 296,843 246,712 188,248
Interest expense      
Deposits 90,409 70,473 16,321
Federal funds purchased and retail repurchase agreements 1,151 931 232
Federal Home Loan Bank advances 10,180 3,944 2,094
Federal Reserve Bank borrowings 1,361 4,755  
Subordinated debt 7,580 7,591 6,771
Total interest expense 110,681 87,694 25,418
Net interest income 186,162 159,018 162,830
Provision (reversal) for credit losses 2,546 1,873 125
Net interest income after provision (reversal) for credit losses 183,616 157,145 162,705
Non-interest income      
Increase in value of bank-owned life insurance 4,966 4,059 3,113
Net gain on acquisition and branch sales 2,131   962
Net gain (loss) from securities transactions 220 (51,909) 5
Other 10,568 7,560 9,152
Total non-interest income 38,822 (19,129) 35,957
Non-interest expense      
Salaries and employee benefits 72,786 64,384 62,006
Net occupancy and equipment 14,371 12,325 12,223
Data processing 20,004 17,433 15,883
Professional fees 6,503 5,754 4,951
Advertising and business development 5,366 5,425 5,042
Telecommunications 2,501 1,963 1,916
FDIC insurance 2,483 2,195 1,140
Courier and postage 2,599 2,046 1,881
Free nationwide ATM cost 2,127 2,073 2,103
Amortization of core deposit intangibles 4,289 3,374 4,042
Loan expense 601 540 828
Other real estate owned and repossessed assets, net (7,525) 617 247
Merger expenses 4,461 297 594
Other 13,591 17,175 15,524
Total non-interest expense 144,157 135,601 128,380
Income (loss) before income tax 78,281 2,415 70,282
Provision (benefit) for income taxes 15,660 (5,406) 12,594
Net income (loss) and net income (loss) allocable to common stockholders $ 62,621 $ 7,821 $ 57,688
Basic earnings (loss) per share $ 4.04 $ 0.50 $ 3.56
Diluted earnings (loss) per share $ 4.00 $ 0.50 $ 3.51
Service Charges and Fees [Member]      
Non-interest income      
Non-interest income $ 9,830 $ 10,187 $ 10,632
Debit Card Income [Member]      
Non-interest income      
Non-interest income 10,246 10,322 10,677
Mortgage Banking [Member]      
Non-interest income      
Non-interest income $ 861 $ 652 $ 1,416