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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest and dividend income        
Loans, including fees $ 62,868 $ 61,518 $ 125,865 $ 120,347
Securities, taxable 8,821 10,176 17,935 20,053
Securities, nontaxable 358 401 735 792
Federal funds sold and other 2,140 3,037 4,336 5,707
Total interest and dividend income 74,187 75,132 148,871 146,899
Interest expense        
Deposits 20,090 22,662 39,467 45,517
Federal funds purchased and retail repurchase agreements 219 306 467 632
Federal Home Loan Bank advances 2,224 3,789 5,140 4,933
Federal Reserve Bank borrowings 0 0 0 1,361
Subordinated debt 1,852 1,899 3,703 3,798
Total interest expense 24,385 28,656 48,777 56,241
Net interest income 49,802 46,476 100,094 90,658
Provision (reversal) for credit losses 19 265 2,741 1,265
Net interest income after provision (reversal) for credit losses 49,783 46,211 97,353 89,393
Non-interest income        
Increase in value of bank-owned life insurance 1,321 911 4,914 1,739
Net gain on acquisition and branch sales 0 60 0 1,300
Net gain (loss) from securities transactions 12 (27) 24 16
Other 1,815 2,607 3,866 7,023
Total non-interest income 8,589 8,958 18,919 20,689
Non-interest expense        
Salaries and employee benefits 19,735 17,827 39,689 35,924
Net occupancy and equipment 3,482 3,787 7,157 7,322
Data processing 5,055 5,036 10,141 9,864
Professional fees 1,361 1,778 2,888 3,170
Advertising and business development 1,208 1,291 2,552 2,529
Telecommunications 588 572 1,175 1,227
FDIC insurance 464 590 1,094 1,161
Courier and postage 834 620 1,633 1,226
Free nationwide ATM cost 547 531 1,060 1,025
Amortization of core deposit intangibles 1,016 1,218 2,061 2,117
Loan expense 281 195 410 304
Other real estate owned and repossessed assets, net 103 50 204 9
Loss on debt extinguishment 1,361 0 1,361 0
Merger expenses 355 2,287 421 3,843
Other 3,611 3,089 7,205 6,302
Total non-interest expense 40,001 38,871 79,051 76,023
Income (loss) before income tax 18,371 16,298 37,221 34,059
Provision (benefit) for income taxes 3,107 4,582 6,916 8,275
Net income (loss) and net income (loss) allocable to common stockholders $ 15,264 $ 11,716 $ 30,305 $ 25,784
Basic earnings (loss) per share $ 0.87 $ 0.77 $ 1.73 $ 1.68
Diluted earnings (loss) per share $ 0.86 $ 0.76 $ 1.72 $ 1.67
Service Charges and Fees [Member]        
Non-interest income        
Non-interest income $ 2,177 $ 2,541 $ 4,241 $ 5,110
Debit Card Income [Member]        
Non-interest income        
Non-interest income 3,052 2,621 5,556 5,068
Mortgage Banking [Member]        
Non-interest income        
Non-interest income $ 212 $ 245 $ 318 $ 433