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UNAUDITED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Interest Income:        
Interest and Fees on Loans $ 93,307 $ 84,575 $ 269,858 $ 237,566
Interest and Dividends on Non-taxable Securities 1,050 1,099 3,200 3,265
Interest and Dividends on Taxable Securities 5,367 3,954 14,749 11,667
Interest on Federal Funds Sold and Due From Banks 3,017 3,694 10,815 6,164
Total Interest Income 102,741 93,322 298,622 258,662
Interest Expense:        
Interest on Deposits 41,303 30,110 120,232 72,718
Interest on Borrowings 5,324 7,918 16,736 24,575
Total Interest Expense 46,627 38,028 136,968 97,293
Net Interest Income 56,114 55,294 161,654 161,369
Provision for Credit Losses 1,665 604 4,161 4,364
Net Interest Income after Provision for Credit Losses 54,449 54,690 157,493 157,005
Other Income:        
Service Charges on Deposit Accounts 2,723 2,540 7,699 7,234
Loss on Sales of Securities (13) 0 (14) (62)
Gain on Sales of Loans 122 321 2,721 1,426
Other Income 7,942 7,022 21,930 21,631
Total Other Income 10,774 9,883 32,336 30,229
Other Expenses:        
Salaries and Employee Benefits 24,877 22,487 75,816 68,002
Occupancy and Equipment Expense 5,828 5,445 16,902 15,558
Other Expenses 11,745 10,675 35,364 33,428
Total Other Expenses 42,450 38,607 128,082 116,988
Income Before Income Taxes 22,773 25,966 61,747 70,246
Provision for Income Taxes 4,930 5,511 13,128 15,027
Net Income 17,843 20,455 48,619 55,219
Preferred Stock Dividends 1,351 1,351 4,051 4,051
Net Income Available to Common Shareholders $ 16,492 $ 19,104 $ 44,568 $ 51,168
Earnings Per Common Share:        
Basic (in dollars per share) $ 0.65 $ 0.76 $ 1.77 $ 2.04
Diluted (in dollars per share) $ 0.65 $ 0.76 $ 1.75 $ 2.02