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Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest and dividend income:    
Interest and fees on loans $ 59,937 $ 52,771
Interest on loans held for sale 243 286
Interest on taxable securities 2,065 2,079
Other interest and dividend income 4,659 803
Total interest and dividend income 66,904 55,939
Interest expense:    
Interest on deposits 26,899 15,913
Interest on borrowings 9,423 5,105
Interest on subordinated debentures   523
Total interest expense 36,322 21,541
Net interest and dividend income 30,582 34,398
Provision (benefit) for credit losses (168) 1,866
Net interest and dividend income, after provision for credit losses 30,750 32,532
Mortgage banking income:    
Gain on sale of mortgage loans 2,013 2,224
Changes in mortgage servicing rights fair value 54 (1,692)
Other 2,276 2,216
Total mortgage banking income 4,343 2,748
Deposit account fees 4,983 4,733
Income on retirement plan annuities 145 119
Bank-owned life insurance income 746 500
Other income 524 590
Total noninterest income 10,741 8,690
Noninterest expense:    
Compensation and benefits 17,636 17,799
Occupancy and equipment 4,781 5,040
Data processing 2,479 2,346
Loan expenses 371 313
Marketing 816 1,181
Deposit expenses 690 534
Postage and printing 438 457
Professional fees 1,457 1,501
Foreclosed and repossessed assets 4 (17)
Deposit insurance 1,164 510
Other expenses 1,914 1,845
Total noninterest expense 31,750 31,509
Income before income taxes 9,741 9,713
Income tax provision 2,441 2,416
Net income $ 7,300 $ 7,297
Earnings per common share:    
Basic $ 0.17 $ 0.16
Diluted $ 0.17 $ 0.16
Weighted average shares outstanding:    
Weighted average common shares, basic 41,912,421 44,857,224
Weighted average common shares, diluted 42,127,037 45,284,240