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Consolidated Statements of Income (unaudited) - 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:        
Interest and fees on loans $ 60,790 $ 61,512 $ 120,662 $ 121,449
Interest on loans held for sale 419 347 715 590
Interest on securities 2,125 2,121 4,118 4,186
Other interest and dividend income 2,266 3,971 4,544 8,630
Total interest and dividend income 65,600 67,951 130,039 134,855
Interest expense:        
Interest on deposits 27,976 27,272 55,619 54,171
Interest on borrowings 4,409 9,329 9,736 18,752
Total interest expense 32,385 36,601 65,355 72,923
Net interest and dividend income 33,215 31,350 64,684 61,932
Provision for credit losses 739 615 2,124 447
Net interest and dividend income, after provision for credit losses 32,476 30,735 62,560 61,485
Mortgage banking income:        
Gain on sale of mortgage loans 3,378 3,143 6,094 5,156
Changes in mortgage servicing rights fair value (1,123) (1,098) (2,495) (1,044)
Other 2,293 2,356 4,401 4,632
Total mortgage banking income 4,548 4,401 8,000 8,744
Deposit account fees 5,418 5,223 10,571 10,206
Income on retirement plan annuities 121 141 240 286
Gain on sale of asset held for sale   1,809   1,809
Loss on sale of securities   (1,041)   (1,041)
Bank-owned life insurance income 762 758 1,505 1,504
Other income 1,372 628 1,796 1,152
Total noninterest income 12,221 11,919 22,112 22,660
Noninterest expense:        
Compensation and benefits 18,789 18,976 37,574 36,612
Occupancy and equipment 4,268 4,636 8,895 9,417
Data processing 2,622 2,375 5,247 4,854
Loan expenses 414 461 845 832
Marketing 865 1,368 1,453 2,184
Deposit expenses 721 739 1,564 1,429
Postage and printing 396 401 749 839
Professional fees 1,284 1,236 2,666 2,693
Deposit insurance 914 993 1,964 2,157
Merger expenses 1,704   1,704  
Other expenses 2,093 1,959 4,259 3,877
Total noninterest expense 34,070 33,144 66,920 64,894
Income before income taxes 10,627 9,510 17,752 19,251
Income tax provision 2,569 2,214 4,194 4,655
Net income $ 8,058 $ 7,296 $ 13,558 $ 14,596
Earnings per common share:        
Basic $ 0.2 $ 0.18 $ 0.34 $ 0.35
Diluted $ 0.2 $ 0.18 $ 0.34 $ 0.35
Weighted average shares outstanding:        
Weighted average common shares, basic 39,924,977 41,293,787 40,133,790 41,603,104
Weighted average common shares, diluted 40,117,837 41,370,289 40,360,658 41,748,663