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Condensed Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Interest income:        
Interest and fees on loans, including loans held for sale $ 67,264 $ 55,822 $ 131,980 $ 107,769
Interest and dividends on securities        
Taxable 6,332 6,811 13,062 13,569
Tax exempt 653 669 1,312 1,351
Interest and dividends on Federal Reserve Bank and Federal Home Loan Bank stock 175 172 384 346
Interest on Federal Reserve Bank deposits 2,121 1,289 4,712 2,639
Other, including interest on federal funds sold 103 64 200 148
Total interest income 76,648 64,827 151,650 125,822
Interest expense:        
Interest on deposits 27,144 18,462 54,820 32,853
Interest on repurchase agreements and federal funds purchased 2,641 2,190 5,216 3,806
Interest on advances from Federal Home Loan Bank 15 7 15 50
Interest on long-term debt 1,170 1,089 2,330 2,118
Total interest expense 30,970 21,748 62,381 38,827
Net interest income 45,678 43,079 89,269 86,995
Provision for credit losses 2,972 2,009 5,628 3,125
Net interest income after provision for credit losses 42,706 41,070 83,641 83,870
Noninterest income:        
Deposit related fees 7,308 7,513 14,319 14,800
Gains on sales of loans, net 119 115 164 236
Trust and wealth management income 3,736 3,351 7,253 6,430
Loan related fees 1,320 1,197 2,672 2,042
Bank owned life insurance 1,815 735 3,107 1,593
Brokerage revenue 683 388 1,173 736
Securities gains (losses) (474) 165 (103) 383
Other noninterest income 1,201 1,292 2,257 2,218
Total noninterest income 15,708 14,756 30,842 28,438
Noninterest expense:        
Officer salaries and employee benefits 4,132 3,574 8,373 7,726
Other salaries and employee benefits 15,459 14,731 31,340 29,487
Occupancy, net 2,375 2,181 4,753 4,483
Equipment 714 714 1,364 1,440
Data processing 2,669 2,383 5,187 4,686
Bank franchise tax 424 419 848 838
Legal fees 297 381 515 649
Professional fees 681 531 1,295 1,079
Advertising and marketing 856 704 1,433 1,524
FDIC insurance 645 610 1,287 1,216
Repossession expense 297 98 523 329
Other noninterest expense 3,873 4,699 7,724 9,458
Total noninterest expense 32,422 31,025 64,642 62,915
Income before income taxes 25,992 24,801 49,841 49,393
Income taxes 6,493 5,397 11,663 10,676
Net income 19,499 19,404 38,178 38,717
Unrealized holding gains (losses) on debt securities available-for-sale:        
Unrealized holding gains (losses) arising during the period (312) (11,828) (5,037) 12,888
Less: Reclassification adjustments for realized gains included in net income 1 0 1 4
Tax expense (benefit) (79) (2,951) (1,258) 5,046
Other comprehensive gain (loss), net of tax (234) (8,877) (3,780) 7,838
Comprehensive income $ 19,265 $ 10,527 $ 34,398 $ 46,555
Basic earnings per share (in dollars per share) $ 1.09 $ 1.09 $ 2.13 $ 2.17
Diluted earnings per share (in dollars per share) $ 1.09 $ 1.08 $ 2.13 $ 2.16
Weighted average shares outstanding-basic (in shares) 17,939 17,884 17,932 17,877
Weighted average shares outstanding-diluted (in shares) 17,959 17,890 17,951 17,885