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Condensed Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ 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, including loans held for sale $ 70,805 $ 60,156 $ 202,785 $ 167,925
Interest and dividends on securities        
Taxable 6,025 6,831 19,087 20,400
Tax exempt 623 665 1,935 2,016
Interest and dividends on Federal Reserve Bank and Federal Home Loan Bank stock 180 168 564 514
Interest on Federal Reserve Bank deposits 2,044 1,616 6,756 4,255
Other, including interest on federal funds sold 137 63 337 211
Total interest income 79,814 69,499 231,464 195,321
Interest expense:        
Interest on deposits 28,800 21,733 83,620 54,586
Interest on repurchase agreements and federal funds purchased 2,681 2,524 7,897 6,330
Interest on advances from Federal Home Loan Bank 0 954 15 1,004
Interest on long-term debt 1,134 1,148 3,464 3,266
Total interest expense 32,615 26,359 94,996 65,186
Net interest income 47,199 43,140 136,468 130,135
Provision for credit losses 2,736 1,871 8,364 4,996
Net interest income after provision for credit losses 44,463 41,269 128,104 125,139
Noninterest income:        
Deposit related fees 7,886 7,823 22,205 22,623
Gains on sales of loans, net 80 105 244 341
Trust and wealth management income 3,707 3,277 10,960 9,707
Loan related fees 813 1,283 3,485 3,325
Bank owned life insurance 1,214 1,108 4,321 2,701
Brokerage revenue 563 452 1,736 1,188
Securities gains 213 355 110 738
Other noninterest income 1,087 1,093 3,344 3,311
Total noninterest income 15,563 15,496 46,405 43,934
Noninterest expense:        
Officer salaries and employee benefits 3,715 3,725 12,088 11,451
Other salaries and employee benefits 15,806 14,328 47,146 43,815
Occupancy, net 2,374 2,154 7,127 6,637
Equipment 698 721 2,062 2,161
Data processing 2,804 2,410 7,991 7,096
Bank franchise tax 422 406 1,270 1,244
Legal fees 304 234 819 883
Professional fees 720 488 2,015 1,567
Advertising and marketing 876 767 2,309 2,291
FDIC insurance 629 612 1,916 1,828
Repossession expense 256 109 779 438
Other noninterest expense 3,908 4,893 11,632 14,351
Total noninterest expense 32,512 30,847 97,154 93,762
Income before income taxes 27,514 25,918 77,355 75,311
Income taxes 5,372 5,290 17,035 15,966
Net income 22,142 20,628 60,320 59,345
Unrealized holding gains (losses) on debt securities available-for-sale:        
Unrealized holding gains (losses) arising during the period 35,346 (26,766) 30,309 (13,878)
Less: Reclassification adjustments for realized gains included in net income 1 0 2 4
Tax expense (benefit) 8,820 (6,679) 7,562 (1,633)
Other comprehensive gain (loss), net of tax 26,525 (20,087) 22,745 (12,249)
Comprehensive income $ 48,667 $ 541 $ 83,065 $ 47,096
Basic earnings per share (in dollars per share) $ 1.23 $ 1.15 $ 3.36 $ 3.32
Diluted earnings per share (in dollars per share) $ 1.23 $ 1.15 $ 3.36 $ 3.32
Weighted average shares outstanding-basic (in shares) 17,962 17,893 17,942 17,882
Weighted average shares outstanding-diluted (in shares) 17,991 17,904 17,965 17,892