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Condensed Consolidated Statements of Operations - 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 $ 58,410 $ 51,419 $ 170,239 $ 143,392
Interest on securities        
Taxable 4,502 5,865 14,466 17,668
Tax-exempt 3,404 3,409 10,195 9,775
Other investments 2,018 1,739 4,898 3,481
Total Interest Income 68,334 62,432 199,798 174,316
Interest Expense        
Deposits 24,462 20,743 70,148 51,964
Other borrowings and subordinated debt and debentures 2,018 2,262 6,253 6,134
Total Interest Expense 26,480 23,005 76,401 58,098
Net Interest Income 41,854 39,427 123,397 116,218
Provision for credit losses 1,488 1,350 2,251 6,827
Net Interest Income After Provision for Credit Losses 40,366 38,077 121,146 109,391
Non-interest Income        
Interchange income 4,146 4,100 10,698 10,660
Service charges on deposit accounts 3,085 3,309 8,894 9,300
Net gains (losses) on assets        
Mortgage loans 2,177 2,099 4,874 5,475
Equity securities at fair value (8) 0 2,685 0
Securities available for sale (145) 0 (414) (222)
Mortgage loan servicing, net (3,130) 2,668 1,686 7,068
Other 3,383 3,435 8,818 9,298
Total Non-interest Income 9,508 15,611 37,241 41,579
Non-interest Expense        
Compensation and employee benefits 20,048 19,975 62,069 59,916
Data processing 3,379 3,071 9,891 8,953
Occupancy, net 1,893 1,971 5,853 5,975
Interchange expense 1,149 1,119 3,373 3,222
Furniture, fixtures and equipment 932 927 2,834 2,782
FDIC deposit insurance 664 677 2,141 2,209
Loan and collection 657 520 1,868 1,718
Advertising 581 360 1,860 1,286
Legal and professional 687 543 1,717 1,623
Communications 519 568 1,633 1,871
Costs (recoveries) related to unfunded lending commitments 113 451 (676) 76
Other 1,961 1,854 5,546 5,610
Total Non-interest Expense 32,583 32,036 98,109 95,241
Income Before Income Tax 17,291 21,652 60,278 55,729
Income tax expense 3,481 4,109 11,949 10,405
Net Income $ 13,810 $ 17,543 $ 48,329 $ 45,324
Net Income Per Common Share        
Basic (in dollars per share) $ 0.66 $ 0.84 $ 2.31 $ 2.16
Diluted (in dollars per share) $ 0.65 $ 0.83 $ 2.29 $ 2.14