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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest income:        
Interest and fees on loans $ 65,668 $ 64,422 $ 129,787 $ 127,241
Interest and dividends on investment securities:        
Taxable investment securities 9,871 8,466 19,672 15,677
Tax-exempt investment securities 709 598 1,417 1,253
Interest on deposits in other financial institutions 1,484 2,203 3,738 5,814
Dividend income on FHLB and FRB stock 388 151 712 257
Total interest income 78,120 75,840 155,326 150,242
Interest on deposits:        
Demand 443 490 895 989
Savings and money market 8,414 8,977 17,276 17,420
Time 7,616 12,173 15,723 25,163
Interest on short-term borrowings 0 1 0 1
Interest on long-term debt 1,851 2,278 3,937 4,561
Total interest expense 18,324 23,919 37,831 48,134
Net interest income 59,796 51,921 117,495 102,108
Provision for credit losses 4,987 2,239 9,159 6,175
Net interest income after provision for credit losses 54,809 49,682 108,336 95,933
Other operating income:        
Mortgage banking income 744 1,040 1,341 1,653
Service charges on deposit accounts 2,124 2,135 4,271 4,238
Other service charges and fees 5,957 5,869 11,723 11,130
Income from fiduciary activities 1,501 1,449 3,125 2,884
Income from bank-owned life insurance 2,260 1,234 2,757 2,756
Other 427 394 892 704
Total other operating income 13,013 12,121 24,109 23,365
Other operating expense:        
Salaries and employee benefits 22,696 21,246 44,515 41,981
Net occupancy 4,253 4,597 8,645 9,197
Computer software 5,320 4,381 10,034 8,668
Legal and professional services 2,873 2,506 5,671 4,826
Equipment 950 995 2,032 2,005
Advertising 832 901 1,719 1,815
Communication 901 657 1,934 1,494
Other 6,121 5,868 11,468 11,741
Total other operating expense 43,946 41,151 86,018 81,727
Income before income taxes 23,876 20,652 46,427 37,571
Income tax expense 5,605 4,835 10,396 8,809
Net income $ 18,271 $ 15,817 $ 36,031 $ 28,762
Per common share data:        
Basic earnings per share (in dollars per share) $ 0.68 $ 0.58 $ 1.33 $ 1.06
Diluted earnings per share (in dollars per share) $ 0.67 $ 0.58 $ 1.33 $ 1.06
Basic weighted average shares outstanding (in shares) 26,988,169 27,053,549 27,037,388 27,050,037
Diluted weighted average shares outstanding (in shares) 27,069,677 27,116,349 27,139,969 27,106,267