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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest Income    
Interest and fees on loans $ 74,457 $ 66,954
Investment securities - taxable 6,039 7,362
Investment securities - tax exempt 6,192 6,451
Other 2,487 4,497
Total interest income 89,175 85,264
Interest Expense    
Deposits 25,601 27,990
Short and long term borrowings 9,188 11,930
Subordinated notes 829 831
Junior subordinated debentures issued to capital trusts 1,290 1,225
Total interest expense 36,908 41,976
Net Interest Income 52,267 43,288
Credit loss expense 1,376 805
Net Interest Income after Provision for Loan Losses 50,891 42,483
Non-interest Income    
Service charges on deposit accounts 3,208 3,214
Wire transfer fees 71 101
Interchange fees 3,241 3,109
Fiduciary activities 1,326 1,315
Loss on sale of investment securities (407) 0
Gain on sale of mortgage loans 1,076 626
Mortgage servicing income net of impairment 385 439
Increase in cash value of bank owned life insurance 335 298
Other income 7,264 827
Total non-interest income 16,499 9,929
Non-interest Expense    
Salaries and employee benefits 22,414 20,268
Net occupancy expenses 3,702 3,546
Data processing 2,872 2,464
Professional fees 826 607
Outside services and consultants 3,265 3,359
Loan expense 689 719
FDIC insurance expense 1,288 1,320
Core deposit intangible amortization 816 872
Merger related expense 305 0
Other losses 228 16
Other expense 2,901 3,936
Total non-interest expense 39,306 37,107
Income Before Income Taxes 28,084 15,305
Income tax expense 4,141 1,314
Net Income Available to Common Shareholders $ 23,943 $ 13,991
Basic earnings per share (in USD per share) $ 0.55 $ 0.32
Diluted earnings per share (in USD per share) $ 0.54 $ 0.32