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Condensed Consolidated Statements of Income (Unaudited) - 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 $ 78,618 $ 71,880 $ 153,075 $ 138,834
Investment securities - taxable 5,941 7,986 11,980 15,348
Investment securities - tax exempt 6,088 6,377 12,280 12,828
Other 830 738 3,317 5,235
Total interest income 91,477 86,981 180,652 172,245
Interest Expense        
Deposits 26,052 28,447 51,653 56,437
Short and long term borrowings 8,171 11,213 17,359 23,143
Subordinated notes 829 829 1,658 1,660
Junior subordinated debentures issued to capital trusts 1,070 1,213 2,360 2,438
Total interest expense 36,122 41,702 73,030 83,678
Net Interest Income 55,355 45,279 107,622 88,567
Credit loss expense 2,462 2,369 3,838 3,174
Net Interest Income after Provision for Credit Losses 52,893 42,910 103,784 85,393
Non-interest Income        
Service charges on deposit accounts 3,208 3,130 6,416 6,344
Wire transfer fees 69 113 140 214
Interchange fees 3,403 3,826 6,644 6,935
Fiduciary activities 1,251 1,372 2,577 2,687
Loss on sale of investment securities 0 0 (407) 0
Gain on sale of mortgage loans 1,219 896 2,295 1,522
Mortgage servicing income net of impairment 375 450 760 889
Increase in cash value of bank owned life insurance 346 318 681 616
Other income 1,049 380 8,313 1,207
Total non-interest income 10,920 10,485 27,419 20,414
Non-interest Expense        
Salaries and employee benefits 22,731 20,583 45,145 40,851
Net occupancy expenses 3,127 3,192 6,829 6,738
Data processing 2,951 2,579 5,823 5,043
Professional fees 735 714 1,561 1,321
Outside services and consultants 3,278 3,058 6,543 6,417
Loan expense 1,231 1,038 1,920 1,757
FDIC insurance expense 1,216 1,315 2,504 2,635
Core deposit intangible amortization 816 844 1,632 1,716
Merger related expense 0 0 305 0
Other losses 245 515 473 531
Other expense 3,087 3,684 5,988 7,620
Total non-interest expense 39,417 37,522 78,723 74,629
Income Before Income Taxes 24,396 15,873 52,480 31,178
Income tax expense 3,752 1,733 7,893 3,047
Net Income Available to Common Shareholders $ 20,644 $ 14,140 $ 44,587 $ 28,131
Basic earnings per share (in USD per share) $ 0.47 $ 0.32 $ 1.02 $ 0.64
Diluted earnings per share (in USD per share) $ 0.47 $ 0.32 $ 1.01 $ 0.64