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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Interest Income        
Interest and fees on loans $ 79,561 $ 75,488 $ 232,637 $ 214,322
Investment securities - taxable 6,631 8,133 18,611 23,481
Investment securities - tax exempt 4,581 6,310 16,861 19,138
Other 2,063 957 5,380 6,192
Total interest income 92,836 90,888 273,489 263,133
Interest Expense        
Deposits 25,726 30,787 77,379 87,224
Short and long term borrowings 5,924 11,131 23,283 34,274
Subordinated notes 1,731 830 3,389 2,490
Junior subordinated debentures issued to capital trusts 1,069 1,230 3,429 3,668
Total interest expense 34,450 43,978 107,480 127,656
Net Interest Income 58,386 46,910 166,009 135,477
Credit loss (benefit) expense (3,572) 1,044 266 4,218
Net Interest Income after Provision for Credit Losses 61,958 45,866 165,743 131,259
Non-interest (Loss) Income        
Service charges on deposit accounts 3,474 3,320 9,890 9,664
Wire transfer fees 71 123 211 337
Interchange fees 3,510 3,511 10,154 10,446
Fiduciary activities 1,363 1,394 3,940 4,081
Loss on sale of investment securities (299,132) 0 (299,538) 0
Gain on sale of mortgage loans 1,208 1,622 3,503 3,144
Mortgage servicing income net of impairment 351 412 1,111 1,301
Increase in cash value of bank owned life insurance 379 349 1,060 965
Other income (loss) (6,558) 780 1,756 1,987
Total non-interest (loss) income (295,334) 11,511 (267,913) 31,925
Non-interest Expense        
Salaries and employee benefits 22,698 21,829 67,843 62,680
Net occupancy expenses 3,321 3,207 10,149 9,945
Data processing 2,933 2,977 8,757 8,020
Professional fees 808 676 2,369 1,997
Outside services and consultants 3,844 3,677 10,387 10,094
Loan expense 1,237 1,034 3,157 2,791
FDIC insurance expense 1,345 1,204 3,849 3,839
Core deposit intangible amortization 706 844 2,338 2,560
Merger related expense 0 0 305 0
Prepayment penalties 12,680 0 12,680 0
Other losses 131 297 605 828
Other expense 3,249 3,527 9,239 11,147
Total non-interest expense 52,952 39,272 131,678 113,901
Income Before Income Taxes (286,328) 18,105 (233,848) 49,283
Income tax expense (benefit) (64,338) (75) (56,444) 2,972
Net Income (Loss) Available to Common Shareholders $ (221,990) $ 18,180 $ (177,404) $ 46,311
Basic earnings per share (in USD per share) $ (4.69) $ 0.42 $ (3.94) $ 1.06
Diluted earnings per share (in USD per share) $ (4.69) $ 0.41 $ (3.94) $ 1.05