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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Fee Revenue and Other Income:        
Fee revenues $ 32,050 $ 31,301 $ 64,361 $ 62,337
Other 1,329 1,025 2,596 2,360
Total fee revenue and other income 33,060 32,073 66,357 64,180
Interest Income:        
Interest and fees on loans 13,592 12,931 26,368 25,166
Interest and dividends on securities:        
Taxable 3,485 3,688 7,004 7,274
Exempt from federal income taxes 898 989 1,816 2,197
Interest on federal funds sold and other short-term investments 3,267 2,100 7,708 5,213
Total interest income 21,242 19,708 42,896 39,850
Interest Expense:        
Interest on deposits 5,312 3,651 10,490 6,822
Interest on short-term borrowings 0 43 0 116
Total interest expense 5,312 3,694 10,490 6,938
Net interest income 15,930 16,014 32,406 32,912
Provision for (release of) credit losses 400 (120) 495 (460)
Net interest income after provision for (release of) credit losses 15,530 16,134 31,911 33,372
Total net revenue 48,590 48,207 98,268 97,552
Operating Expense:        
Personnel 29,857 29,432 60,464 59,458
Occupancy 826 907 1,687 1,762
Equipment 1,988 1,749 3,869 3,399
Amortization of intangible assets 182 195 373 390
Other operating expense 9,940 7,056 17,071 14,702
Total operating expense 42,793 39,339 83,464 79,711
Income before income tax expense 5,797 8,868 14,804 17,841
Income tax expense 1,313 1,730 3,168 3,586
Net income $ 4,484 $ 7,138 $ 11,636 $ 14,255
Basic earnings per share (in dollars per share) $ 0.33 $ 0.53 $ 0.86 $ 1.05
Diluted earnings per share (in dollars per share) $ 0.32 $ 0.52 $ 0.84 $ 1.03
Processing fees        
Fee Revenue and Other Income:        
Fee revenues $ 21,103 $ 19,386 $ 42,356 $ 38,899
Financial fees        
Fee Revenue and Other Income:        
Fee revenues $ 10,628 $ 11,662 $ 21,405 $ 22,921