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Consolidated Statements of (Loss) Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest and fees on loans $ 132,316 $ 120,145 $ 247,667 $ 240,233
Interest and dividends on investment securities:        
Taxable 7,437 4,683 12,424 9,017
Tax-exempt 1,419 1,121 2,516 2,275
Dividends 788 1,217 1,677 2,342
Interest on federal funds sold and other short-term investments 4,070 2,841 6,535 5,747
Total interest income 146,030 130,007 270,819 259,614
Interest expense        
Deposits 60,239 62,086 114,231 122,493
Borrowings 6,908 6,482 11,949 15,382
Total interest expense 67,147 68,568 126,180 137,875
Net interest income 78,883 61,439 144,639 121,739
Provision for credit losses 35,700 2,500 39,200 6,500
Net interest income after provision for credit losses 43,183 58,939 105,439 115,239
Noninterest income        
Deposit, loan and other income 2,570 1,654 4,576 3,246
Income on bank owned life insurance 2,087 1,677 3,671 3,341
Net gains on sale of loans held-for-sale 181 1,277 513 1,783
Net gains (losses) on equity securities 347 (209) 876 (123)
Total noninterest income 5,185 4,399 9,636 8,247
Noninterest expenses        
Salaries and employee benefits 25,233 22,721 47,811 44,852
Occupancy and equipment 3,478 2,899 6,158 5,908
FDIC insurance 2,000 1,800 3,800 3,600
Professional and consulting 2,598 1,923 4,964 3,851
Marketing and advertising 840 613 1,435 1,290
Information technology and communications 4,792 4,198 9,396 8,587
Merger expenses 30,745 0 32,065 0
Loss on bank owned life insurance policy exchange 0 0 327 0
Amortization of core deposit intangibles 1,251 321 1,530 642
Other expenses 2,712 3,119 5,468 5,929
Total noninterest expenses 73,649 37,594 112,954 74,659
(Loss) income before income tax expense (25,281) 25,744 2,121 48,827
Income tax (benefit) expense (4,988) 6,688 2,172 12,566
Net (loss) income (20,293) 19,056 (51) 36,261
Preferred dividends 1,509 1,509 3,018 3,018
Net (loss) income available to common stockholders $ (21,802) $ 17,547 $ (3,069) $ 33,243
Earnings per common share:        
Basic (in dollars per share) $ (0.52) $ 0.46 $ (0.08) $ 0.87
Diluted (in dollars per share) $ (0.52) $ 0.46 $ (0.08) $ 0.86