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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
INTEREST AND DIVIDEND INCOME      
Interest and Fees on Loans $ 171,342 $ 142,016 $ 112,982
Interest on Deposits at Banks 9,615 5,831 3,100
Interest and Dividends on Investment Securities:      
Fully Taxable 11,579 11,764 10,357
Exempt from Federal Taxes 2,457 2,953 3,212
Total Interest and Dividend Income 194,993 162,564 129,651
INTEREST EXPENSE      
Interest-Bearing Checking Accounts 7,442 3,663 973
Savings Deposits 42,850 34,343 7,879
Time Deposits over $250,000 7,460 4,966 369
Other Time Deposits 20,997 7,127 604
Borrowings 3,637 6,756 605
Junior Subordinated Obligations Issued to Unconsolidated Subsidiary Trusts 686 686 685
Interest on Financing Leases 189 191 193
Total Interest Expense 83,261 57,732 11,308
NET INTEREST INCOME 111,732 104,832 118,343
Provision for Credit Losses 5,180 3,381 4,798
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 106,552 101,451 113,545
NONINTEREST INCOME      
Insurance Commissions 7,147 6,498 6,463
Net (Loss) Gain on Securities (2,907) (92) 427
Net Gain on Sales of Loans 209 32 83
Other Operating Income 2,781 2,437 2,588
Total Noninterest Income 28,074 29,117 30,898
NONINTEREST EXPENSE      
Salaries and Employee Benefits 52,707 47,667 47,003
Occupancy Expenses, Net 7,169 6,554 6,202
Technology and Equipment Expense 19,365 17,608 16,118
FDIC Assessments 2,775 2,050 1,176
Other Operating Expense 15,252 19,169 11,031
Total Noninterest Expense 97,268 93,048 81,530
Total before tax 37,358 37,520 62,913
Provision for Income Taxes 7,649 7,445 14,114
NET INCOME $ 29,709 $ 30,075 $ 48,799
Average Shares Outstanding:      
Basic (in shares) [1] 16,739 17,037 17,008
Diluted (in shares) [1] 16,745 17,037 17,059
Per Common Share:      
Basic Earnings (in dollars per share) [1] $ 1.77 $ 1.77 $ 2.86
Diluted Earnings (in dollars per share) [1] $ 1.77 $ 1.77 $ 2.86
Income From Fiduciary Activities      
NONINTEREST INCOME      
Revenue from contract with customer $ 9,952 $ 9,444 $ 9,711
Fees for Other Services to Customers      
NONINTEREST INCOME      
Revenue from contract with customer $ 10,892 $ 10,798 $ 11,626
[1]
2022 Share and Per Share Amounts have been restated for the September 26, 2023 3% stock dividend.