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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
INTEREST AND DIVIDEND INCOME        
Interest and Fees on Loans $ 45,600 $ 42,141 $ 90,150 $ 82,517
Interest on Deposits at Banks 1,622 2,185 3,243 4,632
Interest and Dividends on Investment Securities:        
Fully Taxable 3,790 3,009 7,398 6,195
Exempt from Federal Taxes 561 637 1,148 1,305
Total Interest and Dividend Income 51,573 47,972 101,939 94,649
INTEREST EXPENSE        
Interest-Bearing Checking Accounts 1,941 1,903 3,744 3,544
Savings Deposits 9,367 10,571 18,850 20,801
Time Deposits over $250,000 1,726 1,869 3,537 3,842
Other Time Deposits 5,793 5,074 11,322 10,157
Borrowings 0 1,186 167 2,262
Junior Subordinated Obligations Issued to Unconsolidated Subsidiary Trusts 171 170 340 341
Interest on Financing Leases 42 47 89 95
Total Interest Expense 19,040 20,820 38,049 41,042
NET INTEREST INCOME 32,533 27,152 63,890 53,607
Provision for Credit Losses 594 775 5,613 1,392
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 31,939 26,377 58,277 52,215
NON-INTEREST INCOME        
Insurance Commissions 1,804 1,662 3,630 3,344
Net (Loss) Gain on Securities (40) 54 277 71
Net Gain on Sales of Loans 213 5 314 9
Other Operating Income 447 978 907 2,133
Total Non-Interest Income 7,609 7,856 15,448 15,714
NON-INTEREST EXPENSE        
Salaries and Employee Benefits 14,086 13,036 27,641 25,929
Occupancy Expenses, Net 1,952 1,774 3,974 3,545
Technology and Equipment Expense 5,589 4,734 10,676 9,554
FDIC Assessments 649 698 1,319 1,413
Other Operating Expense 3,376 3,076 8,087 6,889
Total Non-Interest Expense 25,652 23,318 51,697 47,330
INCOME BEFORE PROVISION FOR INCOME TAXES 13,896 10,915 22,028 20,599
Provision for Income Taxes 3,091 2,311 4,913 4,335
NET INCOME $ 10,805 $ 8,604 $ 17,115 $ 16,264
Average Shares Outstanding:        
Basic (in shares) 16,545 16,685 16,611 16,764
Diluted (in shares) 16,551 16,709 16,618 16,789
Per Common Share:        
Basic Earnings (in dollars per share) $ 0.65 $ 0.52 $ 1.03 $ 0.97
Diluted Earnings (in dollars per share) $ 0.65 $ 0.52 $ 1.03 $ 0.97
Income From Fiduciary Activities        
NON-INTEREST INCOME        
Revenue from contract with customer $ 2,398 $ 2,451 $ 4,933 $ 4,908
Fees for Other Services to Customers        
NON-INTEREST INCOME        
Revenue from contract with customer $ 2,787 $ 2,706 $ 5,387 $ 5,249