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CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest and fees on loans    
Taxable $ 81,740 $ 82,042
Tax exempt 292 900
Interest and dividends on securities    
Taxable 3,389 3,039
Tax exempt 3,910 3,947
Other interest income 1,124 1,106
Total interest income 90,455 91,034
Interest on deposits 36,458 41,164
Interest on short-term borrowings 1,122 2,454
Total interest expense 37,580 43,618
NET INTEREST INCOME 52,875 47,416
Provision for credit losses 6,800 1,520
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 46,075 45,896
NONINTEREST INCOME    
Wealth advisory fees 2,867 2,455
Investment brokerage fees 452 522
Service charges on deposit accounts 2,774 2,691
Loan and service fees 2,884 2,852
Merchant and interchange fee income 822 863
Bank owned life insurance income 322 1,036
Mortgage banking income (loss) (51) 52
Net securities gains (losses) 0 (46)
Other income 858 2,187
Total noninterest income 10,928 12,612
NONINTEREST EXPENSE    
Salaries and employee benefits 17,902 16,833
Net occupancy expense 1,980 1,740
Equipment costs 1,382 1,412
Data processing fees and supplies 4,265 3,839
Corporate and business development 1,406 1,381
FDIC insurance and other regulatory fees 800 789
Professional fees 2,380 2,463
Other expense 2,648 2,248
Total noninterest expense 32,763 30,705
INCOME BEFORE INCOME TAX EXPENSE 24,240 27,803
Income tax expense 4,155 4,402
NET INCOME $ 20,085 $ 23,401
BASIC WEIGHTED AVERAGE COMMON SHARES (in shares) 25,714,818 25,657,063
BASIC EARNINGS PER COMMON SHARE (in dollars per share) $ 0.78 $ 0.91
DILUTED WEIGHTED AVERAGE COMMON SHARES (in shares) 25,802,865 25,747,643
DILUTED EARNINGS PER COMMON SHARE (in dollars per share) $ 0.78 $ 0.91