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CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Interest and fees on loans        
Interest and fees on loans, Taxable $ 85,490 $ 86,118 $ 251,648 $ 252,386
Interest and fees on loans, Tax exempt 287 298 870 1,830
Interest and dividends on securities        
Interest and dividends on securities, Taxable 3,489 2,908 10,335 9,051
Interest and dividends on securities, Tax exempt 3,915 3,921 11,742 11,800
Other interest income 1,706 1,773 5,132 4,721
Total interest income 94,887 95,018 279,727 279,788
Interest on deposits 38,446 45,556 114,015 131,083
Interest on borrowings, Short-term 368 189 1,888 3,720
Total interest expense 38,814 45,745 115,903 134,803
NET INTEREST INCOME 56,073 49,273 163,824 144,985
Provision for credit losses 2,000 3,059 11,800 13,059
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 54,073 46,214 152,024 131,926
NONINTEREST INCOME        
Wealth advisory fees 2,855 2,718 8,389 7,770
Investment brokerage fees 557 438 1,559 1,438
Service charges on deposit accounts 2,921 2,835 8,522 8,332
Loan and service fees 3,419 2,955 9,309 8,855
Merchant and interchange fee income 892 898 2,568 2,653
Bank owned life insurance income 1,567 1,068 2,929 2,994
Interest rate swap fee income 0 0 20 0
Mortgage banking income (loss) (6) (7) 67 68
Net securities gains (losses) 0 0 0 (46)
Net gain (loss) on Visa shares 0 (15) 0 8,996
Other income 749 1,027 2,005 3,908
Total noninterest income 12,954 11,917 35,368 44,968
NONINTEREST EXPENSE        
Salaries and employee benefits 20,414 16,476 55,412 49,467
Net occupancy expense 1,877 1,721 5,604 5,159
Equipment costs 1,475 1,452 4,294 4,207
Data processing fees and supplies 4,116 3,768 12,533 11,419
Corporate and business development 1,563 1,369 4,129 4,015
FDIC insurance and other regulatory fees 878 966 2,517 2,571
Professional fees 1,726 2,089 5,812 6,675
Other expense 2,916 2,552 7,859 10,918
Total noninterest expense 34,965 30,393 98,160 94,431
INCOME BEFORE INCOME TAX EXPENSE 32,062 27,738 89,232 82,463
Income tax expense 5,658 4,400 15,777 13,175
NET INCOME $ 26,404 $ 23,338 $ 73,455 $ 69,288
BASIC WEIGHTED AVERAGE COMMON SHARES (in shares) 25,703,699 25,684,407 25,708,543 25,673,275
BASIC EARNINGS PER COMMON SHARE (in dollars per share) $ 1.03 $ 0.91 $ 2.86 $ 2.70
DILUTED WEIGHTED AVERAGE COMMON SHARES (in shares) 25,821,360 25,767,739 25,804,322 25,754,357
DILUTED EARNINGS PER COMMON SHARE (in dollars per share) $ 1.03 $ 0.91 $ 2.85 $ 2.69