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Consolidated Statements Of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Interest Income        
Interest and fees on loans $ 59,285,000 $ 52,352,000 $ 118,413,000 $ 99,356,000
Interest and dividends on investment securities:        
Taxable 13,947,000 11,794,000 25,987,000 23,567,000
Tax-exempt 838,000 950,000 1,668,000 2,112,000
Interest on deposits in depository institutions 1,920,000 2,585,000 3,490,000 4,176,000
Total Interest Income 75,990,000 67,681,000 149,558,000 129,211,000
Interest Expense        
Interest on deposits 15,897,000 8,567,000 29,994,000 14,257,000
Interest on short-term borrowings 3,900,000 2,963,000 7,521,000 5,344,000
Interest on FHLB long-term advances 1,568,000 649,000 2,991,000 649,000
Total Interest Expense 21,365,000 12,179,000 40,506,000 20,250,000
Net Interest Income 54,625,000 55,502,000 109,052,000 108,961,000
Provision for credit losses 500,000 425,000 320,000 3,343,000
Net Interest Income After Provision for Credit Losses 54,125,000 55,077,000 108,732,000 105,618,000
Non-Interest Income        
(Losses) gains on sale of investment securities, net 0 0 (1,000) 773,000
Unrealized gains (losses) recognized on equity securities still held, net 364,000 (294,000) 212,000 67,000
Bank owned  life insurance 775,000 3,208,000 1,702,000 4,012,000
Other income 785,000 952,000 1,501,000 2,278,000
Total Non-Interest Income 18,911,000 20,301,000 36,859,000 38,983,000
Non-Interest Expense        
Salaries and employee benefits 18,751,000 18,429,000 37,629,000 36,102,000
Occupancy related expense 2,856,000 2,811,000 5,696,000 5,451,000
Equipment and software related expense 3,130,000 2,883,000 6,059,000 5,975,000
FDIC insurance expense 718,000 690,000 1,429,000 1,135,000
Advertising 972,000 974,000 1,839,000 1,734,000
Bankcard expenses 2,290,000 1,736,000 4,329,000 3,245,000
Postage, delivery, and statement mailings 714,000 596,000 1,380,000 1,243,000
Office supplies 432,000 591,000 885,000 1,011,000
Legal and professional fees 551,000 558,000 1,033,000 1,028,000
Telecommunications 624,000 623,000 1,224,000 1,229,000
Repossessed asset losses, net of expenses 6,000 22,000 235,000 38,000
Merger related expenses 0 0 0 5,645,000
Other expenses 5,728,000 4,848,000 10,934,000 9,548,000
Total Non-Interest Expense 36,772,000 34,761,000 72,672,000 73,384,000
Income Before Income Taxes 36,264,000 40,617,000 72,919,000 71,217,000
Income tax expense 7,149,000 7,884,000 14,281,000 14,143,000
Net Income Available to Common Shareholders $ 29,115,000 $ 32,733,000 $ 58,638,000 $ 57,074,000
Earnings Per Share [Abstract]        
Basic earnings per common share (in dollars per share) $ 1.96 $ 2.16 $ 3.95 $ 3.80
Diluted earnings per common share (in dollars per share) $ 1.96 $ 2.16 $ 3.94 $ 3.79
Retained Earnings        
Non-Interest Expense        
Net Income Available to Common Shareholders $ 29,115,000 $ 32,733,000 $ 58,638,000 $ 57,074,000
Service charges        
Non-Interest Income        
Revenue from contract with customer 6,980,000 6,906,000 14,015,000 13,469,000
Bankcard revenue        
Non-Interest Income        
Revenue from contract with customer 7,245,000 7,190,000 14,045,000 13,793,000
Trust and investment management fee income        
Non-Interest Income        
Revenue from contract with customer $ 2,762,000 $ 2,339,000 $ 5,385,000 $ 4,591,000