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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
INTEREST AND DIVIDEND INCOME:      
Interest and fees on loans $ 350,943 $ 293,544 $ 273,223
Securities and cash and cash equivalents:      
Taxable 39,979 30,915 19,279
Tax-exempt 603 636 724
Dividends 820 375 470
Total interest and dividend income 392,345 325,470 293,696
INTEREST EXPENSE:      
Deposits 140,565 133,493 97,770
Borrowed funds and finance lease liabilities 5,458 11 1,802
Subordinated debentures (includes $0, $0, and $(151) accumulated other comprehensive income reclassification for change in fair value of interest rate swap agreements, respectively) 4,286 4,497 4,295
Total interest expense 150,309 138,001 103,867
NET INTEREST INCOME 242,036 187,469 189,829
PROVISION FOR CREDIT LOSS EXPENSE 8,855 9,222 5,993
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSS EXPENSE 233,181 178,247 183,836
NON-INTEREST INCOME:      
Service charges on deposit accounts 7,801 6,990 7,372
Other service charges and fees 1,862 2,973 3,010
Wealth and asset management fees 10,189 7,845 7,251
Net realized gains on available-for-sale securities (includes $1,168, $74, and $52 accumulated other comprehensive income reclassifications for net realized gains on available-for-sale securities, respectively) 1,168 74 52
Net realized and unrealized gains (losses) on equity securities 1,262 754 (387)
Mortgage banking 756 673 676
Bank owned life insurance 4,770 3,110 2,945
Card processing and interchange income 9,225 8,666 8,301
Other non-interest income 3,132 8,029 4,115
Total non-interest income 40,165 39,114 33,335
NON-INTEREST EXPENSES:      
Compensation and benefits (includes $(257), $(168), and $(174) accumulated other comprehensive income reclassifications for net amortization of actuarial (gains) losses, respectively) 89,723 74,536 71,062
Net occupancy expense 18,222 14,737 14,509
Amortization of core deposit intangible 1,848 73 84
Technology expense 23,744 21,805 20,202
State and local taxes 5,293 4,726 4,126
Legal, professional and examination fees 4,487 4,217 4,414
Advertising 2,820 2,545 3,133
FDIC insurance 4,063 3,718 3,879
Card processing and interchange expenses 5,183 4,575 5,025
Other non-interest expenses 21,674 19,070 18,908
Merger and integration costs 13,824 0 0
Total non-interest expenses 190,881 150,002 145,342
INCOME BEFORE INCOME TAXES 82,465 67,359 71,829
INCOME TAX EXPENSE (includes $299, $51, and $79 income tax expense reclassification items, respectively) 16,334 12,784 13,809
NET INCOME 66,131 54,575 58,020
PREFERRED STOCK DIVIDENDS 4,302 4,302 4,302
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 61,829 $ 50,273 $ 53,718
PER COMMON SHARE DATA:      
Basic Earnings Per Common Share (in dollars per share) $ 2.50 $ 2.39 $ 2.56
Diluted Earnings Per Common Share (in dollars per share) 2.49 2.39 2.55
Cash dividends declared (in dollars per share) $ 0.720 $ 0.710 $ 0.700
OTHER COMPREHENSIVE INCOME:      
Net change in unrealized gains on available-for-sale securities, net of reclassification and tax $ 13,504 $ 1,715 $ 6,109
Amortization of unrealized gains from held-to-maturity securities, net of tax 475 545 591
Change in actuarial gains (losses), for post-employment health care plan, net of amortization and tax (506) 245 (139)
Change in actuarial losses, for pension plan, net of tax (565) 0 0
Change in fair value of interest rate swap agreements designated as a cash flow hedge, net of interest and tax 0 0 (119)
Total other comprehensive income 12,908 2,505 6,442
COMPREHENSIVE INCOME $ 79,039 $ 57,080 $ 64,462