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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Interest income:      
Interest and fees on loans $ 299,297 $ 270,330 $ 169,301
Interest on mortgage loans held for sale 1,775 980 1,165
Taxable interest on debt securities 27,850 29,059 21,827
Nontaxable interest on debt securities 8 0 0
Dividends on Federal Home Loan Bank stock 4,771 3,315 548
Other interest income 6,977 4,975 1,624
Interest and dividend income 340,678 308,659 194,465
Interest expense:      
Deposits 146,098 120,429 26,023
Federal Home Loan Bank advances 64,539 49,589 11,713
Junior subordinated debentures 1,593 1,543 739
Interest expense 212,230 171,561 38,475
Net interest income [1] 128,448 137,098 155,990
Provision for credit losses 2,400 3,200 (1,300)
Net interest income after provision for credit losses 126,048 133,898 157,290
Noninterest income:      
Wealth management revenues [1] 39,054 35,540 38,746
Mortgage banking revenues [1] 10,981 6,660 8,733
Card interchange fees [1] 4,996 4,921 4,996
Service charges on deposit accounts [1] 3,032 2,806 3,192
Loan related derivative income [1] 467 1,390 2,756
Income from bank-owned life insurance [1] 3,041 3,488 2,591
Realized losses on securities, net [1] (31,047) 0 0
Losses on sale of portfolio loans, net [1] (62,888) 0 0
Other income [1] 4,567 1,335 1,588
Noninterest income [1] (27,797) 56,140 62,602
Noninterest expense:      
Salaries and employee benefits 86,260 82,458 83,804
Outsourced services 16,258 14,521 13,737
Net occupancy 9,785 9,636 9,126
Equipment 3,838 4,318 3,797
Legal, audit and professional fees 3,128 3,891 3,127
FDIC deposit insurance costs 5,513 4,667 1,687
Advertising and promotion 2,626 2,562 2,587
Amortization of intangibles 826 843 860
Other expenses 8,835 10,661 9,997
Noninterest expense 137,069 133,557 128,722
Income (loss) before income taxes (38,818) 56,481 91,170
Income tax (benefit) expense (10,759) 8,305 19,489
Net income (loss) (28,059) 48,176 71,681
Net income (loss) available to common shareholders $ (28,038) $ 48,091 $ 71,479
Weighted average common shares outstanding - basic 17,149 17,033 17,246
Weighted average common shares outstanding - diluted 17,149 17,062 17,381
Per share information:      
Basic earnings (loss) per common share (in dollars per share) $ (1.63) $ 2.82 $ 4.14
Diluted earnings (loss) per common share (in dollars per share) $ (1.63) $ 2.82 $ 4.11
[1] As reported in the Consolidated Statements of Income (Loss).