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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest income:    
Interest and fees on loans $ 66,656 $ 75,636
Interest on mortgage loans held for sale 958 255
Taxable interest on debt securities 8,827 7,096
Nontaxable interest on debt securities 7 0
Dividends on Federal Home Loan Bank stock 1,022 1,073
Other interest income 1,993 1,196
Total interest and dividend income 79,463 85,256
Interest expense:    
Deposits 31,748 38,047
Federal Home Loan Bank advances 10,946 15,138
Junior subordinated debentures 347 406
Total interest expense 43,041 53,591
Net interest income [1] 36,422 31,665
Provision for credit losses 1,200 700
Net interest income after provision for credit losses 35,222 30,965
Noninterest income:    
Wealth management revenues [1] 9,891 9,338
Mortgage banking revenues [1] 2,304 2,506
Card interchange fees [1] 1,509 1,145
Service charges on deposit accounts [1] 744 685
Loan related derivative income [1] 101 284
Income from bank-owned life insurance [1] 769 739
Gain on sale of bank-owned properties, net [1],[2] 6,994 0
Other income [1] 331 2,466
Total noninterest income [1] 22,643 17,163
Noninterest expense:    
Salaries and employee benefits 22,422 21,775
Outsourced services 4,346 3,780
Net occupancy 2,741 2,561
Equipment 891 1,020
Legal, audit and professional fees 750 706
FDIC deposit insurance costs 1,262 1,441
Advertising and promotion 410 548
Amortization of intangibles 204 208
Pension plan settlement charge 6,436 0
Other expenses 2,734 2,324
Total noninterest expense 42,196 34,363
Income before income taxes 15,669 13,765
Income tax expense 3,490 2,829
Net income 12,179 10,936
Net income available to common shareholders $ 12,179 $ 10,924
Weighted average common shares outstanding - basic 19,276 17,033
Weighted average common shares outstanding - diluted 19,370 17,074
Per share information:    
Basic earnings per common share $ 0.63 $ 0.64
Diluted earnings per common share $ 0.63 $ 0.64
[1] As reported in the Unaudited Consolidated Statements of Income.
[2] Included herein in accordance with sales-leaseback transaction provisions of ASC 842 and ASC 606.