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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest income:        
Interest and fees on loans $ 67,345 $ 76,240 $ 134,001 $ 151,876
Interest on mortgage loans held for sale 442 392 1,400 647
Taxable interest on debt securities 9,230 6,944 18,057 14,040
Nontaxable interest on debt securities 8 0 15 0
Dividends on Federal Home Loan Bank stock 792 1,124 1,814 2,197
Other interest income 1,029 1,297 3,022 2,493
Total interest and dividend income 78,846 85,997 158,309 171,253
Interest expense:        
Deposits 30,864 36,713 62,612 74,760
Federal Home Loan Bank advances 10,451 17,296 21,397 32,434
Junior subordinated debentures 346 403 693 809
Total interest expense 41,661 54,412 84,702 108,003
Net interest income [1] 37,185 31,585 73,607 63,250
Provision for credit losses 600 500 1,800 1,200
Net interest income after provision for credit losses 36,585 31,085 71,807 62,050
Noninterest income:        
Wealth management revenues [1] 10,120 9,678 20,011 19,016
Mortgage banking revenues [1] 3,034 2,761 5,338 5,267
Card interchange fees [1] 1,247 1,275 2,756 2,420
Service charges on deposit accounts [1] 808 769 1,552 1,454
Loan related derivative income [1] 676 49 777 333
Income from bank-owned life insurance [1] 826 753 1,595 1,492
Gain on sale of bank-owned properties, net [1] 0 988 6,994 988
Other income [1] 367 387 698 2,853
Total noninterest income [1] 17,078 16,660 39,721 33,823
Noninterest expense:        
Salaries and employee benefits 23,025 21,260 45,447 43,035
Outsourced services 4,404 4,096 8,750 7,876
Net occupancy 2,662 2,397 5,403 4,958
Equipment 930 958 1,821 1,978
Legal, audit and professional fees 726 741 1,476 1,447
FDIC deposit insurance costs 1,235 1,404 2,497 2,845
Advertising and promotion 717 661 1,127 1,209
Amortization of intangibles 203 208 407 416
Pension plan settlement charge 0 0 6,436 0
Other expenses 2,628 2,185 5,362 4,509
Total noninterest expense 36,530 33,910 78,726 68,273
Income before income taxes 17,133 13,835 32,802 27,600
Income tax expense 3,888 3,020 7,378 5,849
Net income 13,245 10,815 25,424 21,751
Net income available to common shareholders $ 13,245 $ 10,807 $ 25,424 $ 21,731
Weighted average common shares outstanding - basic 19,285 17,052 19,280 17,042
Weighted average common shares outstanding - diluted 19,374 17,110 19,372 17,082
Per share information:        
Basic earnings per common share $ 0.69 $ 0.63 $ 1.32 $ 1.28
Diluted earnings per common share $ 0.68 $ 0.63 $ 1.31 $ 1.27
[1] As reported in the Unaudited Consolidated Statements of Income.