XML 19 R5.htm IDEA: XBRL DOCUMENT v3.25.4
Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Interest income      
Interest and fees on loans (includes tax-exempt income of $2,878,000 in 2025, $2,518,000 in 2024, and $1,913,000 in 2023) $ 141,160 $ 129,440 $ 108,274
Interest on deposits with other banks 400 550 517
Interest and dividends on investments (includes tax-exempt income of $7,793,000 in 2025, $7,940,000 in 2024, and $8,032,000 in 2023) 18,711 18,842 19,383
Total interest income 160,271 148,832 128,174
Interest expense      
Interest on deposits 76,697 79,411 61,004
Interest on borrowed funds 6,197 5,511 1,963
Total interest expense 82,894 84,922 62,967
Net interest income 77,377 63,910 65,207
Credit loss expense - loans 2,049 1,304 1,330
Credit loss reduction - debt securities HTM (50) (238) (4)
Credit loss reduction - off-balance sheet credit exposures (149) (541) (142)
Total credit loss expense 1,850 525 1,184
Net interest income after provision for credit losses 75,527 63,385 64,023
Non-interest income      
Other operating income 3,451 3,094 2,699
Total non-interest income 17,340 16,355 15,437
Non-interest expense      
Salaries and employee benefits 26,998 24,230 21,942
Occupancy expense 3,394 3,373 3,319
Furniture and equipment expense 5,878 5,622 5,391
FDIC insurance premiums 2,722 2,391 1,962
Amortization of identified intangibles 26 26 26
Other operating expense 11,910 11,514 11,118
Total non-interest expense 50,928 47,156 43,758
Income before income taxes 41,939 32,584 35,702
Applicable tax expense 7,545 5,539 6,184
Net income $ 34,394 $ 27,045 $ 29,518
Basic earnings per common share (usd per share) $ 3.10 $ 2.45 $ 2.68
Diluted earnings per common share (usd per share) $ 3.07 $ 2.43 $ 2.66
Other comprehensive income (loss), net of tax      
Net unrealized gain (loss) on securities available for sale, net of taxes $ 11,330 $ (3,096) $ 5,143
Net unrealized gain on transferred securities, net of taxes 9 9 8
Net unrealized loss on hedging derivative instruments (157) (143) (244)
Net unrecognized (loss) gain on postretirement benefits (47) (16) 30
Other comprehensive gain (loss) 11,135 (3,246) 4,937
Comprehensive income 45,529 23,799 34,455
Fiduciary and investment management income      
Non-interest income      
Non-interest income 5,427 4,963 4,654
Service charges on deposit accounts      
Non-interest income      
Non-interest income 2,161 2,048 1,887
Mortgage origination and servicing income, net of amortization      
Non-interest income      
Non-interest income 846 794 813
Debit card income      
Non-interest income      
Non-interest income $ 5,455 $ 5,456 $ 5,384