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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Loans, including fees      
Taxable, Loans, including fees $ 217,615 $ 145,188 $ 112,268
Tax-exempt, Loans, including fees 240 176 362
Securities      
Taxable, Securities 18,412 8,442 5,884
Tax-exempt, Securities 5,549 4,610 3,586
Interest on interest bearing deposits with other banks 732 331 315
Total interest income 242,548 158,747 122,415
Interest expense      
Deposits 73,191 20,683 8,181
Short-term borrowings 6,816 3,786 1,768
Long-term borrowings and subordinated debentures 5,972 5,292 2,534
Total interest expense 85,979 29,761 12,483
Net interest income 156,569 128,986 109,932
Provision for credit losses 12,250 6,950 4,000
Net interest income after provision for credit losses 144,319 122,036 105,932
Noninterest income      
Revenue from contracts with customers 18,264 15,905 14,440
Mortgage origination revenue 577 1,480 3,999
Net realized (losses)/gains on debt securities (266) (708) 425
Net gains on equity investments 740 265 202
Bank owned life insurance and annuities income 1,576 1,211 1,026
Other 537 516 742
Total noninterest income 20,876 18,153 20,208
Noninterest expenses      
Salaries, commissions and employee benefits 46,296 40,452 34,386
Net occupancy expense 5,851 5,128 4,824
Equipment expense 9,094 7,253 6,990
Professional fees 1,775 1,628 1,578
Advertising and public relations 1,113 893 697
Amortization of intangibles 3,335 1,440 1,563
FDIC premiums 2,458 1,224 1,449
Bank card expense 3,429 2,928 2,668
Foreclosed properties expense, net of (gains)/losses 89 236 1,745
Acquisition-related expenses 6,444 114 1,224
Other 14,909 11,583 11,615
Total noninterest expenses 94,793 72,879 68,739
Income before income tax expense 70,402 67,310 57,401
Income tax expense 15,163 14,094 11,663
Net income 55,239 53,216 45,738
Preferred stock dividends 900 900 589
Net income applicable to common shares $ 54,339 $ 52,316 $ 45,149
Basic earnings per common share (in dollars per share) $ 3.82 $ 4.1 $ 3.49
Diluted earnings per common share (in dollars per share) $ 3.81 $ 4.08 $ 3.47
Fiduciary and Trust [Member]      
Noninterest income      
Revenue from contracts with customers $ 3,436 $ 2,978 $ 2,886
Deposit Account [Member]      
Noninterest income      
Revenue from contracts with customers 6,977 6,150 5,032
Credit and Debit Card [Member]      
Noninterest income      
Revenue from contracts with customers $ 7,299 $ 6,261 $ 5,896