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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Interest income      
Loans $ 210,287 $ 126,595 $ 93,528
Investment securities - taxable 27,361 18,031 10,237
Investment securities - tax-exempt 3,521 3,462 4,115
Short term investments 7,764 1,809 774
Total interest income 248,933 149,897 108,654
Interest expense      
Deposits 84,234 37,510 6,337
Securities sold under agreements to repurchase and federal funds purchased 215 114 44
FHLB advances and other borrowings 4,945 5,350 630
Subordinated notes and trust preferred debt 4,285 2,017 2,013
Total interest expense 93,679 44,991 9,024
Net interest income 155,254 104,906 99,630
Provision for credit losses - loans 17,408 1,682 4,160
Provision for credit losses - unfunded loan commitments (862) 0 28
Net interest income after provision for credit losses 138,708 103,224 95,442
Noninterest income      
Service charges on deposit accounts 5,327 3,949 3,826
Interchange income 5,259 3,873 4,055
Other service charges, commissions and fees 1,566 917 788
Swap fee income 1,676 1,039 2,632
Trust and investment management income 11,501 7,691 7,631
Brokerage income 4,852 3,649 3,620
Mortgage banking activities 1,835 591 407
Income from life insurance 3,866 2,482 2,339
Investment securities gains (losses) 249 (47) (160)
Other income 1,304 1,508 1,814
Total noninterest income 37,435 25,652 26,952
Noninterest expenses      
Salaries and employee benefits 76,581 50,983 48,004
Occupancy 5,978 4,342 4,729
Furniture and equipment 8,592 5,251 5,083
Data processing 6,088 4,913 4,560
Automated teller and interchange fees 2,281 1,252 1,287
Advertising and bank promotions 2,587 2,157 2,264
FDIC insurance 2,677 1,960 1,083
Professional services 4,142 2,905 3,254
Directors' compensation 783 915 938
Taxes other than income 734 1,050 1,391
Intangible asset amortization 5,742 953 1,105
Merger-related expenses 22,671 1,059 0
Provision for legal settlement 478 0 13,000
Consolidation of operations expenses 296 0 3,155
Other operating expenses 8,707 6,103 5,925
Total noninterest expenses 148,337 83,843 95,778
Income before income tax expense 27,806 45,033 26,616
Income tax expense 5,756 9,370 4,579
Net income $ 22,050 $ 35,663 $ 22,037
Per share information:      
Basic earnings per share (in dollars per share) $ 1.49 $ 3.45 $ 2.09
Diluted earnings per share (in dollars per share) 1.48 3.42 2.06
Dividends paid per share (in dollars per share) $ 0.86 $ 0.80 $ 0.76