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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Interest income        
Loans $ 65,751,000 $ 70,647,000 $ 192,219,000 $ 142,417,000
Investment securities - taxable 9,367,000 9,005,000 27,717,000 18,588,000
Investment securities - tax-exempt 881,000 883,000 2,634,000 2,641,000
Short-term investments 1,123,000 2,452,000 4,904,000 5,272,000
Total interest income 77,122,000 82,987,000 227,474,000 168,918,000
Interest expense        
Deposits 22,639,000 28,603,000 69,754,000 57,384,000
Securities sold under agreements to repurchase and federal funds purchased 107,000 96,000 297,000 148,000
FHLB advances and other borrowings 1,791,000 1,154,000 3,939,000 3,780,000
Subordinated notes and trust preferred debt 1,597,000 1,437,000 4,223,000 2,925,000
Total interest expense 26,134,000 31,290,000 78,213,000 64,237,000
Net interest income 50,988,000 51,697,000 149,261,000 104,681,000
Provision for credit losses - loans 396,000 14,115,000 51,000 15,348,000
Recovery of credit losses - unfunded loan commitments 0 (434,000) (100,000) (557,000)
Net interest income after net recovery of credit losses 50,592,000 38,016,000 149,310,000 89,890,000
Noninterest income        
Service charges on deposit accounts 2,014,000 1,801,000 5,975,000 3,824,000
Interchange income 1,620,000 1,779,000 4,488,000 3,651,000
Other service charges, commissions and fees 983,000 559,000 2,047,000 1,019,000
Swap fee income 816,000 505,000 1,879,000 1,079,000
Trust and investment management income 3,636,000 3,760,000 11,184,000 7,916,000
Brokerage income 1,641,000 1,277,000 4,775,000 3,535,000
Mortgage banking activities 522,000 491,000 1,302,000 1,318,000
Income from life insurance 1,471,000 1,289,000 4,071,000 2,569,000
Investment securities gains 50,000 271,000 71,000 254,000
Other income 629,000 654,000 2,129,000 1,023,000
Total noninterest income 13,382,000 12,386,000 37,921,000 26,188,000
Noninterest expenses        
Salaries and employee benefits 21,439,000 27,190,000 63,191,000 54,137,000
Occupancy 1,907,000 1,818,000 5,567,000 4,197,000
Furniture and equipment 2,168,000 2,515,000 7,394,000 5,480,000
Data processing 1,116,000 2,046,000 3,005,000 4,548,000
Automated teller and interchange fees 892,000 784,000 2,184,000 1,476,000
Advertising and bank promotions 154,000 537,000 1,730,000 1,709,000
FDIC insurance 652,000 862,000 2,150,000 1,722,000
Professional services 1,703,000 1,119,000 5,545,000 2,551,000
Directors' compensation 350,000 123,000 854,000 646,000
Taxes other than income 828,000 503,000 2,065,000 1,046,000
Intangible asset amortization 2,410,000 2,464,000 7,417,000 2,904,000
Merger-related expenses 0 16,977,000 2,617,000 18,784,000
Restructuring expenses 0 257,000 91,000 257,000
Other operating expenses 2,678,000 3,104,000 8,277,000 5,950,000
Total noninterest expenses 36,297,000 60,299,000 112,087,000 105,407,000
Income (loss) before income tax expense (benefit) 27,677,000 (9,897,000) 75,144,000 10,671,000
Income tax expense (benefit) 5,812,000 (1,994,000) 15,780,000 2,305,000
Net income (loss) $ 21,865,000 $ (7,903,000) $ 59,364,000 $ 8,366,000
Per share information:        
Basic earnings (loss) per share (in usd per share) $ 1.14 $ (0.41) $ 3.09 $ 0.63
Diluted earnings (loss) per share (in usd per share) 1.13 (0.41) 3.07 0.62
Dividends paid per share (in usd per share) $ 0.27 $ 0.23 $ 0.79 $ 0.63