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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest income:    
Loans, including fees $ 85,840 $ 68,787
Federal funds sold and interest bearing due from banks 2,096 1,581
Mortgage loans held for sale 31 41
Federal Home Loan Bank stock 468 165
Investment securities:    
Taxable 7,657 8,446
Tax-exempt 453 447
Total interest income 96,545 79,467
Interest expense:    
Deposits 31,866 13,499
Securities sold under agreements to repurchase 931 456
Federal funds purchased and other short-term borrowings 136 177
Federal Home Loan Bank advances 2,997 1,734
Subordinated debentures 545 529
Total interest expense 36,475 16,395
Net interest income 60,070 63,072
Provision for credit losses 1,425 2,625
Net interest income after provision expense 58,645 60,447
Non-interest income:    
Mortgage banking income [1] 948 1,038
Bank owned life insurance [1] 588 549
Loss on sale of premises and equipment [1] 0 (2)
Total non-interest income 23,271 22,047
Non-interest expenses:    
Compensation 24,221 21,896
Employee benefits 5,876 5,053
Net occupancy and equipment 3,670 3,899
Technology and communication 5,069 4,251
Debit and credit card processing 1,746 1,419
Marketing and business development 1,075 1,095
Postage, printing and supplies 926 874
Legal and professional 1,115 797
FDIC insurance 1,112 1,135
Amortization of investments in tax credit partnerships 0 323
Capital and deposit based taxes 630 639
Intangible amortization 1,052 1,180
Other 2,469 2,753
Total non-interest expenses 48,961 45,314
Income before income tax expense 32,955 37,180
Income tax expense 7,068 8,132
Net income $ 25,887 $ 29,048
Net income per share - basic (in dollars per share) $ 0.89 $ 1
Net income per share - diluted (in dollars per share) $ 0.88 $ 0.99
Weighted average outstanding shares    
Basic (in shares) 29,250 29,178
Diluted (in shares) 29,361 29,365
Fiduciary and Trust [Member]    
Non-interest income:    
Non-interest income $ 10,771 $ 9,527
Deposit Account [Member]    
Non-interest income:    
Non-interest income 2,136 2,149
Credit and Debit Card [Member]    
Non-interest income:    
Non-interest income 4,682 4,482
Treasury Management [Member]    
Non-interest income:    
Non-interest income 2,625 2,318
Investment Advisory, Management and Administrative Service [Member]    
Non-interest income:    
Non-interest income 865 754
Product and Service, Other [Member]    
Non-interest income:    
Non-interest income $ 656 $ 1,232
[1] Outside of the scope of ASC 606.