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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Interest income:        
Loans, including fees $ 95,689 $ 78,234 $ 271,547 $ 219,329
Federal funds sold and interest bearing due from banks 1,946 1,640 6,199 4,885
Mortgage loans held for sale 47 55 152 173
Federal Home Loan Bank stock 663 499 1,601 939
Investment securities:        
Taxable 6,918 8,064 21,700 24,809
Tax-exempt 459 433 1,372 1,320
Total interest income 105,722 88,925 302,571 251,455
Interest expense:        
Deposits 33,997 21,360 97,486 51,940
Securities sold under agreements to repurchase 937 597 2,639 1,429
Federal funds purchased and other short-term borrowings 120 157 395 504
Federal Home Loan Bank advances 5,209 4,917 13,469 10,613
Subordinated debentures 480 579 1,511 1,653
Total interest expense 40,743 27,610 115,500 66,139
Net interest income 64,979 61,315 187,071 185,316
Provision for credit losses 4,325 2,775 7,050 7,750
Net interest income after provision expense 60,654 58,540 180,021 177,566
Non-interest income:        
Mortgage banking income [1] 1,112 814 3,077 2,882
Bank owned life insurance [1] 634 569 1,817 1,677
Gain (loss) on sale of premises and equipment [1] (59) 302 (39) 75
Total non-interest income 24,797 22,896 71,723 67,803
Non-interest expenses:        
Compensation 25,534 23,379 74,389 67,382
Employee benefits 4,629 4,508 15,591 14,622
Net occupancy and equipment 3,775 3,821 11,264 11,234
Technology and communication 4,500 4,236 14,463 12,706
Debit and credit card processing 1,845 1,637 5,402 4,762
Marketing and business development 1,438 1,357 4,109 4,236
Postage, printing and supplies 901 938 2,740 2,701
Legal and professional 968 1,049 3,268 2,665
FDIC insurance 1,095 937 3,368 2,851
Capital and deposit based taxes 825 629 2,128 1,875
Intangible amortization 1,052 1,167 3,155 3,519
Amortization of investments in tax credit partnerships 0 323 0 970
Other 1,890 2,721 6,645 8,293
Total non-interest expenses 48,452 46,702 146,522 137,816
Income before income tax expense 36,999 34,734 105,222 107,553
Income tax expense 7,639 7,642 22,377 23,749
Net income $ 29,360 $ 27,092 $ 82,845 $ 83,804
Net income per share - basic (in dollars per share) $ 1 $ 0.93 $ 2.83 $ 2.87
Net income per share - diluted (in dollars per share) $ 1 $ 0.92 $ 2.82 $ 2.86
Weighted average outstanding shares        
Basic (in shares) 29,299 29,223 29,277 29,208
Diluted (in shares) 29,445 29,336 29,396 29,347
Fiduciary and Trust [Member]        
Non-interest income:        
Non-interest income $ 10,931 $ 10,030 $ 32,497 $ 29,703
Deposit Account [Member]        
Non-interest income:        
Non-interest income 2,314 2,272 6,630 6,622
Credit and Debit Card [Member]        
Non-interest income:        
Non-interest income 5,083 4,870 14,688 14,064
Treasury Management [Member]        
Non-interest income:        
Non-interest income 2,939 2,635 8,389 7,502
Investment Advisory, Management and Administrative Service [Member]        
Non-interest income:        
Non-interest income 915 791 2,580 2,345
Product and Service, Other [Member]        
Non-interest income:        
Non-interest income $ 928 $ 613 $ 2,084 $ 2,933
[1] (1) Outside of the scope of ASC 606.