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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest Income    
Loans and fees $ 114,680 $ 100,481
Federal funds sold and interest-bearing deposits with banks 1,102 728
Taxable investment securities and other 11,631 11,554
Tax-exempt investment securities 1,448 1,642
Total Interest Income 128,861 114,405
Interest Expense    
Deposits 54,763 29,158
Federal funds purchased and securities sold under agreements to repurchase 5,560 7,222
Other borrowings 5,980 2,100
Total Interest Expense 66,303 38,480
Net Interest Income 62,558 75,925
(Benefit) provision for credit losses (2,692) 7,893
Net Interest Income after (Benefit) Provision for Credit Losses 65,250 68,032
Noninterest Income    
Service charges on deposit accounts 1,959 2,789
Commissions and fees 1,690 1,925
Income on bank owned life insurance 877 776
(Loss) gain on equity securities (129) 148
Gains on sales of loans held for sale 305 430
Swap income 289 56
Other income 103 141
Total Noninterest Income 5,094 6,265
Noninterest Expense    
Compensation and employee benefits 26,874 29,996
Premises and equipment 7,886 7,977
FDIC insurance expense 1,393 963
Data processing expense 1,781 1,862
Merger-related expenses 68 295
Other expenses 6,647 7,512
Total Noninterest Expense 44,649 48,605
Income before provision for income taxes 25,695 25,692
Provision for income taxes 5,900 5,887
Net Income $ 19,795 $ 19,805
Per Share of Common Stock    
Basic earnings (in usd per share) $ 0.30 $ 0.30
Diluted earnings (in usd per share) 0.30 0.30
Dividends (in usd per share) $ 0.145 $ 0.145