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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest income:    
Interest and fees on loans $ 70,333 $ 57,098
Interest and dividends on investment securities 6,095 6,057
Other interest income 1,985 616
Total interest income 78,413 63,771
Interest expense:    
Deposits 35,238 19,294
Short-term borrowings 1,529 1,202
Long-term borrowings 1,564 1,460
Total interest expense 38,331 21,956
Net interest income 40,082 41,815
(Benefit) provision for credit losses (5,456) 4,214
Net interest income after (benefit) provision for credit losses 45,538 37,601
Noninterest income:    
Service charges on deposits 1,077 1,027
Insurance income 2,134 2,087
Card interchange income 1,902 1,939
Investment advisory 2,582 2,923
Company owned life insurance 1,298 994
Investments in limited partnerships 342 251
Loan servicing 175 146
Income from derivative instruments, net 174 496
Net gain on sale of loans held for sale 88 112
Net (loss) gain on other assets (13) 39
Net loss on tax credit investments (375) (201)
Other 1,517 1,111
Total noninterest income 10,901 10,924
Noninterest expense:    
Salaries and employee benefits 17,340 18,133
Occupancy and equipment 3,752 3,730
Professional services 2,372 1,495
Computer and data processing 5,386 4,691
Supplies and postage 475 490
FDIC assessments 1,295 1,115
Advertising and promotions 297 314
Amortization of intangibles 217 234
Deposit-related charged-off items 19,179 323
Other 3,700 3,136
Total noninterest expense 54,013 33,661
Income (loss) before income taxes 2,426 14,864
Income tax expense 356 2,775
Net income (loss) 2,070 12,089
Preferred stock dividends 365 365
Net income available to common shareholders $ 1,705 $ 11,724
Earnings per common share (Note 2):    
Basic $ 0.11 $ 0.76
Diluted 0.11 0.76
Cash dividends declared per common share $ 0.3 $ 0.3