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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
INTEREST INCOME        
Loans, including fees $ 76,262 $ 68,080 $ 215,268 $ 197,412
Investment securities:        
Taxable 6,614 4,136 15,711 12,319
Tax-exempt 331 359 1,023 1,106
Other interest-bearing balances 196 223 476 973
Federal funds sold 3,463 1,043 6,152 1,461
Total Interest Income 86,866 73,841 238,630 213,271
INTEREST EXPENSE        
Deposits 32,631 30,689 91,876 85,484
Short-term borrowings 0 2,296 376 10,066
Long-term and subordinated debt 606 687 2,034 2,330
Total Interest Expense 33,237 33,672 94,286 97,880
Net Interest Income 53,629 40,169 144,344 115,391
(Benefit)/provision for credit losses - loans (187) 621 2,379 1,784
Benefit for credit losses - credit commitments (247) (105) (243) (601)
Net (benefit)/provision for credit losses (434) 516 2,136 1,183
Net Interest Income After Provision/Benefit for Credit Losses 54,063 39,653 142,208 114,208
NONINTEREST INCOME        
Net gain on sales of SBA loans 0 151 120 332
Earnings from cash surrender value of life insurance 605 276 1,370 861
Other 3,509 1,269 7,118 5,390
Total Noninterest Income 8,183 5,178 19,565 16,344
NONINTEREST EXPENSE        
Salaries and employee benefits 20,941 16,156 58,003 47,151
Software licensing and utilization 3,310 2,366 9,156 6,694
Occupancy, net 2,642 1,815 7,281 5,658
Equipment 1,248 1,206 3,590 3,715
Shares tax 1,006 824 2,531 1,945
Legal and professional fees 1,070 1,613 2,889 3,300
ATM/card processing 557 606 1,911 1,650
Intangible amortization 944 460 2,116 1,313
FDIC Assessment 422 1,150 2,406 3,327
Loss/(gain) on sale of foreclosed assets, net 471 (35) 443 7
Merger and acquisition 233 109 11,558 109
Other 5,138 3,689 14,538 11,834
Total Noninterest Expense 37,982 29,959 116,422 86,703
INCOME BEFORE PROVISION FOR INCOME TAXES 24,264 14,872 45,351 43,849
Provision for income taxes 5,967 2,571 8,550 7,644
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $ 18,297 $ 12,301 $ 36,801 $ 36,205
PER COMMON SHARE DATA:        
Basic Earnings Per Common Share (in dollars per share) $ 0.80 $ 0.74 $ 1.73 $ 2.18
Diluted Earnings Per Common Share (in dollars per share) $ 0.79 $ 0.74 $ 1.70 $ 2.18
Weighted-average basic shares outstanding (in shares) 23,005,504 16,612,657 21,322,698 16,585,719
Weighted-average diluted shares outstanding (in shares) 23,277,567 16,657,169 21,587,719 16,625,559
Fiduciary and wealth management        
NONINTEREST INCOME        
Non-interest Income $ 1,340 $ 1,204 $ 3,886 $ 3,465
ATM debit card interchange        
NONINTEREST INCOME        
Non-interest Income 1,019 962 2,896 2,880
Service charges on deposits        
NONINTEREST INCOME        
Non-interest Income 647 549 1,861 1,597
Mortgage banking        
NONINTEREST INCOME        
Non-interest Income 1,013 768 2,280 1,820
Mortgage hedging        
NONINTEREST INCOME        
Non-interest Income $ 50 $ (1) $ 34 $ (1)