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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Loans/leases, including fees:        
Taxable $ 77,314 $ 77,347 $ 231,555 $ 226,557
Nontaxable 24,617 29,820 74,595 83,915
Securities:        
Taxable 4,968 4,879 14,685 14,272
Nontaxable 12,962 10,904 36,274 30,274
Interest-bearing deposits at financial institutions 935 1,340 3,776 4,778
Restricted investment securities 650 570 1,554 1,726
Federal funds sold 127 155 252 413
Total interest and dividend income 121,573 125,015 362,691 361,935
Interest expense:        
Deposits 44,599 52,817 136,948 154,217
Short-term borrowings 32 22 90 55
Federal Home Loan Bank advances 2,510 2,348 4,190 7,197
Other borrowings 1,081 479 3,512 479
Subordinated notes 3,934 3,861 11,777 11,062
Junior subordinated debentures 725 689 2,128 2,058
Total interest expense 52,881 60,216 158,645 175,068
Net interest income 68,692 64,799 204,046 186,867
Provision for credit losses 4,452 4,305 11,614 12,582
Net interest income after provision for credit losses 64,240 60,494 192,432 174,285
Noninterest income:        
Gains on sales of residential real estate loans, net 325 529 1,446 1,382
Capital markets revenue 16,901 23,832 42,994 40,217
Earnings on bank-owned life insurance 887 952 2,843 2,474
Loan related fee income 1,045 846 3,061 2,840
Fair value gain (loss) on derivatives and trading securities 442 324 375 (453)
Other 512 593 1,568 1,215
Total noninterest income 30,482 36,651 82,861 75,658
Noninterest expense:        
Salaries and employee benefits 32,803 34,338 96,312 90,176
Occupancy and equipment expense 8,165 7,363 22,986 20,655
Professional and data processing fees 5,250 6,741 16,009 17,974
FDIC insurance, other insurance and regulatory fees 1,847 2,035 5,892 5,965
Loan/lease expense 606 345 1,003 1,133
Net cost of and losses on operations of other real estate 24 3 29 44
Advertising and marketing 2,143 1,830 5,740 5,189
Communication and data connectivity 170 40 615 604
Supplies 223 259 721 718
Bank service charges 679 678 2,054 1,994
Correspondent banking expense 334 338 1,002 981
Intangibles amortization 506 662 1,518 1,984
Payment card processing 551 569 1,555 1,710
Trust expense 423 412 1,352 1,182
Other 1,002 974 3,220 2,400
Total noninterest expense 54,726 56,587 160,008 152,709
Net income before income taxes 39,996 40,558 115,285 97,234
Federal and state income tax expense 3,562 3,844 9,217 5,704
Net income $ 36,434 $ 36,714 $ 106,068 $ 91,530
Basic earnings per common share (in dollars per share) $ 2.23 $ 2.17 $ 6.43 $ 5.41
Diluted earnings per common share (in dollars per share) $ 2.21 $ 2.16 $ 6.39 $ 5.38
Weighted average common shares outstanding 16,362,311 16,919,785 16,501,369 16,916,371
Weighted average common and common equivalent shares outstanding 16,451,111 17,015,730 16,587,489 17,011,877
Cash dividends declared per common share $ 0.15 $ 0.06 $ 0.35 $ 0.18
Trust fees        
Noninterest income:        
Revenue $ 3,980 $ 3,544 $ 12,155 $ 10,625
Investment advisory and management fees        
Noninterest income:        
Revenue 1,677 1,488 4,767 3,996
Deposit service fees        
Noninterest income:        
Revenue 2,230 2,231 6,318 6,601
Debit card fees        
Noninterest income:        
Revenue 1,745 1,648 5,156 4,784
Correspondent banking fees        
Noninterest income:        
Revenue $ 738 $ 664 $ 2,178 $ 1,977