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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Interest and dividend income      
Loans, including fees $ 183,578 $ 160,755 $ 108,053
Taxable securities 12,639 11,718 9,123
Tax-exempt securities 9,473 9,282 7,859
Federal funds sold and other 1,005 979 1,120
Total interest and dividend income 206,695 182,734 126,155
Interest expense      
Deposits 65,801 33,755 3,840
Federal Home Loan Bank advances 18,493 14,559 3,076
Subordinated debentures 4,931 4,849 3,781
Securities sold under agreements to repurchase and other 760 4,075 5,254
Total interest expense 89,985 57,238 15,951
Net interest income 116,710 125,496 110,204
Provision for credit losses 5,364 4,435 1,752
Net interest income after provision for credit losses 111,346 121,061 108,452
Noninterest Income      
Service charges 6,114 7,206 7,074
Net gain on sale of securities 33 0 10
Net gain (loss) on equity securities 252 (21) 118
Net gain on sale of loans and leases 4,438 2,908 3,397
ATM/Interchange fees 5,841 5,880 5,499
Wealth management fees 5,519 4,767 4,902
Lease revenue & residual income 8,911 7,595 2,310
Bank owned life insurance 2,205 1,112 984
Tax refund processing fees 0 2,375 2,375
Swap fees 232 673 247
Other 4,203 4,668 2,160
Total noninterest income 37,748 37,163 29,076
Noninterest expense      
Compensation expense 61,821 58,291 51,061
Net occupancy expense 5,097 5,395 4,701
Equipment expense 9,553 11,085 5,070
Contracted data processing 2,248 2,242 2,788
FDIC Assessment 2,631 1,637 797
State franchise tax 2,052 2,026 1,975
Professional services 5,779 4,952 5,388
Amortization of core deposit intangibles 1,484 1,579 1,296
ATM/Interchange expense 2,544 2,420 2,248
Marketing expense 2,088 1,352 1,513
Software maintenance expenses 4,944 4,167 3,433
Other operating expenses 12,279 12,465 10,223
Total noninterest expense 112,520 107,611 90,493
Income before income taxes 36,574 50,613 47,035
Income taxes 4,891 7,649 7,608
Net income 31,683 42,964 39,427
Net income available to common shareholders $ 31,683 $ 42,964 $ 39,427
Earnings per common share, basic $ 2.01 $ 2.73 $ 2.6
Earnings per common share, diluted $ 2.01 $ 2.73 $ 2.6