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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Interest income:        
Loans, including fees $ 90,018 $ 72,308 $ 175,858 $ 141,095
Federal funds sold and interest bearing due from banks 2,157 1,664 4,253 3,245
Mortgage loans held for sale 74 77 105 118
Federal Home Loan Bank stock 470 275 938 440
Investment securities:        
Taxable 7,125 8,299 14,782 16,745
Tax-exempt 460 440 913 887
Total interest income 100,304 83,063 196,849 162,530
Interest expense:        
Deposits 31,623 17,081 63,489 30,580
Securities sold under agreements to repurchase 771 376 1,702 832
Federal funds purchased and other short-term borrowings 139 170 275 347
Federal Home Loan Bank advances 5,263 3,962 8,260 5,696
Subordinated debentures 486 545 1,031 1,074
Total interest expense 38,282 22,134 74,757 38,529
Net interest income 62,022 60,929 122,092 124,001
Provision for credit losses 1,300 2,350 2,725 4,975
Net interest income after provision expense 60,722 58,579 119,367 119,026
Non-interest income:        
Mortgage banking income 1,017 1,030 1,965 2,068
Bank owned life insurance 595 559 1,183 1,108
Gain (loss) on sale of premises and equipment 20 (225) 20 (227)
Total non-interest income 23,655 22,860 46,926 44,907
Non-interest expenses:        
Compensation 24,634 22,107 48,855 44,003
Employee benefits 5,086 5,061 10,962 10,114
Net occupancy and equipment 3,819 3,514 7,489 7,413
Technology and communication 4,894 4,219 9,963 8,470
Debit and credit card processing 1,811 1,706 3,557 3,125
Marketing and business development 1,596 1,784 2,671 2,879
Postage, printing and supplies 913 889 1,839 1,763
Legal and professional 1,185 819 2,300 1,616
FDIC insurance 1,161 779 2,273 1,914
Amortization of investments in tax credit partnerships 0 324 0 647
Capital and deposit based taxes 673 607 1,303 1,246
Intangible amortization 1,051 1,172 2,103 2,352
Other 2,286 2,819 4,755 5,572
Total non-interest expenses 49,109 45,800 98,070 91,114
Income before income tax expense 35,268 35,639 68,223 72,819
Income tax expense 7,670 7,975 14,738 16,107
Net income $ 27,598 $ 27,664 $ 53,485 $ 56,712
Net income per share - basic (in dollars per share) $ 0.94 $ 0.95 $ 1.83 $ 1.94
Net income per share - diluted (in dollars per share) $ 0.94 $ 0.94 $ 1.82 $ 1.93
Weighted average outstanding shares        
Basic (in shares) 29,283 29,223 29,267 29,200
Diluted (in shares) 29,383 29,340 29,372 29,353
Fiduciary and Trust [Member]        
Non-interest income:        
Non-interest income $ 10,795 $ 10,146 $ 21,566 $ 19,673
Deposit Account [Member]        
Non-interest income:        
Non-interest income 2,180 2,201 4,316 4,350
Credit and Debit Card [Member]        
Non-interest income:        
Non-interest income 4,923 4,712 9,605 9,194
Treasury Management [Member]        
Non-interest income:        
Non-interest income 2,825 2,549 5,450 4,867
Investment Advisory, Management and Administrative Service [Member]        
Non-interest income:        
Non-interest income 800 800 1,665 1,554
Product and Service, Other [Member]        
Non-interest income:        
Non-interest income $ 500 $ 1,088 $ 1,156 $ 2,320