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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest income:        
Loans and leases $ 117,230 $ 113,101 $ 230,790 $ 222,303
Investment securities, taxable 8,602 5,900 16,755 11,979
Investment securities, tax-exempt 297 254 574 514
Other 1,087 1,914 2,401 2,841
Total interest income 127,216 121,169 250,520 237,637
Interest expense:        
Deposits 39,106 43,095 78,952 82,839
Short-term borrowings 809 2,158 1,041 5,260
Subordinated notes 1,007 1,061 2,021 2,122
Long-term debt and mandatorily redeemable securities 1,102 805 2,376 1,451
Total interest expense 42,024 47,119 84,390 91,672
Net interest income 85,192 74,050 166,130 145,965
Provision for credit losses - loans and leases 7,884 56 9,996 6,651
(Recovery of) provision for credit losses - unfunded loan commitments (194) (370) 959 512
Total provision for credit losses 7,690 (314) 10,955 7,163
Net interest income after provision for credit losses 77,502 74,364 155,175 138,802
Noninterest income:        
Mortgage banking 1,116 1,280 1,969 2,230
Insurance commissions 1,685 1,611 4,125 3,387
Equipment rental 779 1,257 1,678 2,928
Losses on investment securities available-for-sale (997) 0 (997) 0
Other 5,452 4,227 10,477 8,428
Total noninterest income 23,057 23,221 46,160 45,377
Noninterest expense:        
Salaries and employee benefits 31,800 29,238 63,915 58,810
Net occupancy 3,035 2,908 6,259 5,904
Furniture and equipment 1,684 1,265 3,031 2,414
Data Processing 7,410 6,712 14,701 13,212
Depreciation - leased equipment 619 999 1,337 2,287
Professional fees 1,499 1,713 3,167 3,058
FDIC and other insurance 1,438 1,627 2,878 3,284
Business development and marketing 1,884 2,026 3,809 3,770
Other 3,061 3,373 6,409 5,826
Total noninterest expense 52,430 49,861 105,506 98,565
Income before income taxes 48,129 47,724 95,829 85,614
Income tax expense 10,803 10,919 20,980 19,347
Net income 37,326 36,805 74,849 66,267
Net (income) loss attributable to noncontrolling interests (7) (12) (10) (19)
Net income available to common shareholders $ 37,319 $ 36,793 $ 74,839 $ 66,248
Per common share:        
Basic net income per common share (in dollars per share) $ 1.51 $ 1.49 $ 3.02 $ 2.68
Diluted net income per common share (in dollars per share) $ 1.51 $ 1.49 $ 3.02 $ 2.68
Basic weighted average common shares outstanding (in shares) 24,541,385 24,495,495 24,544,120 24,477,292
Diluted weighted average common shares outstanding (in shares) 24,541,385 24,495,495 24,544,120 24,477,292
Trust and wealth advisory        
Noninterest income:        
Trust and wealth advisory, service charges on deposit accounts, and debit card income $ 7,266 $ 7,081 $ 13,932 $ 13,368
Service charges on deposit accounts        
Noninterest income:        
Trust and wealth advisory, service charges on deposit accounts, and debit card income 3,189 3,203 6,260 6,273
Debit card        
Noninterest income:        
Trust and wealth advisory, service charges on deposit accounts, and debit card income $ 4,567 $ 4,562 $ 8,716 $ 8,763