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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Interest income:        
Loans and leases $ 120,242 $ 115,200 $ 351,032 $ 337,503
Investment securities, taxable 8,803 6,120 25,558 18,099
Investment securities, tax-exempt 301 251 875 765
Other 1,542 1,659 3,943 4,500
Total interest income 130,888 123,230 381,408 360,867
Interest expense:        
Deposits 39,654 43,782 118,606 126,621
Short-term borrowings 307 1,509 1,348 6,769
Subordinated notes 1,010 1,054 3,031 3,176
Long-term debt and mandatorily redeemable securities 1,167 1,399 3,543 2,850
Total interest expense 42,138 47,744 126,528 139,416
Net interest income 88,750 75,486 254,880 221,451
(Recovery of) provision for credit losses - loans and leases (179) 3,108 9,817 9,759
Provision (recovery of provision) for credit losses - unfunded loan commitments 1,075 (1,385) 2,034 (873)
Total provision for credit losses 896 1,723 11,851 8,886
Net interest income after provision for credit losses 87,854 73,763 243,029 212,565
Noninterest income:        
Mortgage banking 1,031 1,042 3,000 3,272
Insurance commissions 1,845 1,641 5,970 5,028
Equipment rental 693 1,141 2,371 4,069
Losses on investment securities available-for-sale (1,877) 0 (2,874) 0
Other 5,422 4,223 15,899 12,651
Total noninterest income 21,906 22,448 68,066 67,825
Noninterest expense:        
Salaries and employee benefits 32,217 31,274 96,132 90,084
Net occupancy 3,085 3,011 9,344 8,915
Furniture and equipment 1,566 1,496 4,597 3,910
Data Processing 7,578 7,002 22,279 20,214
Depreciation - leased equipment 557 907 1,894 3,194
Professional fees 1,765 1,928 4,932 4,986
FDIC and other insurance 1,454 1,423 4,332 4,707
Business development and marketing 2,846 1,671 6,655 5,441
Other 3,708 2,116 10,117 7,942
Total noninterest expense 54,776 50,828 160,282 149,393
Income before income taxes 54,984 45,383 150,813 130,997
Income tax expense 12,705 10,469 33,685 29,816
Net income 42,279 34,914 117,128 101,181
Net loss (income) attributable to noncontrolling interests 17 23 7 4
Net income available to common shareholders $ 42,296 $ 34,937 $ 117,135 $ 101,185
Per common share:        
Basic net income per common share (in dollars per share) $ 1.71 $ 1.41 $ 4.74 $ 4.09
Diluted net income per common share (in dollars per share) $ 1.71 $ 1.41 $ 4.74 $ 4.09
Basic weighted average common shares outstanding (in shares) 24,472,035 24,514,144 24,519,828 24,489,665
Diluted weighted average common shares outstanding (in shares) 24,472,035 24,514,144 24,519,828 24,489,665
Trust and wealth advisory        
Noninterest income:        
Trust and wealth advisory, service charges on deposit accounts, and debit card income $ 6,825 $ 6,524 $ 20,757 $ 19,892
Service charges on deposit accounts        
Noninterest income:        
Trust and wealth advisory, service charges on deposit accounts, and debit card income 3,437 3,279 9,697 9,552
Debit card        
Noninterest income:        
Trust and wealth advisory, service charges on deposit accounts, and debit card income $ 4,530 $ 4,598 $ 13,246 $ 13,361