Non-interest Income and Expense (Tables)

3 Months Ended

Mar. 31, 2025

The following table summarizes the Company’s non-interest income for the periods indicated:


	Three months ended March 31,
(in thousands)	2025		2024
ATM and interchange fees	$	6,106	$	6,169
Service charges on deposit accounts	4,914		4,663
Other service fees	1,359		1,366
Mortgage banking service fees	439		428
Change in value of mortgage servicing rights	(140)		11
Total service charges and fees	12,678		12,637
Increase in cash value of life insurance	820		803
Asset management and commission income	1,488		1,128
Gain on sale of loans	344		261
Lease brokerage income	66		161
Sale of customer checks	345		312
(Loss) gain on sale or exchange of investment securities	(1,146)		—
(Loss) gain on marketable equity securities	39		(28)
Other	1,439		497
Total other non-interest income	3,395		3,134
Total non-interest income	$	16,073	$	15,771

The components of non-interest expense were as follows:


	Three months ended March 31,
(in thousands)	2025		2024
Base salaries, net of deferred loan origination costs	$	25,401	$	24,020
Incentive compensation	4,038		3,257
Benefits and other compensation costs	7,416		7,027
Total salaries and benefits expense	36,855		34,304
Occupancy	4,077		3,951
Data processing and software	5,058		5,107
Equipment	1,284		1,356
Intangible amortization	514		1,030
Advertising	1,204		762
ATM and POS network charges	1,851		1,661
Professional fees	1,518		1,340
Telecommunications	488		511
Regulatory assessments and insurance	1,283		1,251

Postage	320		308
Operational losses	424		352
Courier service	488		480
(Gain) loss on sale or acquisition of foreclosed assets	(3)		(38)
(Gain) loss on disposal of fixed assets	85		5
Other miscellaneous expense	4,139		4,124
Total other non-interest expense	22,730		22,200
Total non-interest expense	$	59,585	$	56,504