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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Loans/leases, including fees:    
Taxable $ 74,088 $ 77,131
Nontaxable 26,348 24,128
Securities:    
Taxable 4,588 4,261
Nontaxable 9,212 7,386
Interest-bearing deposits at financial institutions 1,804 1,200
Restricted investment securities 534 674
Federal funds sold 99 269
Total interest and dividend income 116,673 115,049
Interest expense:    
Deposits 50,387 51,416
Short-term borrowings 18 23
Federal Home Loan Bank advances 1,996 4,738
Subordinated notes 3,602 3,480
Junior subordinated debentures 684 693
Total interest expense 56,687 60,350
Net interest income 59,986 54,699
Provision for credit losses 4,234 2,969
Net interest income after provision for credit losses 55,752 51,730
Noninterest income:    
Gains on sales of residential real estate loans, net 297 382
Gains on sales of government guaranteed portions of loans, net 61 24
Capital markets revenue 6,516 16,457
Earnings on bank-owned life insurance 524 868
Loan related fee income 898 836
Fair value loss on derivatives and trading securities (1,007) (163)
Other 378 154
Total noninterest income 16,892 26,858
Noninterest expense:    
Salaries and employee benefits 27,364 31,860
Occupancy and equipment expense 6,455 6,514
Professional and data processing fees 5,144 4,613
FDIC insurance, other insurance and regulatory fees 1,970 1,945
Loan/lease expense 381 378
Net cost of (income from) and losses/(gains) on operations of other real estate (9) (30)
Advertising and marketing 1,613 1,483
Communication and data connectivity 290 401
Supplies 207 275
Bank service charges 596 568
Correspondent banking expense 329 305
Intangibles amortization 661 690
Payment card processing 594 646
Trust expense 357 425
Other 587 617
Total noninterest expense 46,539 50,690
Net income before income taxes 26,105 27,898
Federal and state income tax expense 308 1,172
Net income $ 25,797 $ 26,726
Basic earnings per common share (in dollars per share) $ 1.53 $ 1.59
Diluted earnings per common share (in dollars per share) $ 1.52 $ 1.58
Weighted average common shares outstanding, Basic 16,900,785 16,783,348
Weighted average common and common equivalent shares outstanding, Diluted 17,013,992 16,910,675
Cash dividends declared per common share $ 0.06 $ 0.06
Trust fees    
Noninterest income:    
Revenue $ 3,686 $ 3,199
Investment advisory and management fees    
Noninterest income:    
Revenue 1,254 1,101
Deposit service fees    
Noninterest income:    
Revenue 2,183 2,022
Debit card fees    
Noninterest income:    
Revenue 1,488 1,466
Correspondent banking fees    
Noninterest income:    
Revenue $ 614 $ 512