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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest income:    
Loans, including fees $ 44,875 $ 38,091
Securities:    
Taxable 2,887 2,076
Tax-exempt 245 303
Other 1,265 432
Total interest income 49,272 40,902
Interest expense:    
Deposits 15,392 7,450
Securities sold under repurchase agreements 22 561
Borrowed funds 509 657
Total interest expense 15,923 8,668
Net interest income 33,349 32,234
Provision for credit losses 200 4,182
Net interest income after provision for credit losses 33,149 28,052
Noninterest income:    
Service charges 1,634 1,599
Income from Ansay and Associates, LLC ("Ansay") 979 1,071
Income from UFS, LLC ("UFS")   890
Loan servicing income 726 636
Valuation adjustment on MSR (312) 779
Net gain on sales of mortgage loans 219 140
Other 1,151 734
Total noninterest income 4,397 5,849
Noninterest expense:    
Salaries, commissions, and employee benefits 10,893 9,912
Occupancy 1,584 1,591
Data processing 2,389 1,864
Postage, stationery, and supplies 238 380
Net loss (gain) on sales and valuations of OREO (47)  
Net loss on sale of securities 34 75
Advertising 95 81
Charitable contributions 176 223
Outside service fees 1,293 2,202
Amortization of intangibles 1,500 1,422
Other 2,169 1,914
Total noninterest expense 20,324 19,664
Income before provision for income taxes 17,222 14,237
Provision for income taxes 1,810 3,557
Net Income $ 15,412 $ 10,680
Earnings per share - basic $ 1.51 $ 1.09
Earnings per share - diluted $ 1.51 $ 1.09